beheftet med salgspant
English translation: exposed to an unpaid (AmE) vendor's (BrE:) seller's lien
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| 07:09 Jun 3, 2022 |
| Norwegian to English translations [PRO] Bus/Financial - Finance (general) | |||||||
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|  Selected response from: Adrian MM. Austria | ||||||
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| 3 | subject to a lien |
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| 3 | (goods) exposed to an unpaid (AmE) vendor's (BrE:) seller's lien |
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| Discussion entries: 2 | |
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Answers
1 hr confidence: 
subject to a lien Explanation: from the reference below: A lien is a claim or legal right against assets that are typically used as collateral to satisfy a debt. A creditor or a legal judgment could establish a lien. A lien serves to guarantee an underlying obligation, such as the repayment of a loan. If the underlying obligation is not satisfied, the creditor may be able to seize the asset that is the subject of the lien. https://www.investopedia.com/terms/l/lien.asp |
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6 hrs confidence:
(goods) exposed to an unpaid (AmE) vendor's (BrE:) seller's lien Explanation: gjenstanden : the article, object or 'good' (as used by one or two ProZ SWE / ENG translators I used to work inhouse with) is subject to, charged or encumbered vs. collateralised with an unpaid seller's lien. > salgspant: seller's lien, Patrick Chaffey NOR/ENG Juridisk Ordbok. Notes: 1. unpaid seller's lien is standard UK Sale of Goods Act terminology, as per UK commercial / business law syllabus. 2. lien has been imported North of the Border in 'no-Equity Law' Scotland from England, though charge is also used (Butterworth's Scots Law Glossary) but is too wide without being qualified in this context e.g. an equitable vs. legal charge, esp. with ref. to mortgages of land rather than of chatt. However, goods/personal property can be subject to charges ranking first, second, third etc. in priority. 3. There are various types of lien, like a mechanic's lien in the USA - applicable to land as well as motor cars /automobiles and wider than a tradesman's lien in E&W. 4. vendor vs. purchaser was used in UK land conveyancing up to 40 years when replaced by the user-friendlier buyer vs. selletr -------------------------------------------------- Note added at 6 hrs (2022-06-03 13:58:29 GMT) -------------------------------------------------- rather than of ..chattels.... (chattel mortgage = bill of sale in E&W). -------------------------------------------------- Note added at 4 days (2022-06-08 06:52:52 GMT) Post-grading -------------------------------------------------- Note that a non-possessory pledge in E&W might be called a chattel mortgage e.g. of a motor car the borrower ('chargor' or 'assignor') is allowed to retain possession of on a loan from the lender ('chargee' or assignee). It is also known as a conditional bill of sale by way of mortgage and is (alt. I have) regd. at the Royal Courts of Justice in London. A bill of sale absolute,as also used in the USA, is a receipt for purchase of e.g. a painting or TV set. Example sentence(s):
Reference: http://www.lexisnexis.co.uk/legal/guidance/unpaid-vendors-li... Reference: http://www.investopedia.com/ask/answers/061715/what-differen... |
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