Feb 4, 2020 21:21
4 yrs ago
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Spanish term
Pago de liberación
Spanish to English
Bus/Financial
Finance (general)
In a beneficiary audit engagement. The letter states X person is entitled to a sum of money, "con un pago de liberación" for a smaller amount of money. I am guessing this is a lien on the claim that is being paid out?
Proposed translations
(English)
| 3 +1 | settlement payment in accord and satisfaction |
Adrian MM.
|
Proposed translations
+1
1 hr
Adrian MM.
Austria
Austria
Native in English
Specializes in field
Austria
Retd.T&I, Barrister & Austro-Advokat
Native in: English (Variants: British, Scottish) 
Works in: Spanish to English, English to Spanish, French to English, and 5 more.
Related KudoZ points
:
147
settlement payment in accord and satisfaction
Declined
compare un pago liberatorio : a settement payment (West); a payment that extinguishes the > obligation (Butterworths) > the debt; full and final settlement (Alcaraz & Hughes).
Acceptance of a lower amount suggests an accord and satisfaction.
Acceptance of a lower amount suggests an accord and satisfaction.
Example sentence:
IATE: efecto liberatorio de un pago en effects of discharge of a payment
Accord and satisfaction is a contract law concept about the purchase of the release from a debt obligation. The release is completed by the transfer of valuable consideration that must not be the actual performance of the obligation itself.
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