Nedlysning

English translation: relegation in registered priority: downgrading > to rank lower in priority

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Danish term or phrase:Nedlysning
English translation:relegation in registered priority: downgrading > to rank lower in priority
Entered by: Adrian MM.

17:03 Feb 7, 2021
Danish to English translations [PRO]
Bus/Financial - Finance (general) / Mortgages
Danish term or phrase: Nedlysning
Tinglysning af dette pantebrev sker på vilkår om aflysning eller nedlysning af det angivne pantebrev.

https://domstol.dk/tinglysningsretten/tingboegerne/fast-ejen...
Diarmuid Kennan
Ireland
Local time: 08:40
relegation in priority: downgrading > to rank lower in priority
Explanation:
compare 'tacking' in Anglo-Irish law: a mortgagee alias mortgage lender with a first and third charge over the same property - to secure further advances - can 'tack', so move up charge three to first spot, so pushing or moving down > 'relegating' a second charge regd, by another mortgage lender. Over different properties, the process is called 'consolidation' of mortgages: Scots > standard security.

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Note added at 5 heures (2021-02-07 22:40:59 GMT)
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... in *registered* priority ...
Selected response from:

Adrian MM.
Austria
Grading comment
Thanks Adrian
4 KudoZ points were awarded for this answer



Summary of answers provided
3relegation in priority: downgrading > to rank lower in priority
Adrian MM.
2devaluation
Brent Sørensen


Discussion entries: 1





  

Answers


37 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5
devaluation


Explanation:


nedlyse = nedskrive værdi ved fornyet tinglysning
https://ordnet.dk/ods/ordbog?query=nedlyse




Brent Sørensen
Germany
Local time: 09:40
Native speaker of: Native in EnglishEnglish
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5 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
relegation in priority: downgrading > to rank lower in priority


Explanation:
compare 'tacking' in Anglo-Irish law: a mortgagee alias mortgage lender with a first and third charge over the same property - to secure further advances - can 'tack', so move up charge three to first spot, so pushing or moving down > 'relegating' a second charge regd, by another mortgage lender. Over different properties, the process is called 'consolidation' of mortgages: Scots > standard security.

--------------------------------------------------
Note added at 5 heures (2021-02-07 22:40:59 GMT)
--------------------------------------------------

... in *registered* priority ...

Example sentence(s):
  • Protection and priority by legal estates and tacking not allowed 1a, 3a. Irish Conveyancing Statutes.
  • Det tidligere pantebrev eller afgiftspantebrev skal være nedlyst eller aflyst senest et år efter anmeldelsen af det nye pantebrev.

    Reference: http://skat.dk/skat.aspx?oid=2287107
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 16
Grading comment
Thanks Adrian
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