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la caparra confirmatoria

English translation: commitment deposit, guarantee deposit


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:la caparra confirmatoria
English translation:commitment deposit, guarantee deposit
Entered by: xxxDCypher
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22:46 Nov 19, 2005
Italian to English translations [PRO]
Law/Patents - Law: Contract(s)
Italian term or phrase: la caparra confirmatoria
Context: "...tutte le garanzie prestate per la restituzione della caparra confirmatoria..."
Christopher Burin
Local time: 14:07
commitment deposit, guarantee deposit
Explanation:
In a Sale and Purchase Agreement(if this is a suitable model for your case), for example, the above two expressions would be used for money advanced to confirm the buyers intent. This is then offset against the purchase price and can be forfeit if the transaction is not pursued ("drop dead").

One example follows:
"Alternative (in case of provided deposit guarantee) The Seller is obliged to accept the cancellation of the guarantee on the bid deposit provided by the Buyer upon payment of the purchase price."
Selected response from:

xxxDCypher
Local time: 15:07
Grading comment
Thanks and thanks to everyone for helping!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +3the earnest: the earnest money
Tom Thumb
4 +1confirmation depositMaurizio Foroni
4(security) deposit
Ivana UK
4commitment deposit, guarantee depositxxxDCypher


  

Answers


6 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
confirmation deposit


Explanation:
-


    Reference: http://www.google.com/search?num=100&hl=en&lr=&as_qdr=all&q=...
Maurizio Foroni
Local time: 15:07
Works in field
Native speaker of: Native in ItalianItalian

Peer comments on this answer (and responses from the answerer)
agree  poly
2 hrs
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25 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
the earnest: the earnest money


Explanation:
Earnest money is one Garzanti's translations, besides deposit and down payment (one word)- probably unaware that an earnest works as a noun in UK conveyancing transactions.

cf. SP arras confirmatorias and IT caparra penitenziale: liquidated damages/Garzanti - 'penal bond' (?).

Contratto di caparra confirmatoria. ... Nella fattispecie, la caparra confirmatoria, disposta nell’art.1385 cc, è una somma di danaro o una quantità di cose ...



    Reference: http://www.moduli.it/item.php/1252
Tom Thumb
Local time: 15:07
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 96

Peer comments on this answer (and responses from the answerer)
agree  transparx
9 hrs
  -> In the US, the earnest-money deposit ends up credited against the downpayment.
agree  Thomas Roberts: also "bargain money" or "deposit" are possibilities, but "earnest money" most accurate
10 hrs
  -> Grazie!
agree  Cristina Chaplin
3 days20 hrs
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11 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
commitment deposit, guarantee deposit


Explanation:
In a Sale and Purchase Agreement(if this is a suitable model for your case), for example, the above two expressions would be used for money advanced to confirm the buyers intent. This is then offset against the purchase price and can be forfeit if the transaction is not pursued ("drop dead").

One example follows:
"Alternative (in case of provided deposit guarantee) The Seller is obliged to accept the cancellation of the guarantee on the bid deposit provided by the Buyer upon payment of the purchase price."

xxxDCypher
Local time: 15:07
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 262
Grading comment
Thanks and thanks to everyone for helping!
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1 day2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
(security) deposit


Explanation:
In Italy there are two types of "caparra" as defined below, while in the UK (and the US, as far as I am aware) there is only one type of deposit:

La caparra confirmatoria (art. 1385 c.c.) è la più frequente e corrisponde alla antica consuetudine di consegnare all'altra parte una somma di denaro (o altre cose fungibili) a conferma del vincolo assunto. Se la parte che ha concesso la caparra si rende inadempiente, l'altra parte può recedere dal contratto e trattenere la caparra. Se inadempiente è la parte che ha ricevuto la caparra, l'altra parte può sempre recedere e richiedere il doppio di quanto versato.

Si tratta in entrambi i casi di facoltà concessa all'interessato che può comunque insistere per l'adempimento, e richiedere il risarcimento per l'ulteriore danno subito.
Diversa è invece la funzione della caparra penitenziale (art. 1386 c.c.) che rappresenta il corrispettivo del diritto di recesso, stabilito convenzionalemente. Chi decide di recedere deve dare all'altra parte quanto pattuito a titolo di caparra penitenziale e l'altra parte non potrà chiedere altro.

http://www.studiolegale-online.net/contratti_10.php

** "Earnest money" is the lesser known term for the standard "(security) deposit **

Earnest money is a deposit attached to an offer to purchase real estate. Providing an earnest money deposit shows the seller that your offer is genuine. Not all offers need to have earnest money.

If the offer is accepted, the earnest money is kept by the seller and subtracted from the purchase price, or is kept in escrow until closing, when it is applied to the buyer's portion of the closing costs. If the offer is rejected, the earnest money is usually returned. If the buyer retracts the offer, the earnest money is usually forfeited.

http://www.answers.com/topic/earnest-money


Security Deposit

A payment required by a landlord to ensure that a tenant pays rent on time and keeps the rental unit in good condition. If the tenant damages the property or leaves owing rent, the landlord can use the security deposit to cover what the tenant owes.

http://www.nolo.com/definition.cfm/term/32A8C830-9AC6-43DC-9...

If you use "deposit" as your translation (I would suggest that you point out that double the deposit would be returned should the seller pull out or not stick to the contract)






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Note added at 1 day 2 hrs 28 mins (2005-11-21 01:14:55 GMT)
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** Whether you opt for "earnest money" or "(security ) deposit" really depends on whether your contracts is for the purchase or rental of a property...

Ivana UK
United Kingdom
Local time: 14:07
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in ItalianItalian
PRO pts in category: 155
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