Glossary entry (derived from question below)
German term or phrase:
Nachrückungsrecht
English translation:
right to move mortgage to higher order of priority
Added to glossary by
Hannah Gunasingh
Jul 11, 2008 07:22
15 yrs ago
24 viewers *
German term
India
Accurate, Fast and Reliable
Native in: English (Variants: British, Indian, US) 
Works in: German to English, English to German, French to English, and 9 more.
Nachrückungsrecht
German to English
Law/Patents
Law: Contract(s)
Pfandrecht/Swiss
"Die Ränge der Grundpfandrechte bleiben grundsätzlich unabhängig davon konstant, ob neue Pfandrechte auf dem Grundstück errichtet oder bisherige Pfandrechte gelöscht werden. Möglich bleibt jedoch die Vereinbarung eines Rangrücktritts bzw. eines Nachrückungsrechts"
Proposed translations
(English)
| 3 | right to move mortgage to higher order of priority |
casper (X)
|
| 4 | (gen.) roll-up right; (spec.) tacking right |
Adrian MM. (X)
|
| 3 | mortgagee's/lienholder's superseding right |
Highest Quality
|
Proposed translations
1 hr
Selected
right to move mortgage to higher order of priority
right to move mortgage to higher order of priority / Nachrückungsrecht / droit d'avancement à un rang antérieur / diritto di subentrare in un grado anteriore
Right of the creditor next in order of priority to move up to the vacant place in the land register.
http://www.ubs.com/1/e/about/bterms/content_r.html
Right of the creditor next in order of priority to move up to the vacant place in the land register.
http://www.ubs.com/1/e/about/bterms/content_r.html
4 KudoZ points awarded for this answer.
Comment: "Thanks!"
11 hrs
(gen.) roll-up right; (spec.) tacking right
Could be CH/Switzerland.
Tacking: the mortgagee of the *same* piece of the mortgagor's land can roll up mortgage advances to the highest one in priority.
Consolidation: the same mortgagee of *different* tracts of land owned by the same mortgagor can join up mortgage advances over all of them and claim priority of payment (satisfaction) en bloc.
Example sentence(s):
Tacking is a technical legal concept arising under the common law relating to ... The mortgage is expressed to secure this advance and any future advances. ...
Tacking: the mortgagee of the *same* piece of the mortgagor's land can roll up mortgage advances to the highest one in priority.
Consolidation: the same mortgagee of *different* tracts of land owned by the same mortgagor can join up mortgage advances over all of them and claim priority of payment (satisfaction) en bloc.
Example sentence(s):
Tacking is a technical legal concept arising under the common law relating to ... The mortgage is expressed to secure this advance and any future advances. ...
Reference:
1 day 15 hrs
mortgagee's/lienholder's superseding right
sounds more elegant to me
Discussion