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Spanish to English translations [PRO]
Bus/Financial - Finance (general) | | Spanish term or phrase: imputación del pago | Hi everyone,
I'm looking for the translation for the term "imputación del pago," as it appears in this Wikipedia article:
http://es.wikipedia.org/wiki/Pago#Imputaci.C3.B3n_del_pago
Imputación del pago
En caso que un deudor tenga más de una deuda con el mismo acreedor y le realice un pago menor a la suma de sus múltiples deudas, le corresponde al deudor determinar a cuál de las deudas se hace el pago. Si no lo hace, será el acreedor el que tenga la facultad de imputar el pago.
El detalle de la imputación debe constar en el recibo. En el caso de deuda con intereses, no puede asignar el pago primero a lo principal, pues los intereses tienen prioridad.
Another good explanation for the term can be found here:
http://www.monografias.com/trabajos30/obligaciones/obligacio...
Basically, it's when a debtor owes more than one debt and makes a payment that doesn't cover all the debts. The act of deciding which debt the payment covers and whether it covers interest or principle is "imputación" of the payment, but I can't seem to find an English expression for this. Any help would be most welcome. |
|  Peter KrupaKudoZ activityQuestions: 2 (none open) Answers: 0
Chile
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Virginia Koolhaas
Uruguay
Local time: 04:45
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6 mins confidence:   peer agreement (net): +1 Imputation of payment
Explanation:
IMPUTATION OF PAYMENT. This term is used in Louisiana to signify the appropriation which is made of a payment, when the debtor owes two debts to the creditor. Civ. Code of Lo. art. 2159 to 2262. See 3 N. S. 483; 6 N. S. 28; Id. 113: Poth. Ob. n. 539, 565, 570; Durant. Des Contr. Liv. 3, t. 3, Sec. 3, n. 191; 10 L. R. 232, 352; 7 Toull. n. 173, p. 246.
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Note added at 6 mins (2011-02-09 02:01:48 GMT)
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According to Enrique Alcaraz Varo/Brian Hughes-Ariel as well....
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Note added at 8 mins (2011-02-09 02:03:14 GMT)
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Imputation of Payments definition:A civil law term: a system that allocates monies received from a debtor who has more than one debt and who has not, with the payment, specified to the creditor to which debt the monies are applied.
.The civil law, generally, as each jurisdiction may provide differently, sets out a set of rules governing situations where imputation of payment arises.
Generally, the debtor has the initial option to designate the debt to which he wants the payment to apply. Failing that, the payment will be imputed and applied at the choice of the creditor. Further, if neither has given direction, the law imputes payment against the largest of the debts. If several debts are of the same residual amount, then the oldest debt gate paid down.
The imputation of payment rules of the Canadian civil law jurisdiction of Québec are set out starting at §1569 of the Quebec Civil Code. This, from §1572:
"In the absence of imputation by the parties, payment is imputed first to the debt that is due. Where several debts are due, payment is imputed to the debt which the debtor has the greatest interest in paying. Where the debtor has the same interest in paying several debts, payment is imputed to the debt that became due first; if all of the debts became due at the same time, however, payment is imputed proportionately."
French: imputation de paiement.
| Robert Copeland
United States
Local time: 03:45
Specializes in field
Native speaker of:  English, Spanish
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1 hr confidence: peer agreement (net): +5 | |
The translation workplace 
