Glossary entry (derived from question below)
Spanish term or phrase:
beneficio en fiducia
English translation:
benefit held > beneficial interest settled > on commercial trust
Spanish term
DE BENEFICIO EN FIDUCIA
I'm not sure if the line TRANSFERENCIA DE DOMINIO A TITULO DE BENEFICIO EN FIDUCIA MERCANTIL DE FIDUCIARIA BOGOTA S.A.
means TRANSFER OF TITLE TO A COMMERCIAL TRUST OF FIDUCIARIA BOGOTA S.A.... or if something should be added for DE BENEFICIO EN FIDUCIA
Thank you in advance
3 +2 | for the benefit held on commercial trust | Adrian MM. |
May 8, 2022 05:36: Adrian MM. Created KOG entry
Proposed translations
for the benefit held on commercial trust
E&W: by way of beenficial interest settled on comm. trust..
Otherwise, looks like a cross between a commercial trust, a 'mercantile agency' and a chattel mortgage.
'0164: Transferencia de dominio a título de beneficio en fiducia mercantil: La fiducia mercantil es un negocio jurídico en virtud del cual una persona, llamada fiduciante (E&W: settlor; AmE: trustor) o fideicomitente, transfiere uno o más bienes especificados a otra, llamada fiduciario (trustee), quien se obliga a administrarlos o enajenarlos para cumplir una finalidad determinada por el constituyente (appointor), en provecho de este o de un tercero llamado beneficiario (beneficiary) o fideicomisario (artículo 1226 Código de Comercio Colombiano). '
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Note added at 1 hr (2022-04-27 20:01:07 GMT)
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by way of beneficial interest 'settled' : not only Anglocentric, but also fit for Can / US Am. consumption.
Definition of mercantile agency 1 : the agency of a factor who in the customary course of his business has authority binding on his principal to buy or to sell goods, to consign goods for sale, or to raise money by pledging goods.
http://www.pinsentmasons.com/out-law/guides/commercial-trusts
http://www.suin-juriscol.gov.co/viewDocument.asp?ruta=Resolucion/4042616
agree |
neilmac
10 hrs
|
Thanks and gracias, Neil.
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|
agree |
Simon Paul Wyatt
5 days
|
Thanks and gracias, Simon.
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Discussion
https://www.proz.com/siterules/kudoz_general/1.4#1.4