charge someone\'s interest vs mortgage someone\'s interest

English translation: use as security

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

English term or phrase:	charge someone\'s interest vs mortgage someone\'s interest
Selected answer:	use as security

10:29 Feb 21, 2017

The asker opted for community grading. The question was closed on 2017-02-24 10:54:52 based on peer agreement (or, if there were too few peer comments, asker preference.)

English language (monolingual) [PRO]
Law/Patents - Law (general) / أمثلة: علم الأ

English term or phrase: charge someone\'s interest vs mortgage someone\'s interest

The Purchaser may, with (the competent government authority) approval, mortgage or charge its interest under this Agreement, provided that ......

Thanks for your assistance

Sayed Fathy KudoZ activity Questions: 28 (4 open) (2 without valid answers) (3 closed without grading) Answers: 438 United Arab Emirates
Local time: 01:00

use as security

Explanation:
the purchaser can take out a loan secured by the Interest he purchases, or use it as a collateral in similar arrangements

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Note added at 3 mins (2017-02-21 10:32:53 GMT)
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one of the cases when the English legalese has (multiple) synonyms for basically one and the same thing: warranties and representations, convey and transfer

the differences used to be meaningful, and people can still be splitting hairs over them, but in most cases it's almost the same

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Note added at 12 mins (2017-02-21 10:41:38 GMT)
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@Asker I would say yes

Selected response from:

danya
Local time: 00:00

Grading comment

Thanks
4 KudoZ points were awarded for this answer

SUMMARY OF ALL EXPLANATIONS PROVIDED

4 +4

use as security

danya

Discussion entries: 2

Answers

1 min confidence:

peer agreement (net): +4

use as security

danya
Local time: 00:00
Works in field
Native speaker of:

Russian
PRO pts in category: 16

Grading comment

Thanks

Notes to answerer

Asker: thank you, so, do you mean that both, in this context, have the same reference?

Asker: Appreciated Danya,

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English translation: use as security

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