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to pursue assets

German translation: Rückgriff auf Vermögen

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:to pursue assets
German translation:Rückgriff auf Vermögen
Entered by: THX 1138

06:16 Apr 19, 2017
English to German translations [PRO]
Law/Patents - Finance (general)
English term or phrase: to pursue assets
Secured loans can be established on a recourse or a non-recourse basis. This is an important distinction if the borrower defaults on their debt and the security seized does not meet the liability in full – i.e. there is a shortfall.

Recourse loans provide the bank with the legal right ***to pursue other assets*** owned by the borrower and/or seek legal redress for the borrower’s income to be used to settle the shortfall amount.

Non-recourse loans do not provide the bank with the legal right ***to pursue the borrower’s other assets***, and therefore they must write off the shortfall as it is not recoverable.


Wie lautet hier der korrekte Fachbegriff?
Olaf Reibedanz
Colombia
Local time: 11:10
Rückgriff auf Vermögen
Explanation:
Beispiel: Recourse-Finanzierungen bieten der Bank Rückgriffsrechte auf andere Vermögenswerte des Kreditnehmers.
Selected response from:

THX 1138
Germany
Local time: 18:10
Grading comment
Nochmals danke!
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1Rückgriff auf Vermögen
THX 1138


  

Answers


8 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
Rückgriff auf Vermögen


Explanation:
Beispiel: Recourse-Finanzierungen bieten der Bank Rückgriffsrechte auf andere Vermögenswerte des Kreditnehmers.


    Reference: http://de.wikipedia.org/wiki/Projektfinanzierung#Explizite_R...
    Reference: http://jodano.de/allgemein-2/regresslos-definition-forderung...
THX 1138
Germany
Local time: 18:10
Works in field
Native speaker of: Native in GermanGerman
PRO pts in category: 4
Grading comment
Nochmals danke!

Peer comments on this answer (and responses from the answerer)
agree  Annett Roessner
10 hrs
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