Glossary entry (derived from question below)
Spanish term or phrase:
cancelación de prenda sin desplazamiento
English translation:
cancellation of the non-possesory pledge (or) registered security interest
Added to glossary by
AliciaJuana
Jan 16, 2017 09:04
7 yrs ago
3 viewers *
Spanish term
Not a translator
Philippines
Philippines
Native in: Tagalog 
, English
Works in: Spanish to English, English to Tagalog, Tagalog to English
cancelación de prenda sin desplazamiento
Spanish to English
Bus/Financial
Government / Politics
registry
This is from the commercial registry of El Salvador.
Source: http://www.cnr.gob.sv/documentos/rc/enero_febrero_2015/Cance...
Source: http://www.cnr.gob.sv/documentos/rc/enero_febrero_2015/Cance...
Proposed translations
(English)
| 5 +2 | cancellation of the non-possesory pledge (or) registered security interest |
Rebecca Jowers
|
Proposed translations
+2
15 mins
Rebecca Jowers
Spain
Spain
Native in English
Works in field
Spain
30 yrs experience legal-commercial
Native in: English 
Works in: English to Spanish, Spanish to English
Related KudoZ points
:
104
Selected
cancellation of the non-possesory pledge (or) registered security interest
What in many Spanish-speaking jurisdictions is known as "prenda sin desplazamiento de la posesión" is generally rendered as "non-possesory pledge" and is a type of registered security interest.
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Note added at 25 mins (2017-01-16 09:29:35 GMT)
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From a Spanish source: "...The product of these tendencies was the Law of 16 December 1954 regulating the non-possesory pledge ('prenda sin desplazamiento') ...the key factor to reinforce the system lies in the erga omnes effects of the registered security interest."
Teresa Rodríguez de las Heras Ballell. "Introduction to Spanish Private Law." London: Routledge Cavendish, 2010, p. 209.
(Several Spanish sources have invented a literal translation --"pledge without displacement"-- which is fairly meaningless, although much copied.)
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Note added at 25 mins (2017-01-16 09:29:35 GMT)
--------------------------------------------------
From a Spanish source: "...The product of these tendencies was the Law of 16 December 1954 regulating the non-possesory pledge ('prenda sin desplazamiento') ...the key factor to reinforce the system lies in the erga omnes effects of the registered security interest."
Teresa Rodríguez de las Heras Ballell. "Introduction to Spanish Private Law." London: Routledge Cavendish, 2010, p. 209.
(Several Spanish sources have invented a literal translation --"pledge without displacement"-- which is fairly meaningless, although much copied.)
4 KudoZ points awarded for this answer.
Comment: "Thank you!"
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