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迟延利息

English translation: default interest

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06:00 Oct 1, 2004
Chinese to English translations [PRO]
Law (general)
Chinese term or phrase: 迟延利息
Is it the interest for late payment?
albertdeng
New Zealand
Local time: 12:43
English translation:default interest
Explanation:
In Taiwanese law, 遲延 means strictly non-performance, i.e. non-payment of a debt whe due and payable. Delay payment also constitutes non-payment because the debt is not repaid in time as required. But the term 遲延 is easily misunderstood and confused with 延遲 which means delay rather than non-performance.
Selected response from:

Raymond Chu
Taiwan
Local time: 07:43
Grading comment
Thank you.
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +2default interest
Raymond Chu


  

Answers


2 hrs   confidence: Answerer confidence 5/5 peer agreement (net): +2
迟延利息
default interest


Explanation:
In Taiwanese law, 遲延 means strictly non-performance, i.e. non-payment of a debt whe due and payable. Delay payment also constitutes non-payment because the debt is not repaid in time as required. But the term 遲延 is easily misunderstood and confused with 延遲 which means delay rather than non-performance.

Raymond Chu
Taiwan
Local time: 07:43
Specializes in field
PRO pts in category: 48
Grading comment
Thank you.

Peer comments on this answer (and responses from the answerer)
agree  Wenjer Leuschel
7 hrs
  -> Thanks.

agree  Andreas Yan
1 day 1 hr
  -> Thanks.
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