gjeldsbrev med salgspant

English translation: promissory note with a lien

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Norwegian term or phrase:gjeldsbrev med salgspant
English translation:promissory note with a lien
Entered by: tihomir

22:41 Apr 25, 2018
Norwegian to English translations [PRO]
Bus/Financial - Finance (general) / loans
Norwegian term or phrase: gjeldsbrev med salgspant
the title of a form issued by a financial institution
tihomir
Iceland
promissory note with a lien
Explanation:
this is a "promissory note with a lien"

A "salgspant" is literally a "sales-lien,” i.e. lien with the right to sell the hypothecated property.

The Norwegian rules "salgspant" and on retention of title are found in the Mortgages and Pledges Act.

It could be asserted that a lien gives the holder only a right to take over the property and not the power to sell, however this right is conferred by general practice in Norway. So you don't have to add "sales" to lean, but may want to for clarity.
Selected response from:

Charlesp
Sweden
Local time: 22:45
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
5promissory note with a lien
Charlesp


  

Answers


13 days   confidence: Answerer confidence 5/5
promissory note with a lien


Explanation:
this is a "promissory note with a lien"

A "salgspant" is literally a "sales-lien,” i.e. lien with the right to sell the hypothecated property.

The Norwegian rules "salgspant" and on retention of title are found in the Mortgages and Pledges Act.

It could be asserted that a lien gives the holder only a right to take over the property and not the power to sell, however this right is conferred by general practice in Norway. So you don't have to add "sales" to lean, but may want to for clarity.

Charlesp
Sweden
Local time: 22:45
Specializes in field
Native speaker of: English
PRO pts in category: 20
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