fare novazioni e compensazioni
English translation: novate / set off
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| 22:04 Jun 9, 2015 |
| Italian to English translations [PRO] Law/Patents - Law (general) / Power of Attorney | |||||||
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|  Selected response from: EirTranslations Ireland Local time: 18:41 | ||||||
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| 5 +1 | novate / set off |
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Answers
2 hrs confidence: 
peer agreement (net): +1
peer agreement (net): +1novate / set off Explanation: I just worked on a document w these terms, pls see below thanks DEFINITION of 'Set-Off Clause' A legal clause that gives a lender the authority to seize a debtor's deposits when they default on a loan. A set-off clause can also refer to a settlement of mutual debt between a creditor and a debtor through offsetting transaction claims. This allows creditors to collect a greater amount than they usually could under bankruptcy proceedings. Novation: http://www.oxforddictionaries.com/definition/english/novatio... DEFINITION of 'Novation' 1.The act of replacing one participating member of a contract with another. 2. The exchange of new debts or obligations for older existing ones. http://www.investopedia.com/terms/n/novation.asp Reference: http://www.investopedia.com/terms/s/set-off-clause.asp |
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