Aug 25, 2020 01:11
3 yrs ago
24 viewers *
Spanish term

gravamen en segundo lugar

Spanish to English Bus/Financial Finance (general) Mexico - credit operations
In a credit manual: "Es important determinar si existe la necesidad de solicitar garantias reales, personales e inclusive gravamen en segundo lugar sobre el mismo activo que el contratista haya gravado para lograr la fianza del contrato con la dependencia."

Proposed translations

+3
4 hrs
Selected

second lien

since it says "sobre el mismo activo", I don't think it means "getting more collateral"
Peer comment(s):

agree Adrian MM. : lien in the USA vs. second charge in the UK (and Ireland).
2 hrs
Thanks, Adrian
agree AllegroTrans : Second-ranking lien
4 hrs
agree Antonella Perazzoni
6 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thank you. Sorry to take so long to grade this."
11 mins
3 hrs

third-party collateral

Define Third Party Collateral. means any property of any Person other than Borrower which secures payment or performance of any Liabilities.
Something went wrong...
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search