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andelsobligasjon

English translation: (AmE) condo > (BrE) commonhold > property bond

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Norwegian term or phrase:andelsobligasjon
English translation:(AmE) condo > (BrE) commonhold > property bond
Entered by: dmesnier

10:18 Nov 13, 2023
Norwegian to English translations [PRO]
Bus/Financial - Real Estate
Norwegian term or phrase: andelsobligasjon
Hi, I'm trying to verify the EN equivalent to this term. Perhaps "cooperative bond". It appears in the following sample. Thanks for your help!




Aksjeeierens leierett til bolig er uløselig knyttet til andelsretten (aksjen). Leieretten og aksjen kan ikke overdras uavhengig av hverandre, men må overdras sammen, jf. panteloven § 4-3 annet ledd. Dokumentet som gir uttrykk for andelsretten, omtales også som ”adkomstdokument”. Selve leieretten er sikret enten gjennom en aksje alene, eller ved en aksje og tilleggsdokument (ofte omtalt som ”innskuddsbevis”, ”andelsobligasjon” eller ”partialobligasjon”). Leieretten og andelsretten (aksjen) kan verken overdras eller pantsettes separat – rettighetene følger hverandre.
dmesnier
United States
Local time: 07:33
(AmE) condo > (BrE) commonhold > property bond
Explanation:
'inductively from the (AmE) condo cf. bonding for insurance purposes only (E&W) commonhold> with a share = percentage of the freehold (CanE & NZ) strata title context', rather than lingo-deductively from the Norwegian.

Contrast and compare in Swedish ett bostadsrätt ( a condo or commonhold interest, lit. a housing co-operative entitlement), the oxymoron or inherent land-law contradiction of a 'tenant owner' misleadingly accepted as the 'right' answer in first ProZ weblink.

NB obligasjon as a company / corporate debenture in financial security terms and on which first-ranking priority interest rather than second-ranking dividends on co. shares is payable.
Selected response from:

Adrian MM.
Austria
Grading comment
Brilliant, many thanks!
4 KudoZ points were awarded for this answer



Summary of answers provided
3(AmE) condo > (BrE) commonhold > property bond
Adrian MM.


  

Answers


2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
(AmE) condo > (BrE) commonhold > property bond


Explanation:
'inductively from the (AmE) condo cf. bonding for insurance purposes only (E&W) commonhold> with a share = percentage of the freehold (CanE & NZ) strata title context', rather than lingo-deductively from the Norwegian.

Contrast and compare in Swedish ett bostadsrätt ( a condo or commonhold interest, lit. a housing co-operative entitlement), the oxymoron or inherent land-law contradiction of a 'tenant owner' misleadingly accepted as the 'right' answer in first ProZ weblink.

NB obligasjon as a company / corporate debenture in financial security terms and on which first-ranking priority interest rather than second-ranking dividends on co. shares is payable.

Example sentence(s):
  • A property bond (also known as a property investment bond) is a secured loan between an investor and a property development or investment company.

    Reference: http://www.proz.com/kudoz/swedish-to-english/law-general/232...
    Reference: http://fcainsurance.com/process-for-condominium-bonding/
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 18
Grading comment
Brilliant, many thanks!
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