prioritetspant

English translation: preferential security

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Danish term or phrase:	prioritetspant
English translation:	preferential security
Entered by:	Helen Johnson

15:46 Aug 20, 2009

Danish to English translations [PRO]
Bus/Financial - Real Estate / mortgages

Danish term or phrase: prioritetspant

I'm confused to start with as to the difference between "prioritetslån" and prioritetspant.
Till sikkerhed for prioritetslån er deponert 1. og 2. prioritetspant i kommanditselkabets ejendom og inventar.
TIA

Helen Johnson KudoZ activity Questions: 1946 (4 open) (22 without valid answers) (125 closed without grading) Answers: 460 United Kingdom
Local time: 08:52

preferential security

Explanation:
According to Den Dansk-Engelske Regnskabsordbog:

prioritetslån = mortgage
pant = security

So here I think they're talking about security in the borrower's assets which gives the lender 1st and 2nd preference.

See also here:

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Note added at 2 hrs (2009-08-20 17:53:58 GMT)
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Den Dansk-Engelske Regnskabsordbog can be found at : http://www.regnskabsordbogen.dk/regn/dkgb/dkgbregn.aspx

Selected response from:

David Young (X)
Denmark
Local time: 09:52

Grading comment

Many thanks!
4 KudoZ points were awarded for this answer

Summary of answers provided

4 +2

preferential security

David Young (X)

prioritetspant

kolya

1st and 2nd priority charge

Adrian MM. (X)

Answers

10 mins confidence:

prioritetspant

Explanation:
Prioritetspant.....let me explain in this part, I was just reading this article and saw your question.....so I thought maybe I will use it as an example....

....toppfinansieringen av søkers boliglån, og kommunen vil da få 2. prioritetspant i boligen etter annen låneinstans....

kolya
Meets criteria
Native speaker of:

Persian (Farsi),

English

2 hrs confidence:

peer agreement (net): +2

preferential security

David Young (X)
Denmark
Local time: 09:52
Meets criteria
Native speaker of: English
PRO pts in category: 8

Grading comment

Many thanks!

7 hrs confidence:

1. og 2. prioritetspant 1st and 2nd priority charge

Explanation:
The prefixed numbers are vital to avoid misreading the priority security as a term of art. Whether the charge (NB the term) is fixed or floating over land and equipment depends on the context.

The ranking of the prioritetslån - mortgage loan(s)/ see Bailey's DA/EN comm. dictionary - is governed by the priority of the underlying pant = security or charges backing them.

Example sentence(s):

The rule that the first charge to be registered ranks first in priority over other secured lenders' charges may not apply

Reference: http://www.mondaq.com/article.asp?articleid=50292

Adrian MM. (X)
Local time: 09:52
Does not meet criteria
Specializes in field
Native speaker of:

English
PRO pts in category: 11

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English translation: preferential security

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