Jun 7, 2016 14:49
8 yrs ago
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Italian term
\"creditore ceduto\"
Italian to English
Law/Patents
Law: Contract(s)
Law
Unfortunately I don't have the Italian file, but I need the correct translation of "creditore ceduto"
Thanks in advance.
Thanks in advance.
Proposed translations
(English)
4 +3 | assigned creditor | Thomas Roberts |
2 | (gen) assignee of a claim; post-novation creditor; factor of a receivable | Adrian MM. (X) |
Proposed translations
+3
1 min
Selected
assigned creditor
presumably to do with factoring
4 KudoZ points awarded for this answer.
3 hrs
Italian term (edited):
creditore ceduto
(gen) assignee of a claim; post-novation creditor; factor of a receivable
Depends on the context. Factoring could be one scenario.
Novation: rotation of parties to debt
In a novation (substitution of one debtor for another) cf. in FR délégant > the factor or post-novation creditor; délégataire > the new incoming debtor; délégué > the original outgoing debtor.
Assignment of claim: assignor, assignee and post-assignment debtor.
Novation: rotation of parties to debt
In a novation (substitution of one debtor for another) cf. in FR délégant > the factor or post-novation creditor; délégataire > the new incoming debtor; délégué > the original outgoing debtor.
Assignment of claim: assignor, assignee and post-assignment debtor.
Example sentence:
What is 'Novation' Novation is the act of replacing one party in a contract with another, or of replacing one debt or obligation with another. It extinguishes (cancels) the original contract and replaces it with another.
Il creditore cedente aliena ad un terzo, detto cessionario, il proprio diritto di credito, dietro il pagamento di un corrispettivo o a titolo gratuito.
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