cross defaulted
| 09:24 Oct 12, 2001 |
| English to Spanish translations [PRO] Bus/Financial | |||||||
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| 4 +1 | cláusula recíproca en caso de incumplimiento |
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| 4 | claúsula de insolvencia recíproca, cláusula de cancelación simultánea de deuda |
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Answers
24 mins confidence: 
peer agreement (net): +1
peer agreement (net): +1cláusula recíproca en caso de incumplimiento Explanation: Eurodicautom: English Term cross-default clause Definition a clause in a loan agreement specifying that default on any other loans to the borrower shall be regarded as default on this one Spanish Term cláusula recíproca en caso de incumplimiento HTH HTH see above |
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2 hrs confidence:
claúsula de insolvencia recíproca, cláusula de cancelación simultánea de deuda Explanation: Just in case you need to elaborate more ... This is a debt reciprocal cancelation between two loans in case of the fault. This works like this: In case of default in one of the loan agreements, the other loan agreement is reciprocally cancelled (cross defaulted)up to the limit of the denominated value of the default incurred by the other. I hope it helps. Alcal�/Hughes Dicc. de T�rminos Econ�micos FInancieros page 208 |
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