Glossary entry (derived from question below)
Spanish term or phrase:
cesación de pagos
English translation:
default on payments
Added to glossary by
Claudia Luque Bedregal
Apr 22, 2008 20:18
16 yrs ago
29 viewers *
Spanish term
Italy
Accurate translations
Native in: Spanish
Works in: English to Spanish, Spanish to English, Spanish, and 5 more.
cesación de pagos
Spanish to English
Law/Patents
Law: Contract(s)
contrato de prestación de servicios de consultoría en proyectos mineros
Cualquiera de las Partes puede terminar el presente Contrato con anticipación, si la otra Parte se encuentra en alguna de las siguientes situaciones:
- reconozca por escrito su imposibilidad de pagar sus deudas en forma general o ingrese a una situación de cesación de pagos;
- ....;
- ....
Muchas gracias!
- reconozca por escrito su imposibilidad de pagar sus deudas en forma general o ingrese a una situación de cesación de pagos;
- ....;
- ....
Muchas gracias!
Proposed translations
(English)
| 5 +4 | default |
David Hollywood
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| 4 +7 | suspension / cessation of payments |
Juan González Pérez
|
| 4 +1 | Suspension of payments |
Gad Kohenov
|
| 3 | (approx. pers. & corp.) voluntary receivership |
Adrian MM. (X)
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Proposed translations
+4
4 hrs
David Hollywood
Native in English
worked for int. orgs (IMF, OAS, IDB)
Native in: English
Works in: Spanish to English, German to English
Related KudoZ points
:
700
Selected
default
sorry but this is the correct term ...
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Note added at 4 hrs (2008-04-23 00:41:08 GMT)
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La noticia de una inminente cesación de pago (default) conmocionó a Wall Street. Ante esta amenaza al sistema bancario de los Estados Unidos, Washington se ...
www.popline.org/docs/1654/296619.html - 4k - Cached - Similar pages
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Note added at 4 hrs (2008-04-23 00:42:09 GMT)
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be in defaullt
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Note added at 4 hrs (2008-04-23 00:59:39 GMT)
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came in late on this one but I am sure this means "default on"
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Note added at 4 hrs (2008-04-23 00:41:08 GMT)
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La noticia de una inminente cesación de pago (default) conmocionó a Wall Street. Ante esta amenaza al sistema bancario de los Estados Unidos, Washington se ...
www.popline.org/docs/1654/296619.html - 4k - Cached - Similar pages
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Note added at 4 hrs (2008-04-23 00:42:09 GMT)
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be in defaullt
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Note added at 4 hrs (2008-04-23 00:59:39 GMT)
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came in late on this one but I am sure this means "default on"
4 KudoZ points awarded for this answer.
Comment: "Thanks a lot David!"
+7
9 mins
Juan González Pérez
Spain
Spain
Native in Spanish
Spain
My challenge: your needs
Native in: Spanish 
Works in: English to Spanish, French to Spanish, Spanish
suspension / cessation of payments
La segunda sería según el Diccionario IATE.
Saludos!
Juan
Saludos!
Juan
Peer comment(s):
| agree |
Richard Jenkins
12 mins
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Thanks Richard!
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| agree |
Edward Tully
: spot on!
45 mins
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Thanks Edward!
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| agree |
AllegroTrans
: yes, and possibly follow this with a short explanation in brackets, e.g. "a form of insolvency scheme"
2 hrs
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Thanks!
|
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| agree |
Victoria Porter-Burns
:
3 hrs
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Thanks!
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| agree |
jude dabo
3 hrs
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Thanks!
|
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| agree |
Nelida Kreer
: Cessation of payments es lo primero que me vino a la mente.
3 hrs
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Thanks!
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| agree |
MikeGarcia
: Suspension of payments....and Pat Mazzucco's Dictionary also agrees!!! This is a typical LA legal term, which is the previous step to judiciary insolvency/bankruptcy procedings.
12 hrs
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Thanks!
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+1
17 mins
Gad Kohenov
Israel
Israel
Specializes in field
Israel
30 years of experience+satisfied clients
Native in: French 
, Hebrew
Works in: English to Hebrew, Hebrew to English, French to Hebrew, and 8 more.
Related KudoZ points
:
83
Suspension of payments
Translation cesación in Spanish-English dictionary
cesación del fuego · cesante · cesantear. cesación sf cessation, suspension ♦
cesación del fuego ceasefire ♦ cesación de pagos suspension of payments
cesación del fuego · cesante · cesantear. cesación sf cessation, suspension ♦
cesación del fuego ceasefire ♦ cesación de pagos suspension of payments
2 hrs
(approx. pers. & corp.) voluntary receivership
Cessation and suspension of payments are not UK/US insolvency schemes. The Spanish & Lat. Am. forms are often used as an un-Christian way to defraud creditors and employees out of their money. Some Spanish lawyers have even changed careers as a result.
Example sentence:
Free Online Library: Booker T. Washington Insurance insolvent: historic firm enters voluntary receivership. by "Black Enterprise"; Business Ethnic, ...
Reference:
http://www.thefreelibrary.com/Booker+T.+Washington+Insurance+insolvent:+historic+firm+enters...-
Peer comment(s):
| neutral |
AllegroTrans
: My understanding is that under this regime, in many S. American countries, a receiver is not appointed, so "receivership" seems inappropriate here
47 mins
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Fair enough. But the immediate impact in the UK of a vol. receivership or liquidation is to suspend trading and payments, plus dismissal of all staff cf. Laker Airways 1978.
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