vincolo di pegno

English translation: subject to a pledge

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:vincolo di pegno
English translation:subject to a pledge
Entered by: Imogen Hancock

15:25 Nov 19, 2009
Italian to English translations [PRO]
Bus/Financial - Business/Commerce (general)
Italian term or phrase: vincolo di pegno
The document is a ricorso discussing the calling on a bank guarantee.
"al fine di ottenere l'emissione di tale fideiussione la ricorrente ha depositato su di un apposito conto corrente bancario soggetto a vincolo di pegno la somma di ..."

What do we call this kind of account in English?
Imogen Hancock
United Kingdom
Local time: 04:31
subject to a pledge
Explanation:
It is a bank account for which a pledge agreement has been signed.

http://www.proz.com/kudoz/italian_to_english/accounting/2591...
http://www.google.com/search?source=ig&hl=en&rlz=&=&q=bank a...
Selected response from:

James (Jim) Davis
Seychelles
Local time: 07:31
Grading comment
I went for this one as it fitted well with another occurrence of "vincolo di pegno" later on in text. Thanks!
4 KudoZ points were awarded for this answer



Summary of answers provided
5binding pledge
Peter Cox
5cash collateral [account]
DCypher (X)
4forfeiture obligation
Constantinos Faridis (X)
4subject to a pledge
James (Jim) Davis
4escrow
Michael Korovkin


  

Answers


12 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
forfeiture obligation


Explanation:
27 Jan 2009 ... The forfeiture obligation is tied to the “prepar[ation of] an accounting restatement due to [] material noncompliance of the issuer, ...
securities.litigation.alston.com/blog.aspx?... -Lee, Richard Choo-Beng Cooperation Agreement -

5 Nov 2009 ... The defendant furthermore admits the forfeiture allegations with ... not to exceed $10 million in satisfaction of the forfeiture obligation. ...
www.scribd.com/.../Lee-Richard-Choo-Beng-Cooperation-Agreem... -
[PDF] UNITED STATES DISTRICT COURT DISTRICT OF MAINE UNITED STATES OF ... - [ Μετάφραση αυτής της σελίδας ]
Μορφή αρχείου: PDF/Adobe Acrobat - Quick View
The defendant's forfeiture obligation under this Order is joint and several with any forfeiture obligation imposed on any co-defendant or co-conspirator as ...
www.med.uscourts.gov/.../JAW_10032008_1-07cr74_USA_V_CHUBBU...[PDF] that were misbranded, a misdemeanor, in violation of 21 U.S.C. ... - PDF/Adobe Acrobat - Προβολή ως HTML
substitute assets to satisfy the forfeiture obligation described in paragraph 2(C) below. Eli Lilly will pay these amounts within 10 business days of the ...
www.justice.gov/.../Guilty Plea Agreement-Eli Lilly and Co....

Constantinos Faridis (X)
Greece
Local time: 06:31
Native speaker of: Greek
PRO pts in category: 16
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13 mins   confidence: Answerer confidence 5/5
binding pledge


Explanation:
pegno - pledge or lien

Peter Cox
Italy
Local time: 05:31
Specializes in field
Native speaker of: English
PRO pts in category: 246
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23 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
subject to a pledge


Explanation:
It is a bank account for which a pledge agreement has been signed.

http://www.proz.com/kudoz/italian_to_english/accounting/2591...
http://www.google.com/search?source=ig&hl=en&rlz=&=&q=bank a...

James (Jim) Davis
Seychelles
Local time: 07:31
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 1888
Grading comment
I went for this one as it fitted well with another occurrence of "vincolo di pegno" later on in text. Thanks!
Login to enter a peer comment (or grade)

1 hr   confidence: Answerer confidence 5/5
cash collateral [account]


Explanation:
monies placed on deposit in a dedicated account which serves as guarantee i.e., collateral

http://consusgroup.com/previews/356070/

DCypher (X)
Local time: 05:31
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 307

Peer comments on this answer (and responses from the answerer)
neutral  James (Jim) Davis: I was going to post this, but then changed my mind, because these accounts are also used in other ways (also to actually service debt) as I understand it, and not just to hold collateral.
1 day 13 hrs
  -> You are confusing concepts. That would be a servicing account. Collateral accounts are typically for credit enhancement
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2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
escrow


Explanation:
no need to add "account": account may be ordinary, but a certain sum may be deposited there on escrow, that is, con il vincolo di pegno.

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Note added at 4 hrs (2009-11-19 19:27:16 GMT)
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http://www.investorwords.com/1747/escrow.html

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Note added at 4 hrs (2009-11-19 19:33:13 GMT)
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0. di forme di pegno senza spossessamento costituisce diretta espressione ...... Sul tema dell'applicabilità dell'escrow account alle operazioni di ...
0. www.il-trust-in-italia.it/Relazioni/.../Relazione Mirca Sac...

Pegno sulle disponibilità (Escrow accounts) ... Possibilità di recesso – condizioni e vincoli per l'esercizio del ...
www.econ.uniurb.it/.../3566_3°%20modulo_%20la%20contrattualistica.ppt

Il mandato di escrow agent mira a raggiungere e realizzare simultaneamente gli obiettivi della lettera di patronage e del pegno sulle quote sociali. ...
books.google.com/books?isbn=8882336204...

Pegno su. azioni /. quote. Garanzie: Cessione contratto di costruzione; ... conti vincolati “escrow account”; Vincoli sui prodotti in corso di lavorazione ...


Il mandato di escrow agent mira a raggiungere e realizzare simultaneamente gli obiettivi della lettera di patronage e del pegno sulle quote sociali. ...
books.google.com/books?isbn=8882336204...


Michael Korovkin
Italy
Local time: 05:31
Works in field
Native speaker of: Native in EnglishEnglish, Native in RussianRussian
PRO pts in category: 105
Notes to answerer
Asker: Sounds convincing. Can you provide me with a reference so i can double check?

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