вписано изоставяне на изпълнение

English translation: recorded withdrawal of intent to enforce

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Bulgarian term or phrase:вписано изоставяне на изпълнение
English translation:recorded withdrawal of intent to enforce
Entered by: Mark Bossanyi

05:56 Jun 21, 2011
Bulgarian to English translations [PRO]
Law/Patents - Law (general) / Register of Special Pledges
Bulgarian term or phrase: вписано изоставяне на изпълнение
This is an item in a list qualifying the rights of a company (вписаните права) entered in the Register of Special Pledges (Регистър на особените залози)
Mark Bossanyi
Bulgaria
Local time: 13:00
Application for entry of abandonment of execution
Explanation:
I know it sounds iffy, but... have a look at Form 7 about midway downpage here:

http://www.mjeli.government.bg/croz/docs/enUstroistvo.htm

--------------------------------------------------
Note added at 3 hrs (2011-06-21 09:23:59 GMT)
--------------------------------------------------

Actually, the "application for" drops out (I copy-pasted it from the site) and we are left with "entered abandonment of execution".

This has to be regarded as the "official" Bulgarian rendering, since it is on the MoJ website. It is also a direct rendering of the Bulgarian original. Still, it leaves much to be desired in terms of 'looking and souning right'.

In a more English register, it might be something like "recorded [listed, registered, noted, confirmed] withdrawal of intent to enforce". "Enforcement of [on] security" means that a lender (or anyone with a secured [collateralised in US English; securitised] claim) is taking over the pledged security (collateral). Like, there was a fair amount of enforcement of security going down in the UK in the early 1990s with the negative equity crisis forcing home owners to part with their mortgage security (their homes).

The Register of Special Pledges (ROZ) was set up to ease liquidity management by Bulgarian banks and local authorities. Say a local authority has bought too many government bonds and as a result has no cash. It pledges X-amount of bonds into the ROZ and gets their current cash equivalent in the form of a secured loan from a bank (the security being the pledged bonds). If it fails to repay the loan, the bank "enforces its security" and gets its money back, and the local authority is left X-amount of bonds short.

So, if you want to come up with something that is internationally understandable, I'd go with "recorded withdrawal of intent to enforce".
Selected response from:

Peter Skipp
Bulgaria
Local time: 13:00
Grading comment
Благодаря!

4 KudoZ points were awarded for this answer



Summary of answers provided
5 +3Application for entry of abandonment of execution
Peter Skipp
5registered failure
Yuliyan Gospodinov (X)
5registered waiver from enforcement
iacta alea est


  

Answers


48 mins   confidence: Answerer confidence 5/5 peer agreement (net): +3
Application for entry of abandonment of execution


Explanation:
I know it sounds iffy, but... have a look at Form 7 about midway downpage here:

http://www.mjeli.government.bg/croz/docs/enUstroistvo.htm

--------------------------------------------------
Note added at 3 hrs (2011-06-21 09:23:59 GMT)
--------------------------------------------------

Actually, the "application for" drops out (I copy-pasted it from the site) and we are left with "entered abandonment of execution".

This has to be regarded as the "official" Bulgarian rendering, since it is on the MoJ website. It is also a direct rendering of the Bulgarian original. Still, it leaves much to be desired in terms of 'looking and souning right'.

In a more English register, it might be something like "recorded [listed, registered, noted, confirmed] withdrawal of intent to enforce". "Enforcement of [on] security" means that a lender (or anyone with a secured [collateralised in US English; securitised] claim) is taking over the pledged security (collateral). Like, there was a fair amount of enforcement of security going down in the UK in the early 1990s with the negative equity crisis forcing home owners to part with their mortgage security (their homes).

The Register of Special Pledges (ROZ) was set up to ease liquidity management by Bulgarian banks and local authorities. Say a local authority has bought too many government bonds and as a result has no cash. It pledges X-amount of bonds into the ROZ and gets their current cash equivalent in the form of a secured loan from a bank (the security being the pledged bonds). If it fails to repay the loan, the bank "enforces its security" and gets its money back, and the local authority is left X-amount of bonds short.

So, if you want to come up with something that is internationally understandable, I'd go with "recorded withdrawal of intent to enforce".

Peter Skipp
Bulgaria
Local time: 13:00
Native speaker of: Native in BulgarianBulgarian, Native in EnglishEnglish
PRO pts in category: 28
Grading comment
Благодаря!
Notes to answerer
Asker: Thanks Peter. You're right, it's quite a tongue twister.


Peer comments on this answer (and responses from the answerer)
agree  Yavor Dimitrov: I like your clear explanation and would definitely go for your second suggestion.
23 hrs
  -> Благодаря!

agree  iacta alea est: with "recorded withdrawal of intent to enforce"
1 day 16 hrs
  -> Thank you!

agree  Andrei Vrabtchev
3 days 40 mins
  -> Благодаря!
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16 hrs   confidence: Answerer confidence 5/5
registered failure


Explanation:
.

Yuliyan Gospodinov (X)
Bulgaria
Local time: 13:00
Works in field
Native speaker of: Bulgarian
PRO pts in category: 12
Notes to answerer
Asker: Благодаря за помощта

Login to enter a peer comment (or grade)

1 day 17 hrs   confidence: Answerer confidence 5/5
registered waiver from enforcement


Explanation:
registered waiver from enforcement action(s)

iacta alea est
Spain
Local time: 12:00
Works in field
Native speaker of: Native in BulgarianBulgarian
PRO pts in category: 36
Notes to answerer
Asker: Благодаря за помощта

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