Translations for „pledged asset“ in the English » German Dictionary

pledged asset N ECON LAW

Specialized Vocabulary

pledged asset

Pfandsache f

Examples from the PONS Dictionary (editorially verified)

pledged asset

Pfandsache f

Monolingual examples (not verified by PONS Editors)

English

In other words, the bearer of the expenses in bankruptcy proceedings is the pledged asset itself, not the pledge creditor.

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The only thing a lender can do if someone defaults is recover any pledged assets (house/car).

business.time.com

Every day the company controller reported the current balances of the pledged assets to the bank, and cash as it came in was regularly deposited in an affiliated bank.

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The rationale underlying the decisions applies not only to financing involving real property, but presumably to any financing involving a sale power of attorney for a pledged asset.

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If the holder of pledge sells or disposes of the pledged assets when not entitled to do so, they may be liable in conversion to the pledgor.

en.wikipedia.org

The new regulation seems to be a useful way of simplifying the specifications of pledged assets in security agreements.

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Because the pledged asset is a sum of money, it can be evaluated precisely and the lender can not unduly benefit at the expense of the borrower.

www.mondaq.com

However, it does not fully solve the problem because there are costs associated with seizing the pledged asset.

en.wikipedia.org

This sale power of attorney is to facilitate realisation of the pledged asset in the event of default, without any involvement required on the side of the pledgor.

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But the banks then take pledged assets and use them for their own purpose rather than the client's.

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