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.

Proposed translations

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Selected

assigned creditor

presumably to do with factoring
Peer comment(s):

agree Ana Claudia Macoretta : or with the assignment of rights.
47 mins
agree James (Jim) Davis
13 hrs
agree Giovanni Orlando
19 hrs
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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.
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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