English Dictionary

Welsh mortgage

名詞

A kind of mortgage, being a conveyance of an estate, redeemable at any time on payment of the principal, with an understanding that the profits in the meantime shall be received by the mortgagee without account, in satisfaction of interest.

日本語の意味

ウェルシュ・モーゲージとは、不動産権の譲渡を伴う担保設定の一形式です。元本支払いによりいつでも買い戻しが可能であり、その間に生じた利益は、利息の弁済という形で抵当権者に計算不要で支払われる仕組みになっています。

The landowner agreed to a Welsh mortgage to secure the debt, knowing the mortgagee would take the estate's profits instead of interest until the principal was paid.

その地主は、元本の支払いによりいつでも償還でき、その間の利益を利息の代わりに債権者が受け取ることになっている財産の譲渡による担保で借金を保証することに同意した。

意味（1）

A kind of mortgage, being a conveyance of an estate, redeemable at any time on payment of the principal, with an understanding that the profits in the meantime shall be received by the mortgagee without account, in satisfaction of interest.

The possession of the mortgagee is of the very essence of the Welsh mortgage, and every receipt of rent is a receipt, by virtue of the contract[…]

Welsh mortgages （ plural ）