hold on trust

Serbo-Croat translation: upravljati trustom

05:39 Jul 5, 2012
English to Serbo-Croat translations [PRO]
Law/Patents - Law: Contract(s)
English term or phrase: hold on trust
iz ugovora, kako prevesti, 'to hold on trust'?
If for any reason a trust in favour of, or a holding of property or other assets for, the contracting parties is, becomes or is deemed to be invalid or unenforceable, the party otherwise obliged to hold any amounts on such trust will pay and deliver to the Security an amount equal to the payment, receipt or recovery in cash or, if in kind, the value conferred which it would otherwise have been bound to hold on trust for or as property of the relevant persons.
Mirjana Gacanovic
Bosnia and Herzegovina
Local time: 09:55
Serbo-Croat translation:upravljati trustom
Explanation:
to hold on - držati, fig. upravljati

"Hold on trust" is also good English, although we usually say "in trust" in North America.
In such an arrangement the trustee holds property or a property right for the benefit of another person. In the given case, when repayments are received by the sponsors, the sponsors become constructive trustees of the monies for the benefit of the lenders, such that in case of insolvency or bankruptcy of the project company these monies are not part of the project company's net assets available for distribution to creditors.
http://forum.wordreference.com/showthread.php?t=940945



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Note added at 11 days (2012-07-16 07:37:44 GMT) Post-grading
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to je uobičajen izraz, možda netipičan za naše podneblje, nećete pogrešiti
Selected response from:

M. Vučković
Serbia
Local time: 09:55
Grading comment
hvala, kolega, iako nisam potpuno zadovoljna prevodom, pa sam pribjegla nekakvom parafraziranju, smisao je u tome da se nekakva imovina ili sredstva cuvaju odnosno drze ili se njima raspolaze za racun neke druge strane.
2 KudoZ points were awarded for this answer



Summary of answers provided
4upravljati trustom
M. Vučković


Discussion entries: 1





  

Answers


3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
to hold on trust
upravljati trustom


Explanation:
to hold on - držati, fig. upravljati

"Hold on trust" is also good English, although we usually say "in trust" in North America.
In such an arrangement the trustee holds property or a property right for the benefit of another person. In the given case, when repayments are received by the sponsors, the sponsors become constructive trustees of the monies for the benefit of the lenders, such that in case of insolvency or bankruptcy of the project company these monies are not part of the project company's net assets available for distribution to creditors.
http://forum.wordreference.com/showthread.php?t=940945



--------------------------------------------------
Note added at 11 days (2012-07-16 07:37:44 GMT) Post-grading
--------------------------------------------------

to je uobičajen izraz, možda netipičan za naše podneblje, nećete pogrešiti

Example sentence(s):
  • Trust je zakonski odnos između povjerenika (trustee), osobe koja vodi brigu ili upravlja trustom, i korisnika ...

    https://docs.google.com/viewer?a=v&q=cache:dKRgefHvI1YJ:www.fahcsia.gov.au/sa/carers/pubs/Documents/SpecialDisabilityTrusts/special_disabilt
M. Vučković
Serbia
Local time: 09:55
Specializes in field
Native speaker of: Serbian
PRO pts in category: 21
Grading comment
hvala, kolega, iako nisam potpuno zadovoljna prevodom, pa sam pribjegla nekakvom parafraziranju, smisao je u tome da se nekakva imovina ili sredstva cuvaju odnosno drze ili se njima raspolaze za racun neke druge strane.
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