GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||
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13:11 Jan 18, 2020 |
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Italian to English translations [PRO] Law/Patents - Real Estate | |||||||
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| Selected response from: Adrian MM. Austria | ||||||
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Summary of answers provided | ||||
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3 +4 | the properties (buildings) mortgaged as collateral (Scots: standard) security for the loan |
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the properties (buildings) mortgaged as collateral (Scots: standard) security for the loan Explanation: Surely, the mutuo is the loan. A common misnomer in the UK and Ireland: the borrowers exclaim 'the bank or building society has given us a mortgage' namely a mortgage loan, whereas it is in fact the borrowers who have given the bank or B.S. lenders a mortgage as land charge (US: lien) over the land. Reference: http://eng.proz.com/personal-glossaries/entry/4734920-mutuo-... |
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