Glossary entry

Spanish term or phrase:

volviendose este pagaré a la vista que causara...

English translation:

demand promissory note that accrues

Added to glossary by Sinead Nicholas
Dec 9, 2014 18:24
9 yrs ago
1 viewer *
Spanish term

volviendose este pagaré a la vista que causara...

Spanish to English Bus/Financial Finance (general) Funeral Expenses
From a Mexican financial document, from a funeral home, person has bought a plot and has to sign this document to agree to the monthly payments.
The full sentence is:
En el entendido de que la falta de pago puntual de cualquiera de ellos dara por vencido anticipadamente el adeudo total, volviendose este pagaré a la vista que causara un interes moratorio a razon del ___%
Target is U.S.
Thank You!

Proposed translations

+4
47 mins
Selected

demand promissory note that accrues

Saludos

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Note added at 58 minutos (2014-12-09 19:23:51 GMT)
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perdón...

shall be converted into a demand promissory note that accrues...
Peer comment(s):

agree patinba
13 mins
Gracias patinba
agree philgoddard
1 hr
gracias philgoddard
agree Andy Watkinson
1 hr
Gracias Andy
agree Sheila Critchley
16 hrs
Gracias Horvats
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Yes, thank you both!"
56 mins

Thus, the loan will morph into a demand note that will cause a moratory interest payment

As the total debt was not paid at maturity, the lender has the right to charge penalty interest payments
Peer comment(s):

neutral Sheila Critchley : "morph into" is surely much too informal in this context
15 hrs
Something went wrong...
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