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entrar en cesación de pagos

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08:30 Aug 14, 2000
Spanish to English translations [PRO]
Bus/Financial
Spanish term or phrase: entrar en cesación de pagos
el Estado entrará en cesación de pagos.
Victoria
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Summary of answers provided
naMoratorium (plural: moratoria)Yvette Camou
naStart descontinuing payments.
Luis Luis
nasuspension of paymentsdania
naenter into temporary receivershipWalter Lockhart Ries
nato suspend paymentwendy griswold


  

Answers


30 mins
to suspend payment


Explanation:
Nuevo Diccionario Bilingue de Economía y Empresa - José María Lozano Irueste

wendy griswold
Local time: 04:14
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 64

Peer comments on this answer (and responses from the answerer)
Yvette Camou

Heathcliff
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37 mins
enter into temporary receivership


Explanation:
cesación (suspensión in Spain) de pagos is not a bankruptcy proceeding but the court appoints an administrator to administrate the entity's business and holds off creditors until it can be determined whether or not the entity is bankrupt or until it recovers from the temporary lack of liquid assets. I prefer this translation, especially for European readers.
Eurodictautom, however, perfers "suspension of payments".


    Reference: http://eurodic.ip.lu:8086//cgi-bin/edicbin/expert.pl#1
Walter Lockhart Ries
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 100

Peer comments on this answer (and responses from the answerer)
Yvette Camou

Heathcliff
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58 mins
suspension of payments


Explanation:
terminological dictionary Fondo Educativo Interamericano

dania

Peer comments on this answer (and responses from the answerer)
Yvette Camou

Heathcliff
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4 hrs
Start descontinuing payments.


Explanation:
The state will start descontinuing payments.


Luis M. Luis

Luis Luis
United States
Local time: 03:14
Native speaker of: Native in PortuguesePortuguese
PRO pts in pair: 171

Peer comments on this answer (and responses from the answerer)
Yvette Camou
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7 hrs
Moratorium (plural: moratoria)


Explanation:
In Spanish, we can also say that 'el gobierno se declara en moratoria...'.
Moratorium is defined in English as a legally authorized period of delay in the performance of a legal obligation or the payment of a debt. (Wenster's Third International Dictionary). They usually have to be authorized by legislatures or parliaments before the Executive issues the order to proceed. Brazil did during the 80s when the country couldn't meet the payment schedule and they had to renegotiate with the World Bank and the IMF (International Monetary Fund) Hope it helps!

Yvette Camou
Mexico
Local time: 02:14
PRO pts in pair: 45
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