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precatórios

English translation: court-ordered debt payments

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12:21 May 18, 2000
Portuguese to English translations [PRO]
Bus/Financial
Portuguese term or phrase: precatórios
...com a provisão de R$ 199 milhões realizada para garantir titulos do governo Pernambuco (precatórios), ....
TLTTranslations
English translation:court-ordered debt payments
Explanation:
This term is more complex than it appears. Here's the background, choose what fits your context.

A) precatory letter (between courts, as compared with letters rogatory, which is between countries) but even so can be translated as "letters rogatory"; B) court-ordered debt payments (state finance context, Brazil 11/96);

In Brazil, judgments [against govt] must be satisfied out of budgetary appropriations upon issuance of a special judicial order called a precatório (Rosenn) In 1996-97 in Brazil, the "escândalo dos precatórios" concerned issuance of state and municipal-guaranteed bonds above the borrowing limits set for state or municipal indebtedness, in order to pay off court judgments. In the "scandal," bogus "precatorios" were created so that bonds could be issued to pay unauthorized expenses, thereby getting around the budget limits. The Washington Post (11/25/99), on article in corruption in Brazil, later wrote “...an investigation found that members of a congressional budget committee had funneled hundreds of millions of dollars to construction companies in a complicated kickback scheme.”
Selected response from:

Donna Sandin
United States
Local time: 04:52
Grading comment
I would have made the wrong assumption since all signs, including Noronha, pointed to precatory letter...however, Ms. Sandin's response made it clear that that was a mistake. The clear answer, in this instance, is court ordered debt payment.
4 KudoZ points were awarded for this answer



Summary of answers provided
nacourt-ordered debt payments
Donna Sandin
naprecatory
aparecida
naprecatory
Oduvaldo Jardim


  

Answers


12 mins
precatory


Explanation:
precatories

Oduvaldo Jardim
PRO pts in pair: 8
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15 mins
precatory


Explanation:
precatório=precatory


aparecida
PRO pts in pair: 14
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4 hrs
court-ordered debt payments


Explanation:
This term is more complex than it appears. Here's the background, choose what fits your context.

A) precatory letter (between courts, as compared with letters rogatory, which is between countries) but even so can be translated as "letters rogatory"; B) court-ordered debt payments (state finance context, Brazil 11/96);

In Brazil, judgments [against govt] must be satisfied out of budgetary appropriations upon issuance of a special judicial order called a precatório (Rosenn) In 1996-97 in Brazil, the "escândalo dos precatórios" concerned issuance of state and municipal-guaranteed bonds above the borrowing limits set for state or municipal indebtedness, in order to pay off court judgments. In the "scandal," bogus "precatorios" were created so that bonds could be issued to pay unauthorized expenses, thereby getting around the budget limits. The Washington Post (11/25/99), on article in corruption in Brazil, later wrote “...an investigation found that members of a congressional budget committee had funneled hundreds of millions of dollars to construction companies in a complicated kickback scheme.”


Donna Sandin
United States
Local time: 04:52
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 1112
Grading comment
I would have made the wrong assumption since all signs, including Noronha, pointed to precatory letter...however, Ms. Sandin's response made it clear that that was a mistake. The clear answer, in this instance, is court ordered debt payment.
Login to enter a peer comment (or grade)




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