Glossary entry (derived from question below)
Spanish term or phrase:
los hipotecarios
English translation:
mortgage (credits/loans)
Added to glossary by
Charles Davis
Jul 10, 2014 22:34
9 yrs ago
Spanish term
los hipotecários
Spanish to English
Law/Patents
Human Resources
From Ecuador. Labor Code. Context = damages owed by employer to employee or to rightful claimants/heirs (on account of occupational injury/disease, death, etc.)
"Art. 401.- Crédito privilegiado.- Lo que se deba por concepto de indemnizaciones según este título se tendrá como crédito privilegiado, con preferencia, aun a los hipotecarios."
Article 401.- Priority payment by law.- Damages owed under this title shall be paid as a legal priority, con preferencia, aun a los hipotecarios.
I'm stumped. TIA.
"Art. 401.- Crédito privilegiado.- Lo que se deba por concepto de indemnizaciones según este título se tendrá como crédito privilegiado, con preferencia, aun a los hipotecarios."
Article 401.- Priority payment by law.- Damages owed under this title shall be paid as a legal priority, con preferencia, aun a los hipotecarios.
I'm stumped. TIA.
Proposed translations
(English)
| 4 +4 | mortgage (credits/loans) |
Charles Davis
|
| 5 | mortgage loans/credits |
Valeria Garibe
|
Change log
Jul 17, 2014 11:50: Charles Davis Created KOG entry
Proposed translations
+4
10 mins
Selected
mortgage (credits/loans)
It means (I think) that the credit referred to in this article shall be treated as a priority claim with preference even over mortgages (mortgage credits): "con preferencia, aun a los [créditos] hipotecarios". That comma after "preferencia" isn't required, and "hipotecarios" means "créditos hipotecarios".
It makes sense, because mortgages are normally preferential claims, with priority over other creditors.
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Note added at 11 mins (2014-07-10 22:46:17 GMT)
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You could perhaps say "take precedence even over mortgage credits" (or "liens").
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Note added at 50 mins (2014-07-10 23:24:44 GMT)
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Hi Melissa. It must mean mortgages owed by the employer, who is the person liable to pay the compensation. As you say in the question, this part of the Code is about compensation payable to employees by employers. So it must be talking about priority of debts owed by the employer.
It makes sense, because mortgages are normally preferential claims, with priority over other creditors.
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Note added at 11 mins (2014-07-10 22:46:17 GMT)
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You could perhaps say "take precedence even over mortgage credits" (or "liens").
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Note added at 50 mins (2014-07-10 23:24:44 GMT)
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Hi Melissa. It must mean mortgages owed by the employer, who is the person liable to pay the compensation. As you say in the question, this part of the Code is about compensation payable to employees by employers. So it must be talking about priority of debts owed by the employer.
Note from asker:
| Thank you. If this is the case, do I assume mortgages owed by the person receiving damages or owed by the person paying damages? |
Peer comment(s):
| agree |
patinba
1 min
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Thanks, Pat!
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| agree |
David Hollywood
13 mins
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Thanks, David :)
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| agree |
nweatherdon
1 hr
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Many thanks, NJ :)
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| agree |
MollyRose
: As you say. Basically, employer must put making it right to the employees even over employer's duty to make mortgage payments.
16 hrs
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Yep, that's what it comes to. Thanks, Molly :)
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4 KudoZ points awarded for this answer.
4 days
Valeria Garibe
Argentina
Argentina
Native in Spanish
Works in field
Argentina
En Sp Sworn/Technical 17 years exp.
Native in: Spanish (Variant: Argentine)
Works in: English to Spanish, Spanish to English
mortgage loans/credits
el texto hace referencia a los créditos hipotecarios cuando dice "los hipotecarios".
Discussion