TRADUguide - Your Guide to Translators and Translation Agencies

226 months ago

Gina W   asked this question:

This question has already been answered and rated. Therefore, no new answers can be given.

226 months ago

Isabel Ruivo   wrote:

acceptance of gifts

226 months ago

Claude Le Frapper   wrote:

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 rated this answer best

226 months ago

Claude Le Frapper   wrote:

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 rated this answer best

226 months ago

Claude Le Frapper   wrote:

conveyance by gift

226 months ago

Claude Le Frapper   wrote:

taking over/appropriation of payments in kind

My references:

Harper Collins Unabridged French/English Dictionary; Dictionnaire Francais/Anglais des Affaires Larousse