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substitute security meaning in English

替代担保

Examples

  1. The manager may take back the object matter of the pledge or the lien in order to continue the debtors business operation , but substitute security shall be provided
    为债务人继续营业,管理人可以取回质物留置物,但应当提供替代担保。
  2. With respect to the debt discharge or substitute security specified in the preceding paragraph , if the value of the item subject to a pledge or lien is less than the amount of the secured claim , the same shall be limited to the then market value of the item subject to a pledge or lien
    前款规定的债务清偿或者替代担保,在质物或者留置物的价值低于被担保的债权额时,以该质物或者留置物当时的市场价值为限。

Related Words

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