cauza de preferinta

09:24 Nov 19, 2015
Romanian to English translations [PRO]
Bus/Financial - Accounting
Romanian term or phrase: cauza de preferinta
creante care beneficiaza de o cauza de preferinta sunt acele creante care sunt insotite de un privilegiu si/sau de un drept de ipoteca si/sau de drepturi asimilate ipotecii, potrivit art.2347 din Codul civil, si/sau de un drept de gaj asupra bunurilor din patrimoniul debitorului, indiferent daca acesta este debitor principal sau tert garant fata de persoanele beneficiare ale cauzelor de preferinta. In cazul in care debitorul este tert garant, creditorul care beneficiaza de o cauza de preferinta va exercita drepturile corelative numai in ceea ce priveste bunul sau dreptul respectiv. Aceste cauze de preferinta au intelesul dat lor de Codul civil, daca prin lege speciala nu se prevede altfel
roxanamara
Local time: 13:44


Summary of answers provided
4cause of preference
Claudia Coja
3basis of priority
Adrian MM. (X)


  

Answers


4 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
basis of priority


Explanation:
... of the (unsecured) debt

Cauza in Romance languages can often mean: consideration, namely as a quid pro quo in return.


    Reference: http://legeaz.net/noul-cod-civil/art-2327-cauzele-de-preferi...
Adrian MM. (X)
Local time: 12:44
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8
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5 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
cause of preference


Explanation:
http://jolas.ro/wp-content/uploads/2014/12/jolas2a2.pdf

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Note added at 5 ore (2015-11-19 14:56:21 GMT)
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If the creditors rank equally, the price is distributed proportionately to their claims, unless some of them have a legal cause of preference.
https://www.uncitral.org/pdf/english/colloquia/3rdSecTrans/R...

In view of these statutes, such an allowance seems clearly an unauthorized invasion of the rights of the general creditors in and to the property of their debtor, in favor of another creditor who has no lawful cause of preference; that is, no privilege or mortgage, quoad such allowance.
http://law.justia.com/cases/federal/district-courts/F2/21/43...

The indebtedness being created by the Bonds ranks after these bank borrowings. In addition, the Bonds would also rank after any future debts which may be secured by a cause of preference such as a pledge, mortgage, privilege and/or a hypothec.
http://6pmsolutions.com/content/profiles/6PM-SUMMARY-NOTE-20...

Claudia Coja
Local time: 12:44
Native speaker of: Native in RomanianRomanian
PRO pts in category: 32

Peer comments on this answer (and responses from the answerer)
neutral  Peter Shortall: The "English" in that Romanian link is so obviously full of mistakes that I'd be wary of relying on it as a source of terminology!
4 hrs
  -> daca intr-un material exista SI greseli, asta nu inseamna neaparat ca tot ce este scris in material este gresit. Mea culpa, trebuia sa caut o referinta mai credibila - intre timp mi-am facut timp sa caut si alte referinte.
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