prima in grado

English translation: primary lien

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Italian term or phrase:	prima in grado
English translation:	primary lien
Entered by:	Sandy Carpenter

10:00 Apr 22, 2021

Italian to English translations [PRO]
Bus/Financial - Finance (general) / Mortgage loan agreement

Italian term or phrase: prima in grado

This is from a mortgage loan agreement and appears in the part outlining the Borrower's obligations, specifically the obligation to provide evidence that the registered mortgage is **prima in grado**.

The whole sentence in Italian is:

"La Parte Mutuaria si obbliga a fornire la prova che l’ipoteca iscritta a garanzia del mutuo risulti prima in grado e senza concorrenti"

Is it perhaps referring to the fact of it being a first mortgage (i.e. the original loan taken out on the property)?

Any help much appreciated thanks!

Sandy Carpenter KudoZ activity Questions: 47 (none open) (2 without valid answers) (8 closed without grading) Answers: 64 Spain
Local time: 09:07

primary lien

Explanation:
or first mortgage. Registration establishes the priority of the security right - on a first recorded first come basis. A mortgage is basically a secured loan.

Selected response from:

Alison Kennedy
Italy
Local time: 09:07

Grading comment

Thanks for your help. Much appreciated :)
4 KudoZ points were awarded for this answer

Summary of answers provided

4 +2

primary lien

Alison Kennedy

is a first mortgage without encumbrances

Wolfgang Hager

Answers

4 mins confidence:

peer agreement (net): +2

primary lien

Explanation:
or first mortgage. Registration establishes the priority of the security right - on a first recorded first come basis. A mortgage is basically a secured loan.

Alison Kennedy
Italy
Local time: 09:07
Specializes in field
Native speaker of:

English
PRO pts in category: 334

Grading comment

Thanks for your help. Much appreciated :)

51 mins confidence:

is a first mortgage without encumbrances

Explanation:
this is the technical terminology

Wolfgang Hager
Italy
Local time: 09:07
Specializes in field
Native speaker of:

German
PRO pts in category: 36

Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

Return to KudoZ list

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

See also:

ProZ.com term search

Search millions of term translations

prima in grado

English translation: primary lien

Answers

KudoZ™ translation help

Your current localization setting

Select a language

prima in grado

English translation: primary lien

Answers

KudoZ™ translation help

You have native languages that can be verified

Your current localization setting

Select a language