Mar 20, 2020 20:46
4 yrs ago
36 viewers *
Spanish term
Argentina
Translating with love
Native in: Spanish (Variants: Latin American, Argentine) 
Works in: English to Spanish, Spanish to English
"Anticrético"
Spanish to English
Law/Patents
Law: Contract(s)
Lease, sale
It's part of Bolivian contract law. Loan for owner, lease for tenant, all in the same contract.
I can quote the explanation of the term in Spanish, but, as you may see below, the word is not translated into English. Note: This is not the text I need to translate. I need the translation of Anticrético into English or any set of words you may have used to replace it that is not too lenghty as there are space restrictions.
"Another fascinating rental method is traditionally used in Bolivia and you may occasionally see it being offered. Called anticretico, the method works as follows. In order to rent a property, you pay a lump sum to the owner at the start of the rental period. You then stay in the property for the agreed length of time – at the end of which the owner returns all of your initial payment. So in effect you pay absolutely nothing for the rental! What’s more, a contract is usually drawn up transferring ownership of the house to the renter in the event that the lump sum is not returned. Of course, there is a benefit to the owner too. Rather than receiving rental income, the owner is in effect receiving an interest-free loan and simultaneously bypassing the need to obtain approval from a bank. The owner can then earn money by using your lump sum to invest, start a business or simply earn interest in the bank."
I can quote the explanation of the term in Spanish, but, as you may see below, the word is not translated into English. Note: This is not the text I need to translate. I need the translation of Anticrético into English or any set of words you may have used to replace it that is not too lenghty as there are space restrictions.
"Another fascinating rental method is traditionally used in Bolivia and you may occasionally see it being offered. Called anticretico, the method works as follows. In order to rent a property, you pay a lump sum to the owner at the start of the rental period. You then stay in the property for the agreed length of time – at the end of which the owner returns all of your initial payment. So in effect you pay absolutely nothing for the rental! What’s more, a contract is usually drawn up transferring ownership of the house to the renter in the event that the lump sum is not returned. Of course, there is a benefit to the owner too. Rather than receiving rental income, the owner is in effect receiving an interest-free loan and simultaneously bypassing the need to obtain approval from a bank. The owner can then earn money by using your lump sum to invest, start a business or simply earn interest in the bank."
Proposed translations
(English)
| 3 +2 | Antichresis (lease) |
AllegroTrans
|
| 4 | antichretic |
Lydia De Jorge
|
| 4 | (Bol.) front-rent loaded; (SPA) Welsh mortgage-based |
Adrian MM.
|
References
| some refs. |
Taña Dalglish
|
Proposed translations
+2
2 hrs
AllegroTrans
United Kingdom
United Kingdom
Native in English
Specializes in field
United Kingdom
Sensible solutions
Native in: English (Variant: Wessexois)
Works in: French to English, English, English to French
Related KudoZ points
:
577
Selected
Antichresis (lease)
www.researchgate.net › publication › 222702451_Antichresis_leases_T...
28 Oct 2019 - The antichresis lease in civil law countries requires a lump sum ... While scholars and practitioners have delineated anticresis, jeonse and to a ...
books.google.co.uk › books
Alan Gilbert - 2003 - Housing
Anticresis A tenure situation in which the tenant has to pay a large amount of money (often between 25 per cent and 40 per cent of the value of the house) in ...
28 Oct 2019 - The antichresis lease in civil law countries requires a lump sum ... While scholars and practitioners have delineated anticresis, jeonse and to a ...
books.google.co.uk › books
Alan Gilbert - 2003 - Housing
Anticresis A tenure situation in which the tenant has to pay a large amount of money (often between 25 per cent and 40 per cent of the value of the house) in ...
Peer comment(s):
| agree |
philgoddard
28 mins
|
| agree |
neilmac
: My suspicions confirmed - the cognate exists! Not really my field though....
1 day 10 hrs
|
4 KudoZ points awarded for this answer.
Comment: "Selected automatically based on peer agreement."
26 mins
Lydia De Jorge
United States
United States
Native in Spanish
&
English
Works in field
United States
Don't just say it, say it right!
Native in: Spanish 
, English
Works in: English to Spanish, Spanish to English, English, and 1 more.
Related KudoZ points
:
122
3 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
:
278
Spanish term (edited):
Anticrético
(Bol.) front-rent loaded; (SPA) Welsh mortgage-based
A Welsh mortgage being rather incongruous on Bolivia. Otherwise, an old a chestnut that I've seen roasted for getting on half a century.
Anticresis (Roman law and meaningless to most ENG Common Lawyers) > payment of a mortgage with the income (rent) from the property instead of paying interest on the mortgage (West). Receivership: per an ex-ECJ translator in Luxembiurg and London High Court Insolvency Law Judge.
Note the 'translation' of the adjective as 'antichretic' in Robb and Butterworths.
Anticresis (Roman law and meaningless to most ENG Common Lawyers) > payment of a mortgage with the income (rent) from the property instead of paying interest on the mortgage (West). Receivership: per an ex-ECJ translator in Luxembiurg and London High Court Insolvency Law Judge.
Note the 'translation' of the adjective as 'antichretic' in Robb and Butterworths.
Example sentence:
IATE: es anticresis en antichresis welsh mortgage pledging of the income from real property
Capitalized Rent means the present value (discounted semi-annually at a discount rate equal to the weighted average rate of interest borne by the Securities then Outstanding) of the total net amount of rent payable for the remaining term of any lease
Reference:
Peer comment(s):
| neutral |
AllegroTrans
: I somehow think this is about more than simply pledging rent income to a mortgage; what if the owner doesn't have a mortgage in the first place? cadwch yn ddiogel!
10 hrs
|
|
Thanks for the Welsh wishes of safety. Otherwise, exactly, no mortgage in this Bolivian scenario is implied, rather a frontloaded rental loan that can be written off cf. acreedor anticrético> mortgagee! in possession (West) = an equitable receiver?
|
Reference comments
30 mins
Taña Dalglish
Jamaica
Jamaica
Native in English
Specializes in field
Jamaica
Translating the Ideas Behind the Words
Native in: English (Variant: British)
Works in: Spanish to English, English to Spanish, French to English, and 2 more.
Related KudoZ points
:
242
Reference:
some refs.
Bolivians enjoy a unique property leasing option known as anticrético, a process where the owner of a property leases out the residence in exchange for an interest free loan for a period of at least one year.
anticrético > "against a credit" system / against a loan tenure system
What the hell is anticrético? | A GRINGO IN BOLIVIA
https://gringoinbolivia.wordpress.com/2014/08/29/what-the-he...
law | A GRINGO IN BOLIVIAgringoinbolivia.wordpress.com › https://gringoinbolivia.wordpress.com/tag/law/
Aug 29, 2014 - ... leasing option known as anticrético, a process where the owner of a property leases out the residence in exchange for an interest free loan of at least one year.
https://books.google.com.jm/books?id=YqQDIYN0ePoC&pg=PA164&l...
"against a credit" system (page 164)
Page 1 - UN-Habitatmirror.unhabitat.org › downloads › docsPDF
Bolivia's anticrético (“against a credit”) system is based on a property rental contract ... of money equal to a mutually agreed period's rent upfront, in lieu of paying.
(PDF) Access to land in Indonesia: reflection on some cases ...www.academia.edu › Access_to_land_in_Indonesia_reflection_on_some...
In Bolivia applies the “anticrético” (“against a loan”) tenure system. ... for legalization is that people can access to credit by the private financial system. ... 19 of 2004 concerning Stipulation of Government Regulation in Lieu of Law No. 1 of 2004 ...
https://en.wiktionary.org/wiki/antichresis
antichresis
(civil law) An agreement by which a debtor gives a creditor the use of real property to be able to pay interest and principal of the debt.
anticrético > "against a credit" system / against a loan tenure system
What the hell is anticrético? | A GRINGO IN BOLIVIA
https://gringoinbolivia.wordpress.com/2014/08/29/what-the-he...
law | A GRINGO IN BOLIVIAgringoinbolivia.wordpress.com › https://gringoinbolivia.wordpress.com/tag/law/
Aug 29, 2014 - ... leasing option known as anticrético, a process where the owner of a property leases out the residence in exchange for an interest free loan of at least one year.
https://books.google.com.jm/books?id=YqQDIYN0ePoC&pg=PA164&l...
"against a credit" system (page 164)
Page 1 - UN-Habitatmirror.unhabitat.org › downloads › docsPDF
Bolivia's anticrético (“against a credit”) system is based on a property rental contract ... of money equal to a mutually agreed period's rent upfront, in lieu of paying.
(PDF) Access to land in Indonesia: reflection on some cases ...www.academia.edu › Access_to_land_in_Indonesia_reflection_on_some...
In Bolivia applies the “anticrético” (“against a loan”) tenure system. ... for legalization is that people can access to credit by the private financial system. ... 19 of 2004 concerning Stipulation of Government Regulation in Lieu of Law No. 1 of 2004 ...
https://en.wiktionary.org/wiki/antichresis
antichresis
(civil law) An agreement by which a debtor gives a creditor the use of real property to be able to pay interest and principal of the debt.
Peer comments on this reference comment:
| agree |
AllegroTrans
: // and you!
1 hr
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Thank you. Stay safe!
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Discussion
Question marks, quote marks, unnecessary capitalization and anything else that would not be found in a dictionary, should not be entered.
https://www.proz.com/siterules/kudoz_general/1.4#1.4