waive, reduce or extend

English translation: waive the payemnt, reduce the payment, extend the time, or compromise claim

10:38 Jan 26, 2013

English language (monolingual) [PRO]
Law/Patents - Law (general) / Law

English term or phrase: waive, reduce or extend

1.4 The Trustees may waive, reduce or extend the time of payment of and compromise claims in favour of or against Trust Property.
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This sentence is a little bit confusing. May I complete it in the followng way?

1. waiving the payment of trust property;
2. reducing he payment of trust proper;
3. extend the time of payment of trust property;
4. compromose caims in favour of or against Trust Property.

or, "in favour of or against Trust Property" covers all 4 items?

Thanks.

Ms Faith

Selected answer:waive the payemnt, reduce the payment, extend the time, or compromise claim

Explanation:
1) The Trustees may waive the payment of claims in favour of or against Trust Property,
2) The Trustees may reduce the payment of claims in favour of or against Trust Property,
3) The Trustees may extend the time of payment of claims in favour of or against Trust Property
4) The Trustees may compromise claims in favour of or against Trust Property

Selected response from:

Béatrice Sylvie Lajoie
Local time: 00:49

Grading comment

4 KudoZ points were awarded for this answer

SUMMARY OF ALL EXPLANATIONS PROVIDED

3 +3

waive the payemnt, reduce the payment, extend the time, or compromise claim

Béatrice Sylvie Lajoie

renunciar, reduzir ou estender/aumentar

Martin Riordan

..thus favour Trust Property.com payment terms and all claims (for or against) over all others

Yvonne Gallagher

FYI

wenkost

Answers

32 mins confidence:

renunciar, reduzir ou estender/aumentar

Explanation:
Suggestion.

Martin Riordan
Brazil
Local time: 19:49
Specializes in field
Native speaker of:

English
PRO pts in category: 44

33 mins confidence:

peer agreement (net): +3

waive the payemnt, reduce the payment, extend the time, or compromise claim

Béatrice Sylvie Lajoie
Local time: 00:49
Specializes in field
Native speaker of:

French,

English
PRO pts in category: 8

Notes to answerer

Asker: This sounds quite reasonable. But I think the Trustees only have the right to waive, reduce or extend the time of payment of claims that are IN FAVOUR OF the Trust Property, and they have no right whether to waive or reduce or extend the timeframe of claims that are AGAINST the Trust Property.

Asker: Am I correct in the above statement?

2 hrs confidence:

..thus favour Trust Property.com payment terms and all claims (for or against) over all others

Explanation:
why not keep it as it is in the sentence? It seems perfectly clear

1.4 The Trustees may waive, reduce or extend the time of payment of and compromise claims in favour of or against Trust Property.

1. waiving Trust property payment;
2. reducing Trust property payment;
3. extending the timeframe for trust property payment ; (or extend terms of payment)
4. compromise all claims in favour of or against Trust Property.com

personally I would keep "compromise" but it can also be written as:

favour Trust Property.com over other payment terms and claims...

because it is "putting the Trust Property payment terms and claims, whether for or against them, first"

or

giving these payment terms and claims "preferential treatment "

Yvonne Gallagher
Ireland
Local time: 23:49
Specializes in field
Native speaker of:

English
PRO pts in category: 127

1 day 9 hrs confidence:

FYI

Explanation:
My understanding of the sentence is:

The trustee has the right to waive, reduce or extend the time of payment of, and compromise claims, in favour of or against Trust Property.

I added the commas after payment of, and claims. To me, the trustee has the right to peform all of the actions, in favor or against Trust Property which means they have all the control on the Trust Property.

wenkost
United States
Native speaker of: Chinese

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waive, reduce or extend

English translation: waive the payemnt, reduce the payment, extend the time, or compromise claim

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