Glossary entry

Danish term or phrase:

Nedlysning

English translation:

relegation in registered priority: downgrading > to rank lower in priority

Added to glossary by Adrian MM.
Feb 7, 2021 17:03
3 yrs ago
12 viewers *
Danish term

Nedlysning

Danish to English Bus/Financial Finance (general) Mortgages
Tinglysning af dette pantebrev sker på vilkår om aflysning eller nedlysning af det angivne pantebrev.

https://domstol.dk/tinglysningsretten/tingboegerne/fast-ejen...
Change log

Feb 13, 2021 10:38: Adrian MM. changed "Edited KOG entry" from "<a href="/profile/125006">Diarmuid Kennan's</a> old entry - "Nedlysning"" to ""relegation in priority: downgrading > to rank lower in priority""

Discussion

Diarmuid Kennan (asker) Feb 8, 2021:
downgrading Thank you both - I think 'downgrading' is a good option here.

Proposed translations

5 hrs
Selected

relegation in priority: downgrading > to rank lower in priority

compare 'tacking' in Anglo-Irish law: a mortgagee alias mortgage lender with a first and third charge over the same property - to secure further advances - can 'tack', so move up charge three to first spot, so pushing or moving down > 'relegating' a second charge regd, by another mortgage lender. Over different properties, the process is called 'consolidation' of mortgages: Scots > standard security.

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Note added at 5 heures (2021-02-07 22:40:59 GMT)
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... in *registered* priority ...
Example sentence:

Protection and priority by legal estates and tacking not allowed 1a, 3a. Irish Conveyancing Statutes.

Det tidligere pantebrev eller afgiftspantebrev skal være nedlyst eller aflyst senest et år efter anmeldelsen af det nye pantebrev.

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4 KudoZ points awarded for this answer. Comment: "Thanks Adrian"
37 mins

devaluation



nedlyse = nedskrive værdi ved fornyet tinglysning
https://ordnet.dk/ods/ordbog?query=nedlyse


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