Sicherheiten verwerten - to realize/liquidate security/collateral ( translation glossary) payments default,Finance (général),Affaires / Finance

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ENTRÉE DU GLOSSAIRE (VENANT DE LA QUESTION CI-DESSOUS)

Terme ou expression en allemand :	Sicherheiten verwerten
Traduction en anglais :	to realize/liquidate security/collateral
Entrée par :	Steffen Walter

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15:01 Nov 9, 2005

traduction allemand vers anglais [PRO]
Bus/Financial - Finance (général) / payments default

Terme ou expression en allemand : Sicherheiten verwerten

"...bereits im Rahmen des von dem Zahlungsverzug betroffenen Vertrages gestellte Sicherheiten in Höhe der verzögerten Zahlung zu verwerten..."

Provisionally translated as "turn to account".

Please confirm or provide a different suggestions. Please provide references if possible.
TIA

Alexander Schleber

Activité KudoZ
Questions : 600 (15 ouverte(s))
4 closed without grading
Réponses : 4079

Belgique

realize security

Explication :
The security given by the debtor is realized to cover the payments default.

Réponse sélectionnée de :

Richard Hall
Italie

Note du demandeur au répondeur

Thanks to all.
4 points KudoZ ont été attribués à cette réponse

Résumé des réponses proposées

5 +3

realize security

Richard Hall

utilize

gangels

dispose of collateral

Michael Rose

(collateral) liquidate

Terry Gilman

to exploit/take advantage of

Jonathan MacKerron

Réponses

6 minutes confiance :

approbation des pairs (net) : +3

(Sicherheiten) verwerten

realize security

Explication :
The security given by the debtor is realized to cover the payments default.

Richard Hall
Italie
Spécialisé dans le domaine
Langue maternelle : anglais
Points PRO dans la catégorie : 24

Note du demandeur au répondeur

Thanks to all.

11 minutes confiance :

(Sicherheiten) verwerten to exploit/take advantage of

Explication :
??

Jonathan MacKerron
Allemagne
Langue maternelle : anglais
Points PRO dans la catégorie : 111

14 minutes confiance :

(Sicherheiten) verwerten dispose of collateral

Explication :

perhaps "dispose" fits better here

Référence : http://www.poznaklaw.com/articles/loanpa.htm
Référence : http://www.parl.gc.ca/common/Bills_ls.asp?Parl=37&Ses=1&ls=S...

Michael Rose
Allemagne
Spécialisé dans le domaine
Langue maternelle : anglais, allemand
Points PRO dans la catégorie : 48

2 heures confiance :

utilize

Explication :
or to credit

gangels
États-Unis
Spécialisé dans le domaine
Langue maternelle : anglais, allemand
Points PRO dans la catégorie : 178

4 heures confiance :

(Sicherheiten) verwerten (collateral) liquidate

Explication :
http://www.cherokee.org/Services/CommerceService.asp?ID=170

Collateral
Collateral is something you pledge to secure the loan. All lenders require collateral on business loans. If you do not pay back your loan for any reason, the lender will take the collateral and liquidate (sell) it to reduce your loan.
Our business loans must be 100% collateralized. This means you must be able to offer us collateral that has a liquidation value equal to the loan amount. Not all things have a collateral value and not all assets have a collateral value equal to their cost. Generally, the collateral value of an item is based on the market value (the amount of cash received if the collateral is sold). Please contact our staff at (918) 456-0671, extension 2536 or 2533 or (800) 256-0671, extension 2536 or 2533 for assistance in determining collateral value of assets.

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Note added at 4 hrs 16 mins (2005-11-09 19:17:50 GMT)
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http://www.scu.edu/law/FacWebPage/Neustadter/article9/main/c...

Enabling a secured creditor to forcibly control and liquidate collateral in the event of default is the primary function of the legal rules governing secured debt (both the non-uniform real property rules and the rules of U.C.C. Article 9). But the secured creditor will not always act in cases of default, particularly if it is not concerned about the general financial strength of the debtor or the debtor's willingness to pay the debt. Moreover, even where the secured creditor wishes to act, forced control and liquidation is almost invariably the last resort for dealing with a debtor's default. Empirical evidence gathered and analyzed by law professor Ronald Mann confirms anecdotal evidence about the infrequent use of force as a response to default. R.Mann, Strategy and Force in the Liquidation of Secured Debt, 96 Mich. L. Rev. 159 (1997). His study included a sample of distressed commercial loans, secured by real property, made by a large national life insurance company. In that sample, the insurance company took control of the collateral, either through foreclosure or a deed in lieu of foreclosure, in six cases (only 32% of the sample), and in each case it suffered significant losses, ranging from a 42% loss ($3.5 million on an $8.5 million loan) to a 100% loss ($6 million on a $6 million loan). Id. at 210 n.16. In many cases of default in payment, the insurance company allowed the debtor to remain in possession after negotiating a "workout." Id. at 208-09. Workouts are common responses to default because they frequently will net the secured creditor greater recovery on the debt than forcible control and litigation. Workouts take a variety of different forms depending upon the circumstances of the individual case. Workouts may involve payment concessions by the creditor, including reduction in the principal amount owing, an extension of time to pay, or an adjustment of interest rate, and may also involve immediate or prompt partial payments or other contributions by the debtor.

Terry Gilman
Allemagne
Langue maternelle : anglais
Points PRO dans la catégorie : 12

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allemand: Sicherheiten verwerten

anglais translation: to realize/liquidate security/collateral