Glossary entry (derived from question below)
French term or phrase:
guarante solidaire mais simplement hypothécaire
English translation:
Joint guarantor but simply in respect of mortgage collateral
Added to glossary by
Karen Vincent-Jones (X)
Jul 19, 2010 17:43
14 yrs ago
2 viewers *
French term
guarante solidaire mais simplement hypothécaire
French to English
Bus/Financial
Law: Contract(s)
calling in of loan
This is a complicated French legal document involving mortgages and remortgages between different companies with similar names.
The sentence reads: "La societe RM s'est constituee garante solidaire mais simplement hypothecaire de la societe Groupe RM envers la societe CPP a concurrence de 0000 euros en principe."
I can't get my head round what's going on here: RM is joint guarantor with Groupe RM, but who is the mortgage holder?
Any help gratefully received.
The sentence reads: "La societe RM s'est constituee garante solidaire mais simplement hypothecaire de la societe Groupe RM envers la societe CPP a concurrence de 0000 euros en principe."
I can't get my head round what's going on here: RM is joint guarantor with Groupe RM, but who is the mortgage holder?
Any help gratefully received.
Proposed translations
(English)
| 3 +1 | Joint guarantor but simply in respect of mortgage collateral |
Valentina Viganò
|
| 4 | ...is a joint and several guarantor... of hypothecary claims |
wfarkas (X)
|
Change log
Jul 19, 2010 19:19: Stéphanie Soudais (X) changed "Term asked" from "guarante solidaire mais simplement hypothecaire" to "guarante solidaire mais simplement hypothécaire"
Proposed translations
+1
40 mins
Valentina Viganò
Italy
Italy
Native in English
Specializes in field
Italy
Experienced translator: from Law to Lit.
Native in: English 
, Italian
Works in: Italian to English, English to Italian, French to English, and 1 more.
Related KudoZ points
:
27
French term (edited):
guarante solidaire mais simplement hypothecaire
Selected
Joint guarantor but simply in respect of mortgage collateral
for the RM Group in respect of CPP for xxx euros of principal.
Guarante refers to both solidaire and hypothecaire, I believe, see reference for garantie hypothecaire.
Guarante refers to both solidaire and hypothecaire, I believe, see reference for garantie hypothecaire.
Note from asker:
| Thank you Valentina, this seems to make most sense here. |
4 KudoZ points awarded for this answer.
Comment: "Thank you again, Valentina, for your help"
1 hr
French term (edited):
guarante solidaire mais simplement hypothecaire
...is a joint and several guarantor... of hypothecary claims
Société RM is a joint and several guarantor of Groupe RM’s indebtedness to Société CPP, but only to the extent of hypothecary claims (in Civil Law jurisdictions);
or ...
...mortgage claims (in Common Law jurisdictions)
--------------------------------------------------
Note added at 1 hr (2010-07-19 19:29:08 GMT)
--------------------------------------------------
"solidaire" in Civil Law jurisdictions: = "joint and several" in Common Law jurisdictions.
The dilemma here is that the French source text concept (Civil Law) is carried over into Common Law .
or ...
...mortgage claims (in Common Law jurisdictions)
--------------------------------------------------
Note added at 1 hr (2010-07-19 19:29:08 GMT)
--------------------------------------------------
"solidaire" in Civil Law jurisdictions: = "joint and several" in Common Law jurisdictions.
The dilemma here is that the French source text concept (Civil Law) is carried over into Common Law .
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