substitute security meaning in English
替代担保
Examples
- 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。 - 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。