Glossary entry (derived from question below)
English term or phrase:
paid-up contract
Spanish translation:
contrato (totalmente) pagado / cubierto
Added to glossary by
Noemi Carrera
Dec 26, 2001 23:39
22 yrs ago
7 viewers *
English term
paid-up contract
English to Spanish
Bus/Financial
investment funds / life insurance
"'paid-up contract' means a Contract which would be otherwise terminate due to the non-payment of Regular Contributions and where the Contract has a Surrender Value, but the contract continues in force subject to certain conditions".
- The Contract shall only be converted into a Paid-Up Contract where a written request signed by the Contract Holder to convert the Contract to a Paid-Up Contract has been received
Do you know the appropriate expression for this type of contract? Thank you.
- The Contract shall only be converted into a Paid-Up Contract where a written request signed by the Contract Holder to convert the Contract to a Paid-Up Contract has been received
Do you know the appropriate expression for this type of contract? Thank you.
Proposed translations
(Spanish)
4 +4 | contrato (totalmente) pagado / cubierto | Robert INGLEDEW |
4 | Contrato liberado | Rick Henry |
4 | póliza integrada | Sery |
Proposed translations
+4
3 mins
Selected
contrato (totalmente) pagado / cubierto
No encontré la frase en mi diccionario de términos financieros, de modo que deduje la respuesta por analogía
(paid-up share : acción cubierta;
paid-up capital: capital desembolsado)
(paid-up share : acción cubierta;
paid-up capital: capital desembolsado)
4 KudoZ points awarded for this answer.
Comment: "Thanks a lot for your help."
7 hrs
Contrato liberado
because the contract does have a surrender value.
HTH
Rick
HTH
Rick
19 hrs
póliza integrada
Based on the fact that the context refers to life insurance, I assume it could be a "contract" of insurance, in other words, a policy, and a paid-up policy is translated as "póliza integrada", that is, a policy on which no further payments are to be made in the way of annual premiums.
Definition of paid-up policy as per West's Law & Comm. Dic.
Regards, Sery
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Note added at 2001-12-27 19:06:48 (GMT)
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Surrender Value: In insurance, the current value of a policy which will be paid to the policyholder when he elects to surrender the policy.
Definition of paid-up policy as per West's Law & Comm. Dic.
Regards, Sery
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Note added at 2001-12-27 19:06:48 (GMT)
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Surrender Value: In insurance, the current value of a policy which will be paid to the policyholder when he elects to surrender the policy.
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