Glossary entry (derived from question below)
Italian term or phrase:
debiti privilegiati
English translation:
privileged debts
Added to glossary by
DCypher (X)
Mar 31, 2006 01:34
18 yrs ago
8 viewers *
Italian term
Italy
Native in: Spanish (Variant: Puerto Rican) 
, English (Variant: US)
Works in: Italian to English, Spanish to English, Italian to Spanish, and 1 more.
debiti privilegiati
Italian to English
Bus/Financial
Business/Commerce (general)
debiti privilegiati (TFR per circa 10 milioni di euro)
tfr= trasferiti?
debiti privilegiati trasferiti?
oppure trasferibili?
tfr= trasferiti?
debiti privilegiati trasferiti?
oppure trasferibili?
Proposed translations
(English)
| 5 +3 | privileged debts |
DCypher (X)
|
| 4 +1 | secured creditors or provisons |
Peter Cox
|
Proposed translations
+3
3 hrs
Selected
privileged debts
these have precedence above all other creditors in the event of bankruptcy/insolvency.
An example: "1. In the event of the bankruptcy or judicial liquidation of an undertaking, the workers employed therein shall be treated as privileged creditors either as regards wages due to them for service rendered during such a period prior to the bankruptcy or judicial liquidation as may be prescribed by national laws or regulations,..."
TFR (trattamento fine rapporto) falls within this category: see definition in glossary
An example: "1. In the event of the bankruptcy or judicial liquidation of an undertaking, the workers employed therein shall be treated as privileged creditors either as regards wages due to them for service rendered during such a period prior to the bankruptcy or judicial liquidation as may be prescribed by national laws or regulations,..."
TFR (trattamento fine rapporto) falls within this category: see definition in glossary
Peer comment(s):
| agree |
Claire Titchmarsh (X)
2 hrs
|
| agree |
Cathryn Taylor
: tfr = employee severance pay
9 hrs
|
| agree |
Alessandro di Francia (X)
10 hrs
|
4 KudoZ points awarded for this answer.
+1
4 hrs
secured creditors or provisons
as this relates to TFR. secured may be better than privileged
Discussion