Glossary entry

Italian term or phrase:

compensazione volontaria

English translation:

voluntary offsetting

Added to glossary by xlationhouse
Jun 27, 2007 14:05
17 yrs ago
3 viewers *
Italian term

compensazione volontaria

Italian to English Bus/Financial Finance (general)
Qualora per effetto di forza di eccedenza delle somme incassate, il Concedente risultasse debitore dell'Utilizzatore e il Concedente medesimo fosse altresi` creditore nei confronti dello stesso Utilizzatore, in forza di crediti anche se non scaduti relativi al presente contratto di noleggio o ad altri contratti di divresa natura stipulati tra le parti, le eccedenza in questione potranno essere trattenute integralmente dal Concedente, operandosi in tal
modi la ** compensazione volontaria **di cui all' Art. 1253 del C.C.
Proposed translations (English)
3 +1 voluntary offsetting
Change log

Jul 8, 2007 11:06: xlationhouse Created KOG entry

Discussion

Rosanna Palermo Jun 28, 2007:
Ivana check this out..it helped me a lot (Italian law is convoluted) :o)
http://www.unisi.it/ricerca/dip/dir_eco/obbligazioni.htm

Proposed translations

+1
1 hr
Selected

voluntary offsetting

compensazione seems to be offsetting here; we are talking about debtor and creditor parties.

I found a few links for this suggested translation, including this one which seems to be in a similar context.

http://209.85.135.104/search?q=cache:ciKkaj38xCwJ:www.ecb.in...

If you do a search, however, watch out: you need to exclude the words carbon, climate and environment as it seems this term is also used for how nations get "credit" for their environmental impact actions.
Peer comment(s):

agree Rosanna Palermo
21 hrs
Thanks rfmoon!
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4 KudoZ points awarded for this answer. Comment: "Thank you!"
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