Category: Business Spanish Courses Online – Legal Spanish Tips

Masculine noun. Pasivo is the total monetary value of the debts and liabilities of a company, institution or individual, and that are reflected in its accounting: Para los riesgos previsibles el Grupo constituye reservas en el pasivo del balance: Foreseeable risks are provisioned on the liabilities side of the balance sheet.
By the way, as an adjective, pasivo means passive. dc

Masculine noun. Activo is the set of all assets and rights with monetary value that are owned by a company, institution or individual. E.g.: Las inversiones en activos emitidos por el mismo emisor o por emisores pertenecientes a un mismo grupo no deberán exponer: Investments in assets issued by the same issuer or by issuers belonging to the same group shall not expose the undertaking.
By the way, as an adjective, activo means active. dc

Masculine noun. In Legal Spanish, a fallo is a sentence of a judge, an arbitrator or a court, and in it, especially, the decisive or imperative pronouncement. E.g.: El fallo del árbitro será vinculante y podrá ser presentado como sentencia y ejecutado ante cualquier tribunal de jurisdicción competente: The arbitrator’s award shall be binding and may be entered as a judgment and enforceable in any court of competent jurisdiction.
The verb is fallar.
By the way, fallo means also failure and fallar to fail. dc

Masculine noun. In Legal Spanish, otorgamiento means permission, granting, consent, license. E.g.: El otorgamiento de derechos a los grupos entraña el establecimiento o el fortalecimiento de instituciones populares locales: Granting rights to groups involves establishing or strengthening local people’s institutions.
The verb is otorgar. dc

Verb. This word is almost exclusively used in formal or legal contexts and it means to contribute or help something to happen or take place. E.g.: Los arreglos regionales podrían tener la ventaja de coadyuvar a ampliar la variedad de regímenes normativos: There is an advantage in the potential of regional arrangements to contribute to enlarging the variety of policy frameworks.
The noun is coadyuvancia and the adjective coadyuvante. E.g.: La “nueva” estrategia gubernamental es un diálogo sin la parte contraria, sin mediación, sin coadyuvancia, es decir, un monólogo: The “new” governmental strategy is a dialogue without the other part, without mediation, without collaboration; in other words, a monologue. dc