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17:23 Aug 6, 2012 |
Polish to English translations [PRO] Law/Patents - Law: Contract(s) | |||||||
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| Selected response from: TechLawDC United States Local time: 10:12 | ||||||
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Summary of answers provided | ||||
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4 | variable collateral |
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Discussion entries: 1 | |
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variable collateral Explanation: Determination of the value of variable collateral: -------------------------------------------------- Note added at 24 mins (2012-08-06 17:47:53 GMT) -------------------------------------------------- ... calculated ... in the course of the hypothecation agreement. All activities associated with the calculation of the value of the variable collateral are (will be) carried out by the bank itself, and, including the calculated value of the collateral, these activities are (will be) binding upon the parties [i.e. are (will be) valid unless immediately challenged]. -------------------------------------------------- Note added at 33 mins (2012-08-06 17:56:29 GMT) -------------------------------------------------- Definition for hypothecation: Web definitions: (hypothecate) pledge without delivery or title of possession. wordnetweb.princeton.edu/perl/webwn --- Collateral: Something pledged as security for repayment of a loan. |
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