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10:23 Jan 2, 2001
Spanish to English translations [PRO] Bus/Financial
Spanish term or phrase:dación en pago
La firma del contrato, letra o pagaré y la Dación en Pago, se realizará en la oficina regional en donde se aprueba el crédito ante la presencia del Oficial de Crédito y otra persona designada por la Dirección Ejecutiva.
My legal dictionaries give "dación en pago" as "payment in kind" or "dation in payment", but these definitions don't seem to apply, since the document has to with loans for small businessmen, who receive the loan in cash.
Thanks. The document is from Guatemala, which I should have mentioned. I think your answer shows me the way to the solution. Apparently, these are lien papers on the collateral. 2 KudoZ points were awarded for this answer