GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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12:10 Feb 8, 2001 |
Polish to English translations [PRO] Bus/Financial | |||||||
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| Selected response from: Natalie Poland Local time: 13:41 | ||||||
Grading comment
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Summary of answers provided | ||||
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5 | cap (ceiling) mortgage |
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na +1 | mortgage for an amount up to a cap |
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na | real estate mortgage securing an existing or future claim |
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real estate mortgage securing an existing or future claim Explanation: Jest to często spotykana forma zabezpieczenia np. kredytu przez bank. W�asna wiedza S�ownik terminologii prawniczej |
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mortgage for an amount up to a cap Explanation: Security over the property is taken by way of a mortgage which is registered. There are two main forms of mortgage available to lenders in this context:- a mortgage for a fixed amount (Hipoteka zwykła) where the mortgage is fixed to the amount of the indebtedness which is known at the time of execution of the mortgage; and a mortgage for an amount up to a cap (Hipoteka kaucyjna) where the indebtedness may not be known on day one and consequently a cap of liability is inserted. http://www.wonet.com.pl/outlook/cameron_.html |
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Grading comment
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2230 days confidence:
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