La palabra del día: Cesación de pagos

Feminine noun. Also called insolvencia and suspención de pagos, it happens when a person, a company or a state cannot pay all the debts they have with their creditors due to lack of liquidity or cash. This situation unchains a procedure that aims to reach an agreement between the debtor and the creditors, under judicial supervision, on the way in which it will be paid. E.g.: A mediados de la semana bursátil, surgieron preocupaciones por una posible cesación de pagos, lo que detuvo a los operadores y arrastró el capital a las inversiones seguras: Default concerns hit the financial markets half way through the trading week, which put traders and their heels and pushed capital into safe haven investments. dc

add me
Whatsapp
Reddit
Online Spanish Courses for Lawyers, Business People and Civil Servants
Privacy Overview

This website uses cookies to provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to this website or displaying embedded content from other websites.