Erklärung: sans concours - without equality of rights of competing charges. Pari passu would make the cert. rank equally with any prior or subsequent charges.
first in mortgage priority and without ranking pari passu
Erklärung: sans concours - without equality of rights of competing charges. Pari passu would make the cert. rank equally with any prior or subsequent charges.
Beispielsätze:
Ranking equally. For example, in a new issue of shares which carry equal rights with existing shares they are said to rank pari passu. ...
Erklärung: By definition, there can only be one senior mortgage (it's a conveyance of title to the property, after all) and it outranks everything junior to it.
So no need to translate 'sans concours', unless you think your client is too ignorant to appreciate a correct translation and will think that you have left something out.
Also called "first mortgage".
rkillings Vereinigte Staaten Arbeitsgebiet Muttersprache: Englisch PRO-Punkte in Kategorie: 31
The translation workplace 
