Spanish translation: dividendo en liquidación o en proceso de liquidación
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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:
dividends in liquidation
dividendo en liquidación o en proceso de liquidación
it shall pay to THE BANK all dividends in liquidation or otherwise received by it from or for the account of THE BORROWER in respect of any obligation referred to in indent (a) above. Subject to Article 15, THE BANK shall apply such sums to reduce the outstanding Guaranteed Sums in such sequence as
it may decide; and
Explanation: Liquidation: Liquidación/ disolución. winding up of a business by its members or its creditors. The assets are sold, liabilities settled as far as possible and any remaining cash returned to shareholders.
Law and Financial Dictionaries
Andrea Wells United States Local time: 02:46 Native speaker of: Spanish PRO pts in pair: 60