May 22, 2022 17:05
1 yr ago
20 viewers *
English term

floating charge

English to Italian Bus/Financial Business/Commerce (general) Company registration
Found on a certificate of good standing/company printout in the Irish Register of Companies.

"Charge Type Description A floating charge on the undertakings or property of the company."
"Amount Secured All monies and/or obligations which now are, or at any time may become, due or owing to the security holder by the company on any account and all other liabilities whatsoever of the company to the security holder whether actual or contingent and whether as principal debtor, guarantor, surety or otherwise.

Particulars of Property THE UNDERTAKING OF THE COMPANY AND ALL ITS PROPERTY WHATSOEVER AND WHERESOEVER BOTH PRESENT AND FUTURE INCLUDING ITS UNCALLED CAPITAL FOR THE TIME BEING. THE CHARGE COMPRISES THE FOLLOWING AT CLAUSE 1 (A) THEREOF: "THE COMPANY SHALL NOT BE AT LIBERTY WITHOUT THE PREVIOUS CONSENT IN WRITING OF THE BANK TO CREATE ANY MORTGAGE OR CHARGE OR CONFER ANY LIEN ON THE ASSETS OR ANY PART THEREOF OR TO SELL OR DEAL WITH ITS BOOK OR OTHER DEBTS OR SECURITIES FOR MONEY OTHERWISE THAN FOR THE PURPOSE OF GETTING IN AND REALISING THE SAME IN THE ORDINARY WAY OF BUSINESS""

Thanks in advance

Proposed translations

-1
2 hrs

il pegno mobiliare non possessorio

First ProZ web ref. entry: Floating charge Carica di mantenimento

Compare a fixed charge taken over a company's plant, equipment, land & buildings as security for a company loan > IATE: en fixed charge on real estate COM it garanzia reale su immobile COM and a prenda de comercio in ESP.

I haven't added ..di impresa or azienda since floating charges can also be taken, in the UK as some ProZ accountants might know, controversially over a sole trader's as well as company's book debts: 'The floating charge is used most often to take security over a company’s book debts, leaving the company the freedom to deal with the book debts by collecting them in the ordinary course of its business.' https://www.lawyersnjurists.com/article/courts-classify-char...


Example sentence:

Oggetto di tal tipo di pegno potranno essere i beni mobili, anche immateriali, purché relativi *all\'esercizio dell\'impresa*, nonché i crediti.

Il pegno mobiliare non possessorio consente all\'impresa di ottenere prestiti dando in garanzia beni senza distogliergli dall\'attività

Peer comment(s):

disagree Andrew Bramhall : Yet again proz links posted irrelevant to question at hand. Curiously for someone so insistent on geo-specificity, no mention made of Irish antecedents which really would have been relevant here.
3 hrs
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+1
3 hrs

garanzia generale

Il patrimonio sociale assolve, inoltre, alla funzione di garanzia generale per i creditori della società.
https://www.notaiovarsallona.com/la-societa-in-generale/

Su questo solco va ad incidere la disciplina del patrimonio destinato, il quale comprime la garanzia generale costituita dall'intero patrimonio del debitore, determinando così l'inattaccabilità di una determinata massa patrimoniale, da parte di chi vanti crediti incompatibili con la destinazione prevista.
https://www.ildirittoamministrativo.it/Patrimoni-di-destinaz...

... potenziando, in tal modo, la garanzia generale delle obbligazioni contratte dalla società attraverso il patrimonio individuale dei soci.
https://ilsocietario.it/bussola/responsabilit-dei-soci-di-so...

Il patrimonio della società svolge una funzione di garanzia generale per i creditori: quando la società risulta inadempiente, i creditori possono agire in giudizio per il soddisfacimento sul suo patrimonio.
https://www.notariato.it/it/impresa/i-conferimenti-patrimoni...
Peer comment(s):

agree Andrew Bramhall : Sounds logical;
2 hrs
Thank you. :)
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