Glossary entry

English term or phrase:

to cancel, compromise or compound

French translation:

annuler, transiger ou régler une dette à l\'amiable

Added to glossary by Frédéric-Arnaud Durantet
Jul 25, 2019 09:30
4 yrs ago
14 viewers *
English term

to cancel, compromise or compound

English to French Law/Patents Law: Contract(s) Contrat de trust/fiducie
Dans une déclaration de trust, à propos des pouvoirs de l'administrateur :

"The trustee is authorized to cancel, compromise or compound any debts owing to the trustee."

J'ai quelques doutes sur la meilleur façon de restituer cette tournure. Si quelqu'un a une idée, merci d'avance !

Proposed translations

50 mins
Selected

annuler, transiger ou régler une dette à l'amiable

http://www.granddictionnaire.com/ficheOqlf.aspx?Id_Fiche=104...

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Note added at 50 minutes (2019-07-25 10:20:53 GMT)
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Je pense qu'il s'agit de 3 verbes
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4 KudoZ points awarded for this answer. Comment: "Merc beaucoup !"
14 mins

annuler, accepter un compromis ou un règlement de la dette à l'amiable

"compound - Wiktionary
https://en.wiktionary.org/wiki/compound
to compound a debt ... (intransitive) To come to terms of agreement; to agree; to settle by a compromise; usually followed by with before the person participating, ..."

http://www.granddictionnaire.com/ficheOqlf.aspx?Id_Fiche=104...

"Bases for compromise -

(1)Compromise. We may compromise a debt if the agency cannot collect the full amount based upon the debtor's inability to pay, inability to collect the full debt, the cost of collection, or if we are doubtful that the debt can be proven in court. "
https://www.law.cornell.edu/cfr/text/20/422.846
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Reference comments

1 hr
Reference:

Compounding a debt

"Compounding a debt refers to the making of an agreement between the debtor and creditor, whereby an alternative obligation in incurred in lieu or in satisfaction of the debt. ... The Court of Appeal clarified that, in order for a debt to be compounded, the original obligation must have been discharged."

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Note added at 1 hr (2019-07-25 11:01:48 GMT)
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https://legalforms.lawinfo.com/legal-documents/agreement-to-...

Agreement to Compromise Debt Form This document is an agreement between debtor and creditor to a lesser debt amount and both parties agree to comply with the lesser amount and the payment terms set forth.
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