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Re: [Czechlist] zastavni pravo

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  • Zuzana Kočičková
    Thanks a million James and Michael. Now I know how to use these terms. BR Zuzana ... From: Michael Trittipo To:
    Message 1 of 4 , May 1, 2005
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      Thanks a million James and Michael. Now I know how to use these terms.

      BR

      Zuzana
      ----- Original Message -----
      From: "Michael Trittipo" <tritt002@...>
      To: <Czechlist@yahoogroups.com>
      Sent: Sunday, May 01, 2005 5:39 AM
      Subject: Re: [Czechlist] zastavni pravo


      > On Sat, Apr 30, 2005 at 02:10:06PM +0200, Zuzana Kočičková wrote:
      > > Hi Czechlisters,
      > >
      > > is there any difference between
      > > "security interest" and "collateral" ?
      >
      > Yes. A "security interest" is what one has in "collateral." The former
      describes a certain kind of legal right; the latter describes some thing of
      value as to which someone has that kind of right. I say that you can take
      my computer if I don't pay you some money I owe you. The computer is now
      collateral (although I keep it in my possession); what you have by virtue of
      my promise is a security interest in my computer. That doesn't make the
      computer into a security interest; the computer is still just collateral.
      >
      > I'd look for some definitions, but I think the above should be clear
      enough even without a precise defintion.
      >
      > Hope it helps.
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      > Czechlist resources:
      > http://www.bohemica.com/czechtranslation
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      > Yahoo! Groups Links
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