Dec 10, 2023 21:01
5 mos ago
8 viewers *
Danish term
valgfrihed
Danish to English
Law/Patents
Real Estate
Security Pledge Statement
Hi - I was hoping to find some clarification regarding the following. It looks like "the bank is free to choose how to utilize the pledge in relation to the debtor's total exposure". Am I missing anything? Thanks for your help!
[banken] har ingen pligt til forlods at søge dækning i det stillede pant, ligesom [banken] har valgfrihed med hensyn til anvendelsen i forhold til debitors samlede engagement
[banken] har ingen pligt til forlods at søge dækning i det stillede pant, ligesom [banken] har valgfrihed med hensyn til anvendelsen i forhold til debitors samlede engagement
Proposed translations
(English)
| 3 | freedom of choice| BrE> at liberty; right of election |
Adrian MM.
|
| 5 | Free to choose |
Louise Jørgensen
|
Proposed translations
2 hrs
Adrian MM.
Austria
Austria
Native in English
Specializes in field
Austria
Retd.T&I, Barrister & Austro-Advokat
Native in: English (Variants: British, Scottish) 
Works in: Spanish to English, English to Spanish, French to English, and 5 more.
Related KudoZ points
:
36
Selected
freedom of choice| BrE> at liberty; right of election
valgfrihet> option, Bailey.
First things first, I'm unsure if, in the USA, a real estate mortgage / lien would be labelled a pledge. Cut to Rod Steiger's legendary movie of the 'Pawnbroker'.
[banken] har ingen pligt til forlods at søge dækning i det stillede pant, ligesom [banken] har valgfrihed med hensyn til anvendelsen i forhold til debitors samlede engagement :
[the bank] is under no duty in advance/ not pre-required/ to seek cover out of the collateral security posted (BrE: put up or furnished), besides which [the bank] is *at liberty* with regard to the way it (US: the property lien; UK: land charge -> lien is used for goods, co. shares and motor cars classifiable for US tax purposes ? as 'personal real estate') is used in relation to the borrower's (US: lienor's / UK: chargor's) aggregate exposure.
First things first, I'm unsure if, in the USA, a real estate mortgage / lien would be labelled a pledge. Cut to Rod Steiger's legendary movie of the 'Pawnbroker'.
[banken] har ingen pligt til forlods at søge dækning i det stillede pant, ligesom [banken] har valgfrihed med hensyn til anvendelsen i forhold til debitors samlede engagement :
[the bank] is under no duty in advance/ not pre-required/ to seek cover out of the collateral security posted (BrE: put up or furnished), besides which [the bank] is *at liberty* with regard to the way it (US: the property lien; UK: land charge -> lien is used for goods, co. shares and motor cars classifiable for US tax purposes ? as 'personal real estate') is used in relation to the borrower's (US: lienor's / UK: chargor's) aggregate exposure.
Example sentence:
A property lien is a legal claim on assets that allows the holder to obtain access to the property if debts are not paid.
4 KudoZ points awarded for this answer.
Comment: "Thanks for your help!"
15 hrs
Louise Jørgensen
Denmark
Denmark
Native in Danish
Denmark
EN>DA Marketing, Medical & Technical
Native in: Danish (Variant: Standard (rigsdansk)) 
Works in: English to Danish, Danish, Danish to English
Related KudoZ points
:
4
Free to choose
As a Danish native, I will say that your translation of "Valgfrihed" > "free to choose" is the most correct form you can use. It's rather the choice of the term "valgfrihed" in the Danish text, there's a little off in this context. Normally we would write "frit valg".
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