Glossary entry

Spanish term or phrase:

certificado de depósito (in this context)

English translation:

warehouse receipt

Added to glossary by Mónica Algazi
Sep 19, 2013 12:23
10 yrs ago
31 viewers *
Spanish term

certificado de depósito (in this context)

Spanish to English Law/Patents Law (general) Ley General de Títulos y Operaciones de Crédito
Las mercancías en depósito en almacenes generales de depósito no se pueden embargar a menos que el embargo se realice contemplando los * certificados * de conformidad con la Ley General de Títulos y Operaciones de Crédito

Artículo 287.- Los bienes o mercancías objeto del depósito en los Almacenes, y el producto de su venta o el valor de la indemnización en caso de siniestro, no podrán ser reivindicados, embargados ni sujetos a cualquier otro vínculo, cuando se hayan expedido a su respecto * certificados de depósito *, observándose lo dispuesto en el artículo 20.

Sólo podrán ser retenidos los bienes o mercancías depositados en los Almacenes y respecto a los cuales se hayan expedido certificados de depósito, por orden judicial dictada en los casos de quiebra, de sucesión y de robo, extravío, destrucción total, mutilación o grave deterioro del certificado o del bono correspondientes.

I assume "certificados" (first paragraph) refers to "certificados de depósito" (second and third paragraphs).

TIA!
Proposed translations (English)
4 +1 warehouse receipt

Proposed translations

+1
2 hrs
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warehouse receipt

Document giving proof of ownership of goods held in inventory, for example, unfinished goods temporarily stored in a field warehouse by a manufacturer. The receipt is a Title document for its holder and may be either negotiable or nonnegotiable. A negotiable warehouse receipt is deliverable to the bearer or to another party named; a nonnegotiable receipt specifies to whom the stored goods are deliverable. Most warehouse receipts are issued in negotiable form
Read more: http://www.answers.com/topic/warehouse-receipt#ixzz2fLieNJKP

Investopedia explains 'Warehouse Financing'
Warehouse financing offers a number of benefits to the borrower. It leverages the use of raw material as the primary collateral, while additional financing can be synchronized with the build-up of the stock. Warehouse financing also enables borrowers to obtain financing on more favorable terms than short-term working capital or loans, while the repayment schedule can be coordinated with the actual usage of raw material.
Note from asker:
Thank you, Pat!
Peer comment(s):

agree Mike Yarnold (X)
2 hrs
Thanks again, Mike!
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4 KudoZ points awarded for this answer. Comment: "¡Muchas gracias, Pat!"
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