Glossary entry (derived from question below)
French term or phrase:
séquestre
English translation:
(BrE) stakeholder - of cash or deposit; escrow agent of docs.
Added to glossary by
Bashiqa
Oct 4, 2013 07:01
10 yrs ago
37 viewers *
French term
séquestre
French to English
Law/Patents
Finance (general)
Company sale
Context
La somme qui est remise au SEQUESTRE demeurera affectée à titre de gage au profit de l'acquéreur pour lui garantir le rapport des mainlevées et radiation de toutes inscriptions, oppositions et autres empêchements quelconques.
Am I alright using 'escrow agent' or is there another name?
TIA Chris.
La somme qui est remise au SEQUESTRE demeurera affectée à titre de gage au profit de l'acquéreur pour lui garantir le rapport des mainlevées et radiation de toutes inscriptions, oppositions et autres empêchements quelconques.
Am I alright using 'escrow agent' or is there another name?
TIA Chris.
Proposed translations
(English)
| 5 +1 | (BrE) stakeholder - of cash or deposit; escrow agent of docs. |
Adrian MM. (X)
|
| 4 +1 | escrow agent |
Mark Hamlen
|
| 4 -1 | Receiver |
cmf33
|
| 4 -1 | seizure, sequestration |
Josephine Cassar
|
Change log
Oct 4, 2013 20:23: writeaway changed "Field (specific)" from "Law: Contract(s)" to "Finance (general)"
Oct 6, 2013 01:43: Yolanda Broad changed "Term asked" from "SEQUESTRE" to "séquestre"
Proposed translations
+1
2 hrs
Selected
(BrE) stakeholder - of cash or deposit; escrow agent of docs.
The lack of accents means up to 10 KudoZ glossary entries have been missed.
Also, escrow in UK conveyancing practice for documents and deeds is not the same as escrow in the US, but which in fact refers to the land registration.
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Note added at 2 hrs (2013-10-04 09:05:28 GMT)
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Standard Commercial Property Conditions provide (Condition 2.2) for a 10% deposit, to be held by the seller’s conveyancer as *stakeholder*(although on a sale at auction, they provide (Condition 2.3.6) for the deposit to be held by the auctioneer as agent for the seller) and to be paid to the seller on completion together with accrued interest.
Also, escrow in UK conveyancing practice for documents and deeds is not the same as escrow in the US, but which in fact refers to the land registration.
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Note added at 2 hrs (2013-10-04 09:05:28 GMT)
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Standard Commercial Property Conditions provide (Condition 2.2) for a 10% deposit, to be held by the seller’s conveyancer as *stakeholder*(although on a sale at auction, they provide (Condition 2.3.6) for the deposit to be held by the auctioneer as agent for the seller) and to be paid to the seller on completion together with accrued interest.
Example sentence:
Except in exceptional circumstances, a contract for the sale of land will always contain a provision requiring the buyer to pay to the seller a deposit, i.e. a percentage of the purchase price, on exchange of contracts.
Reference:
http://www.proz.com/kudoz/french_to_english/law%3A_contracts/1439456-s%C3%A9questre_du_prix.html
http://www.practicalconveyancing.co.uk/content/view/9560/1242/
Note from asker:
| Sorry about accents, was using 'English' laptop. |
Peer comment(s):
| agree |
AllegroTrans
: "Stakeholder" is the standard usage in Br. English; appears on the wording of every standard conditions of sale of property; even if this is not domestic property I think the term works perfectly well// nay lad, 1000 yrs of practice
13 hrs
|
|
Thx. Whatever answer is chosen, 150 years of UK estate agents' and conveyancers' deposit stakeholding practice isn't going to change.
|
4 KudoZ points awarded for this answer.
Comment: "Thank you, always appreciated to have an expet on the job. "
-1
41 mins
French term (edited):
SEQUESTRE
Receiver
Peer comment(s):
| disagree |
AllegroTrans
: IATE doesn't work here, the context is the sale of property
14 hrs
|
-1
1 hr
Josephine Cassar
Malta
Malta
Native in English
Works in field
Malta
12 yrs. experience translating EU stuff
Native in: English (Variants: British, UK) 
, Maltese
Works in: English to Maltese, Italian to Maltese, French to Maltese, and 3 more.
Related KudoZ points
:
4
French term (edited):
SEQUESTRE
seizure, sequestration
Also from IATE, see reference: http://iate.europa.eu/iatediff/SearchByQuery.do
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Note added at 1 hr (2013-10-04 08:22:36 GMT)
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Also see this: http://en.pons.eu/translate?q=séquestrer&l=enfr&in=ac_undefi... for translation of term-impound
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Note added at 1 hr (2013-10-04 08:22:36 GMT)
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Also see this: http://en.pons.eu/translate?q=séquestrer&l=enfr&in=ac_undefi... for translation of term-impound
Peer comment(s):
| neutral |
writeaway
: the context clearly indicates it's a person: La somme qui est remise au SEQUESTRE
12 hrs
|
| disagree |
AllegroTrans
: a) it's a person b) the property is simply being sold, not seized
14 hrs
|
+1
1 hr
Mark Hamlen
France
France
Native in English
Specializes in field
France
25 years - legal and financial
Native in: English
Works in: French to English, Russian to English
Related KudoZ points
:
4
French term (edited):
SEQUESTRE
escrow agent
I'll make the entry for the term preferred in the discussion.
Note from asker:
| Thank you. Subtle difference between holding cash and holding documents. |
Peer comment(s):
| agree |
writeaway
: yup. asker got it right .apparently looking it up and puttting2+2 together by sticking to the context is the way to go.
11 hrs
|
Discussion
Not a 'seizure' as such and not in 'Receivership'.
http://en.wikipedia.org/wiki/Escrow