LEGAL ENGLISH IN THE JOKES – ABOUT A LOAN AGREEMENT

A Maasai man walks into a bank in Nairobi and asks for the loan officer. He tells the loan officer that he is going to Dubai on business for four weeks and needs to take out a loan of  (kölcsönt felvesz) KSH 5,000.

The bank officer informs him that the bank will need some form of security for the loan (biztosíték / fedezet a kölcsönre), so the Maasai man pledges (zálogba adja) a car by handing over the keys to a brand new Mercedes Benz S-Class 500 parked on the street in front of the bank.

He produces the logbook, and everything checks out. The loan officer agrees to grant the loan (folyósítja a kölcsönt) and accept the car as collateral (elfogadja az autót fedezetként).

The bank’s president and its officers all enjoy a good laugh at the Maasai for using a KSH 15 million Mercedes Benz as collateral against a KSH 5,000 loan.

An employee of the bank then drives the Mercedes Benz into the bank’s underground garage and parks it there. Four weeks later, the Maasai returns, repays the loan (visszafizeti a kölcsönt),  which amounts to KSH 5,000 principal (tőke) plus KSH 150.41  interest (kamat).

The loan officer says, „Sir, we are very happy to have had your business and this transaction has worked out very nicely. No falling into arrears (hátralékba kerül) defaulting on the loan (kölcsön vissza nem fizetése). No need for a grace period (türelmi idő) or us charging default interest (késedelmi kamatot számít fel).  But we are a little puzzled. While you were away, we checked you out and found that you are a multimillionaire. What puzzles us is, why would you bother to borrow KSH 5,000?”

The Maasai man replies, „Where else in Nairobi can I park my car for four weeks for only KSH 150.41 and expect it to be there when I return?”

 

VOCABULARY – SZÓSZEDET

to take out a loan of  HUF xxx  – xxx forint összegű kölcsönt felvesz

security for the loan  – biztosíték / fedezet a kölcsönre / hitelre

to pledge something –  zálogba ad valamit

to grant the loan  – folyósítja a kölcsönt / hitelt

to accept something as collateral –  elfogad valamit  fedezetként

to use something as collateral against a HUF xxx loan – valamit fedezetként használ egy xxx forint összegű kölcsönnél / hitelnél

to repay the loan –  visszafizeti a kölcsönt

principal –  tőke

interest –  kamat

to fall into arrears with –  hátralékba kerül

to default on the loan – nem fizeti vissza a kölcsönt / hitelt

grace period  – türelmi idő

to charge default interest  – késedelmi kamatot számít fel

Lingua Juris Szaknyelvi Központ
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