Glossary entry (derived from question below)
Spanish term or phrase:
beneficio en fiducia
English translation:
benefit held > beneficial interest settled > on commercial trust
Added to glossary by
Adrian MM.
Apr 27, 2022 18:01
2 yrs ago
20 viewers *
Spanish term
DE BENEFICIO EN FIDUCIA
Spanish to English
Law/Patents
Law (general)
ADQUIRIÓ EN MAYOR EXTENSIÓN ASÍ: ESCRITURA 2772, FOLIO 555866, TRANSFERENCIA DE DOMINIO A TITULO DE BENEFICIO EN FIDUCIA MERCANTIL DE FIDUCIARIA BOGOTA S.A.. [XXX] CIA S.A.S. NIT [XXX], A : FIDUCIARIA XYZ S.A. FIDEICOMISO "ABC" NIT [XXX] , REGISTRADA EN LA MATRICULA...
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
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
Proposed translations
(English)
| 3 +2 | for the benefit held on commercial trust |
Adrian MM.
|
Change log
May 8, 2022 05:36: Adrian MM. Created KOG entry
Proposed translations
+2
1 hr
Adrian MM.
Austria
Austria
Native in English
Specializes in field
Austria
Retd.T&I, Barrister & Austro-Advokat
Native in: English (Variants: Scottish, British) 
Works in: Spanish to English, English to Spanish, French to English, and 5 more.
Related KudoZ points
:
586
Spanish term (edited):
a título de beneficio en fiducia mercantil (Col.)
Selected
for the benefit held on commercial trust
of > ... FIDUCIARIA BOGOTA S.A. (fiduciaria: appointed trustee of the beneficial interest)
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.
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.
Example sentence:
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.
Reference:
http://www.pinsentmasons.com/out-law/guides/commercial-trusts
http://www.suin-juriscol.gov.co/viewDocument.asp?ruta=Resolucion/4042616
Peer comment(s):
| agree |
neilmac
10 hrs
|
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Thanks and gracias, Neil.
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| agree |
Simon Paul Wyatt
5 days
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Thanks and gracias, Simon.
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4 KudoZ points awarded for this answer.
Comment: "Thank you"
Discussion
https://www.proz.com/siterules/kudoz_general/1.4#1.4