This site uses cookies. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. For more information, please see the ProZ.com privacy policy.
Cookie settings
  1. KudoZ™ Top
  2. Norwegian (Bokmal) to English
  3. Automotive / Cars & Trucks

KudoZ question not available

English translation: pledge an automobile/car/vehicle as collateral

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Norwegian (Bokmal) term or phrase:pantsette en bil
English translation:pledge an automobile/car/vehicle as collateral
Entered by: Charles Ek

23:27 Apr 19, 2010
Norwegian (Bokmal) to English translations [PRO]
Law/Patents - Automotive / Cars & Trucks
Norwegian (Bokmal) term or phrase: pantsette en bil
What is the proper word for "pantsette" when it comes to cars? I have only seen "morgage" used for houses and other non-moving properties, but I do not think that includes cars, boats, etc. ?

I am translating a small clause that says that a rental car must not "pantsettes" during the rental period.
Karin Berling
United States
Local time: 05:13
pledge an automobile/car/vehicle as collateral
Explanation:
You're right, vehicles are not commonly "mortgaged" in the U.S. in the same way as real estate. You might hear of "chattel mortgages" of vehicles, mobile homes, etc. in some U.S. states, but that term is used chiefly these days in the U.K. and some of its former colonies.

Movable personal property such as a vehicle or large piece of equipment (aka a "chattel" or "chattel property") is ordinarily "pledged as collateral" these days to secure a loan. The sample sentence below is from a loan application at the reference link.
Selected response from:

Charles Ek
United States
Local time: 04:13
Grading comment
Tusen takk!
4 KudoZ points were awarded for this answer



Summary of answers provided
5pledge an automobile/car/vehicle as collateral
Charles Ek
3car used as security
valhalla55


  

Answers


2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
car used as security


Explanation:
one suggestion

Example sentence(s):
  • "the car must not be used as security"

    Reference: http://www.trademe.co.nz/Trade-Me-Motors/Wrecked-cars/auctio...
    Reference: http://www.fordforums.com/f126/my-new-xr6-turbo-stolen-35133...
valhalla55
Native speaker of: Native in RomanianRomanian
Login to enter a peer comment (or grade)

2 hrs   confidence: Answerer confidence 5/5
pledge an automobile/car/vehicle as collateral


Explanation:
You're right, vehicles are not commonly "mortgaged" in the U.S. in the same way as real estate. You might hear of "chattel mortgages" of vehicles, mobile homes, etc. in some U.S. states, but that term is used chiefly these days in the U.K. and some of its former colonies.

Movable personal property such as a vehicle or large piece of equipment (aka a "chattel" or "chattel property") is ordinarily "pledged as collateral" these days to secure a loan. The sample sentence below is from a loan application at the reference link.

Example sentence(s):
  • "I pledge as collateral: (x)."

    Reference: http://www.telcotriad.org/loan_app%5B1%5D.asp
Charles Ek
United States
Local time: 04:13
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8
Grading comment
Tusen takk!
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.

Return to KudoZ list

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:
ProZ.com term search
Search millions of term translations
Close search
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search