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Thread: doubts

 
  1. #1
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    Default doubts

    Hi! I have a doubt reagarding these words and phrases (I'm talking about property)
    ownership and duties toward property
    security interest (garantía?)
    first priority status in the property
    Thank you!
    Patry

  2. #2
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    Hi Patry,
    security interest: garantía real, derecho real de garantía
    first priority status in the property:tener el derecho de preferencia sobre la propiedad. (the individual who enjoys that status -a creditor- has first priority over the claim of any other of general or secured creditor)
    duties towards the property: obligaciones hacia la propiedad.
    Regards,
    Piru

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    In Spanish, a security interest is defined as "derecho de vender un inmueble para satisfacer una deuda".

    I have seen it translated into the terms Piru indicated: garantía real, derecho real de garantía (as well as derecho de garantía real), but I have also seen it as garantía prendaria, and would like to know which term is correct, and what the differnces among these terms are.

    Thank you!
    Last edited by Azraelle; 09-09-2006 at 09:22 AM.

  4. #4
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    Azraelle,

    "Garantía prendaria" is a pledge on a movable asset. The "garantía real" in general may include real estate given as collateral as well.

    Yolanda

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