GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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17:03 Feb 7, 2021 |
Danish to English translations [PRO] Bus/Financial - Finance (general) / Mortgages | |||||||
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| Selected response from: Adrian MM. Austria | ||||||
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Summary of answers provided | ||||
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3 | relegation in priority: downgrading > to rank lower in priority |
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2 | devaluation |
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Discussion entries: 1 | |
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devaluation Explanation: nedlyse = nedskrive værdi ved fornyet tinglysning https://ordnet.dk/ods/ordbog?query=nedlyse |
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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):
Reference: http://skat.dk/skat.aspx?oid=2287107 |
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