Aug 10, 2009 14:41
14 yrs ago
7 viewers *
English term
the rights of priority, excussion and division
English to Russian
Bus/Financial
Finance (general)
Financial terminology
To issue, accept, endorse or negotiate and guarantee bills of exchange and to guarantee third parties in all types of operations, including jointly and severally, upon first demand and expressly waiving the rights of priority, excussion and division.
Proposed translations
1 hr
Права приоритета, права на конфискацию и на разделение
Please see my discussion entries.
Peer comment(s):
neutral |
a05
: точно НЕ конфискация -- конфискацию осуществляет государство по уголовным делам
3 hrs
|
12 hrs
от прав требования, удовлетворения требования и раздела собственности любой очереди
excussion: The process or proceedings whereby creditor must proceeds against a principal debtor before proceeding against a surety or subsidiary debtor
en.wiktionary.org/wiki/excussion
по-моему акцент здесь должен быть именно на том, что от всех прав отказывается, вне зависимости от очередности.
en.wiktionary.org/wiki/excussion
по-моему акцент здесь должен быть именно на том, что от всех прав отказывается, вне зависимости от очередности.
Discussion
right (or benefit) of excussion - a creditor can sue any of the parties that are jointly and severally liable - e.g. a sub-contractor cannot rely on the benefit of excussion if approached first instead of a main contractor; he cannot turn round and say you have to first have to excuss (To seize and detain by law, as goods.)
all the available assets of the main contractor first. Same if a director signs surety for a company - if he has waived the benefit of excussion, he cannot in his defence plea the assets of the company should have been attached first if he is sued for a company debt.
right (or benefit) of division - guarantor's right to obtain a court order that the preceedings be brought against all guarantors.
–verb (used with object) Law. to take possession of (goods) by legal authority.
Related forms:
ex⋅cus⋅sion, noun