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  3. Finance (general)

Pago de liberación

21:21 Feb 4, 2020
Spanish to English translations [PRO]
Bus/Financial - Finance (general)
Spanish term or phrase: Pago de liberación
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?
Andre Borges
United States
Local time: 08:23


Summary of answers provided
3 +1settlement payment in accord and satisfaction
Adrian MM.


  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
settlement payment in accord and satisfaction


Explanation:
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.






Example sentence(s):
  • 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.

    Reference: http://iate.europa.eu/search/standard/result/1580855307139/1
    Reference: http://en.wikipedia.org/wiki/Accord_and_satisfaction
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 143

Peer comments on this answer (and responses from the answerer)
agree  AllegroTrans: right idea not sure if so many words are needed- "payment in full satisfaction" would do the trick
2 days 25 mins
  -> Thanks. I wanted to keep the options open, so either a settlement payment or an accord & satisfaction.
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