Oct 25, 2019 10:32
4 yrs ago
Spanish term

libres de garantia

Spanish to English Bus/Financial Finance (general) corporate quarterly report
Así, la empresa mejoró el perfil de su deuda con una vida promedio que incrementó de 1 a 8 años y liberó P$xxxxxm de activos con garantías hipotecarias, dejando aproximadamente 87% de los activos inmobiliarios libres de garantía.

Proposed translations

+2
1 hr
Selected

not pledged as collateral

As I understand it, this is a borrower, not a lender. My reading is that, as a result of restructuring their debt, they now have 87% of their real estate assets not pledged as collateral.
Peer comment(s):

agree philgoddard : Or unsecured.
6 hrs
Thanks Phil, though I think "secured/unsecured" refers to the loan, not to the collateral securing it
agree AllegroTrans
7 hrs
Thanks
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4 KudoZ points awarded for this answer. Comment: "Selected automatically based on peer agreement."
+1
5 hrs

(BrE) uncharged; lien-free

activos inmobiliarios - the company's fixed assets uncharged (unmortgaged with a *fixed or floating* charge)

... mobiliarios - unfixed/ personal hire-purchase etc. assets uncharged or non-collateralis/zed.

Pawns and pledges I tend to associate with temporary cashflow needs covered by the charging of *chattels* and not fixed assets or land, even though lawyers, ins.cos. and banks will refer to the pledging (the ENG co. law texbook term is mortgaging) of company shares.



Example sentence:

If the value of the asset is more than the total agreement price less any repayments made, you should show the surplus value of the asset as an 'Uncharged Asset ' on page A and write nothing on page A1.

Lien Free; Assumption of Liabilities. The Acquired Assets shall be transferred to Buyer by the Seller on the Closing Date free and clear of all Liens.

Peer comment(s):

agree AllegroTrans : lien-free would be comprehensible cross-pond, I imagine
3 hrs
Thanks. That's why I - not finding any US authority for 'unliened' - didn't preface lien-free as AmE.
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