11:33 Dec 19, 2000 |
Spanish to English translations [PRO] Law/Patents | |||||||
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| Selected response from: wendy griswold Local time: 02:50 | ||||||
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automatic default Explanation: do you think it could mean "failure to comply will result in the non-complying party automatically being considered in default"? If you'll forgive me, "Argentinean" loves to omit a word now and then. |
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"mora" is delay, but not necessarily default. Explanation: Is it possible that in this contract there is a grace period agreed upon, with or without penalization? (Interests, etc.) I say this because technically, "default" is more serious, implying "incumplimiento, rebeldía". "Mora" as synonymous of "retrasos" could also be translated as "arrears". |
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Automatic delinquency Explanation: Mora: delinquency (in payment) Diccionario Jurídico, Cabanellas y Hoaghe, Ed. Heliasta, Argentina, 1993 It seems that delinquency is a non-payment status prior to default and therefore it can be determined in an automated way. The definitions for both terms in the following glossary about loan(http://www.slfaloan.com/glossary.htm#09) seem to corroborate it. Delinquency Failure to make loan payments when due. Delinquency can lead to default. Default Failure to meet a financial obligation, such as a loan. Staying out of default will help protect a borrower's credit record. DEFINITION IN SPANISH Sistema de mora automática (*).- La mora se produce automáticamente por el mero vencimiento del plazo. El fundamento de la mora automática para las obligaciones que tienen plazo determinado, radica en que el deudor conoce exactamente el momento en que debe cumplir la prestación, por lo tanto resulta innecesario supeditar la responsabilidad del deudor al cumplimiento de un requisito formal como es la interpelación. (http://www.todoiure.com.ar/monografias/civil/La mora.htm) SUERTE! |
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automatic payment default Explanation: submitted by one of of our legal translators: Experience since 1988. Free-Lance Translator of Official, technical, scientific, business, legal and many other fields. Affiliated to the Ministry of Foreign Affairs. Foreign Embassies and Consulates, Government Offices. CENTRO COLOMBO AMERICANO, BAKER & McKENZIE, BANCO DE LA REPUBLICA, UNO, SUPREME COURT OF JUSTICE OF COLOMBIA, FISCALIA GENERAL DE LA NACION,THE BAVARIA HOLDING, OIL INDUSTRY, SHOW BUSINESS, OFICINA JUDICIAL, WETRANSLATE.COM, WCITIES,COM, LATIN AMERICAN BUSINESS CONSULTANTS (LABS), SERVITEL. |
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"automatic payment default" Explanation: The parts agreed the automatic payment default way. The principle of "mora automática" means that the one who made the default carry on the responsability and will have to pay damages since the date stablished as a certain date of automatic payment default that is why it is of high importance identifying a certain time. Get it? Hope could be of help. BTW in argentine law you assume responsability since you are notified of the default, in the case of automatic payment default you do not need notification as it is understood you already know your obligation by the agreement already signed. Clear? Guillermo Borda - Derecho Civil |
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