22:52 Jun 7, 2017 |
Romanian to English translations [PRO] Real Estate / termen dintr-un CONTRACT DE GARANTIE IMOBILIARA | ||||
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| Selected response from: mrrafe United States Local time: 16:56 | |||
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Summary of answers provided | ||||
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3 +1 | patrimony of affection |
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4 | special-purpose assets (reserve) |
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patrimony of affection Explanation: When a business or real estate is inherited, I think the patrimoniu de afectatiune is a portion that can be shielded (protected) from creditors' claims against the business, on the theory that it was bequeathed for personal rather than business reasons. In contrast, I think a special purpose entity is created to protect creditors, by giving them the right to make claims against the SPE part of the business, so they can be secure in their dealings with that part of the business even if other parts of the business fail. http://www.investopedia.com/terms/s/spv.asp The patrimoniu de afectatiune is created by Romanian statute and I don't know whether there is a comparable term in non-Romanian law. https://www.juridice.ro/468953/ioan-schiau-despre-patrimoniu... Reference: http://www.partaje-avocati.ro/legislatie/bunuri-comune/patri... Reference: http://legeaz.net/dictionar-juridic/patrimoniu-de-afectatiun... |
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special-purpose assets (reserve) Explanation: Dictionar juridic -------------------------------------------------- Note added at 10 hrs (2017-06-08 09:05:49 GMT) -------------------------------------------------- ROmanian definition: Art. 31 Patrimoniul. Mase patrimoniale şi patrimonii de afectaţiune 3) Patrimoniile de afectaţiune sunt masele patrimoniale fiduciare, constituite potrivit dispoziţiilor titlului IV al cărţii a III-a, cele afectate exercitării unei profesii autorizate, precum şi alte patrimonii determinate potrivit legii Detalii: http://legeaz.net/noul-cod-civil/art-31-patrimoniul-mase-pat... It is NOT a SPE/SPV; it is a special purpose ASSETS. The concept is largely used in Europe. http://www.linguee.com/english-french/search?source=auto&que... You might prefer the Canadian concept : patrimony by appropriation. (Civil Code Québec) |
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