qualified pledge
[/ˈkwɑːlɪfaɪd plɛdʒ/]
nounpl: qualified pledges
penhor qualificado
1. A pledge or security interest in personal property that is subject to certain conditions, limitations, or qualifications that restrict the pledgee's rights or modify the standard terms of a pledge agreement
The bank accepted a qualified pledge of the company's inventory, with the condition that the borrower could sell items in the ordinary course of business.
O banco aceitou um penhor qualificado do inventário da empresa, com a condição de que o mutuário pudesse vender itens no curso ordinário dos negócios.
2. In property law, a pledged asset where the pledgor retains certain rights or where the pledge is encumbered by prior claims or restrictions
The qualified pledge of the equipment was subject to the manufacturer's lien, which took priority in case of default.
O penhor qualificado do equipamento estava sujeito ao direito de retenção do fabricante, que tinha prioridade em caso de inadimplemento.
This is a legal and financial term primarily used in formal commercial contexts. In Brazil, it appears in banking agreements and corporate financing documents. The term reflects the civil law tradition's approach to secured transactions, where pledges may be modified by specific conditions negotiated between parties. It is less commonly used in everyday Portuguese but remains important in legal and business documents.
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