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226 months ago

Gina W   asked this question:

Language pair:	French > English
Subject:	Business / Marketing / Financial
Level of diffculty:	Easy / medium
Word or term in question:	prises de dation
Context:	valeurs mobilières émises, dir
Keywords:	...(création de sociétés nouve

 

The answer of    was rated best

acceptance of profits or rents as collateral

My comment:

This term can’t be translated by itself. It seems to be quite an unusual collateral guarantee arrangement. I think that it means that in case of default by the debtor, the creditor will take over the management or the lease or both of a good such as a farm or a business, i.e. ownership is not transferred, but the profits and/ or rents are. I can’t think of an equivalent in Common Law, so it’s tough to translate this.
How about “the acceptance of profits or rents of any goods as collateral” or something along those lines.

The asker's comment:

Merci:)

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