postponement of interest

Polish translation: klauzula pierwszeństwa zaspokojenia wierzytelności

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:postponement of interest
Polish translation:klauzula pierwszeństwa zaspokojenia wierzytelności
Entered by: Joanna Juszczak-Hurley

14:32 Jan 31, 2021
English to Polish translations [PRO]
Law/Patents - Finance (general) / mortgage, deed of confirmation
English term or phrase: postponement of interest
Jak to zgrabnie ująć?

POSTPONEMENT OF INTEREST
The Beneficiary agrees that the Mortgage shall have priority over all the Beneficiary's present and future estate, right, title and (...)
https://www.permanenttsb.ie/globalassets/pdf-documents/mortg...
Joanna Juszczak-Hurley
Ireland
Local time: 14:37
klauzula pierwszeństwa zaspokojenia wierzytelności
Explanation:
This reads like a subordination clause. Here, however, it is the debtor that subordinates his interest (ownership share) in the property. Still, the lender has the priority over the debtor interest.
Selected response from:

Frank Szmulowicz, Ph. D.
United States
Local time: 10:37
Grading comment
Dziękuję za pomoc.
4 KudoZ points were awarded for this answer



Summary of answers provided
2klauzula pierwszeństwa zaspokojenia wierzytelności
Frank Szmulowicz, Ph. D.


Discussion entries: 3





  

Answers


2 hrs   confidence: Answerer confidence 2/5Answerer confidence 2/5
klauzula pierwszeństwa zaspokojenia wierzytelności


Explanation:
This reads like a subordination clause. Here, however, it is the debtor that subordinates his interest (ownership share) in the property. Still, the lender has the priority over the debtor interest.


Frank Szmulowicz, Ph. D.
United States
Local time: 10:37
Works in field
Native speaker of: Native in EnglishEnglish, Native in PolishPolish
PRO pts in category: 1109
Grading comment
Dziękuję za pomoc.
Notes to answerer
Asker: Thank you very much. This is very helpful.

Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search