Glossary entry (derived from question below)
German term or phrase:
unbedingte Verpfändung
English translation:
unconditional security deposit
German term
unbedingte Verpfändung
absolute pledge??
Proposed translations
unconditional security deposit
landlords.about.com › ... › Advice for Current and Prospective Landlords
A security deposit is a refundable deposit that a tenant pays to their landlord before they move into a property (See Also: The Basics of the Security Deposit).
My landlord won't return my security deposit, what can I do ...
www.which.co.uk/.../my-landlord-wont-return-my-security-dep...
If you're in dispute with your landlord over a security deposit you can use an ... to Rent guide, which includes some useful tips for both landlords and tenants.
Keeping a tenant's deposit | Housing Advice NI
www.housingadviceni.org/advice-landlords/security-deposits
A security deposit belongs to a tenant. You should look at this money in the same way that you would an insurance policy. You have no right to the money unless ...
My
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Note added at 40 mins (2015-04-07 20:13:27 GMT)
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Sparkasse Mietkautionssparbuch - Mietkaution.org
www.mietkaution.org › ... › Mietkautionssparbücher
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Grundsätzlich sind zwei Varianten möglich, die Eröffnung des Kontos durch den Mieter bei gleichzeitiger Verpfändung zugunsten des Vermieters oder aber die ...
Mietsicherheit Berliner Mieterverein e.V.
www.berliner-mieterverein.de/.../12014agmitte8911.h...
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Eine Verpfändungserklärung, die die Auszahlung auch ohne Nachweis der Fälligkeit ... Ein solcher Fall liegt nicht vor, wenn der Mieter die gesicherte Forderung, über die ... Für diesen Fall würde sein zeitlich unbegrenzter bzw. unbedingter
absolute hypothecation
Category: Search Engines (82% sure)
Score: 92% trustworthy Reports of Cases Argued and Decided in the Supreme Court ...
https://books.google.com/books?id=_5MDAAAAQAAJ
United States. Supreme Court, Stephen Keyes Williams, Edwin Burritt Smith - 1884 - Law reports, digests, etc
... the first question which arises is, whether he had power to hypothecate the ves ... by his own act, an absolute hypothecation of the vessel as security for a loan.
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Note added at 24 mins (2015-04-07 19:57:45 GMT)
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DEFINITION of 'Hypothecation'
The established practice of a borrower pledging an asset as collateral for a loan, while retaining ownership of the assets and enjoying the benefits therefrom. With hypothecation, the lender has the right to seize the asset if the borrower cannot service the loan as stipulated by the terms in the loan agreement. Hypothecation also refers to securities in a margin account that an investor uses as collateral to borrow funds from a brokerage.
INVESTOPEDIA EXPLAINS 'Hypothecation'
Since the practice of hypothecation provides security to the lender because of the collateral pledged by the borrower, the lender generally offers the loan at a lower rate of interest than on an unsecured loan.
Mortgages and margin loans are the most common examples of hypothecation. While it enables the borrower to obtain loans on more favorable terms than unsecured loans, the borrower risks losing the asset if prices plunge precipitously and the loan cannot be serviced. For example, a record number of U.S. homeowners lost their homes to foreclosure in the wake of the 2006-08 housing collapse and financial crisis, as home prices plunged and interest rates on mortgages rose.
Read more: http://www.investopedia.com/terms/h/hypothecation.asp#ixzz3W...
Follow us: @Investopedia on Twitter
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Note added at 29 mins (2015-04-07 20:02:54 GMT)
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It appears to be in use in US legalese.
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Note added at 34 mins (2015-04-07 20:07:14 GMT)
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Hypothecation means pledging an asset as collateral for a loan.
If you use a margin account to buy on margin or sell short, for example, you pledge securities (stocks, bonds, or other financial instruments) as collateral for the debt. If the brokerage firm issues a margin call that you don't meet, it can sell those securities to cover its losses.
Similarly, if you arrange a mortgage on your home, you give the lender the right to sell your home if you fail to meet your obligation to make mortgage payments.
Hypothecation may make it easier for you to secure a loan, but you do run the risk of losing the asset if for some reason you default on your obligation to repay according the terms of the agreement.
Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
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AllegroTrans
: "hypothecation", albeit it is a word, is simply not used in English legalese, and certainly not in respect of tenancy security deposits
2 mins
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then please provide an answer for the asker if you happen to know the answer.
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absolute assignment of an account by way of security
1. assigned
2. pledged
3. mortgaged (Scots: hypothecated') or generally
4. charged by way of a conditional bill of sale etc.
http://www.proz.com/?sp=gloss/term&id=10438804
http://www.out-law.com/en/topics/financial-services/banking/security-in-finance-transactions/
unconditional deposit in escrow
When the farmer and purchaser intend the escrow account to be the source of payment for the farmer, they presumably agree that the sale proceeds from the agricultural product are to be placed in an unconditional and irrevocable escrow account1
http://www.econ.iastate.edu/~harl/UsingEscrowAccounts.pdf
http://legal-dictionary.thefreedictionary.com/Escrow+account
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