controcredito (in the sense of credit due as compensation)

English translation: set-off

13:00 Oct 20, 2016

Italian to English translations [PRO]
Bus/Financial - Law: Contract(s) / notice of objection against injunction to pay

Italian term or phrase: controcredito (in the sense of credit due as compensation)

From an action against injunction by way of counterclaim.

Company A, employed by company B, demands payment from B for the services listed in the services contract.
B claims A dismally failed to fulfil contractual obligations, so not only does A not want to pay B, it wants B to pay for damages caused as aresult of B not fulfilling its obligations (specifically, A suffered loss of profit because the camping site was not fully operational).

Voglia il giudice accertare e dichiarare che B è stata inadempiente, e per l’effetto quantificare il minor importo spettante a B per le attività espletate ed in accoglimento della domanda riconvenzionale, compensare tale importo con il *controcredito* di A a titolo di danni da lucro cessante subiti.

My question here, is there a specific word in English for 'controcredito'? or should I simply say '...by upholding the counterclaim, offset said amount with the credit due to A as compensation for loss of profits,...'

thanks!

Kreonia KudoZ activity Questions: 92 (none open) (2 closed without grading) Answers: 13 United Kingdom
Local time: 03:27

English translation:set-off

Explanation:
This term translates "compensazione"

Selected response from:

Giorgio Antonio Peraldini
Local time: 04:27

Grading comment

thank you - although I also agree with Raffaella.
4 KudoZ points were awarded for this answer

Summary of answers provided

3 +1

set-off

Giorgio Antonio Peraldini

amount due to A

CristianaC

Discussion entries: 1

Answers

51 mins confidence:

peer agreement (net): +1

set-off

Explanation:
This term translates "compensazione"

Giorgio Antonio Peraldini
Local time: 04:27
Works in field
Native speaker of:

Italian
PRO pts in category: 4

Grading comment

thank you - although I also agree with Raffaella.

1 hr confidence:

amount due to A

Explanation:
an option (or A's claim/receivable)
set-off this amount with the amount due to A by way of...

CristianaC
United Kingdom
Local time: 03:27
Works in field
Native speaker of:

Italian,

English
PRO pts in category: 168

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controcredito (in the sense of credit due as compensation)

English translation: set-off

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controcredito (in the sense of credit due as compensation)

English translation: set-off

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