carácter mancomunado, independiente y proporcional

English translation: joint, several and proportional

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:carácter mancomunado, independiente y proporcional
English translation:joint, several and proportional
Entered by: Cathal Monaghan

14:16 Aug 28, 2019
Spanish to English translations [PRO]
Bus/Financial - Finance (general) / Banking/Property
Spanish term or phrase: carácter mancomunado, independiente y proporcional
Spanish (Spain) - English (UK)

This is from a CONTRATO DE COMPROMISOS Y DE OPCIÓN DE COMPRA

Full segment: "Cualesquiera obligaciones y/o compromisos de las Entidades Financiadoras y, XXXX en su condición de entidad financiadora bajo el Acuerdo de Reestructuración, bajo el presente Contrato tienen carácter mancomunado, independiente y proporcional en atención a su respectiva participación en el Acuerdo de Reestructuración en cada momento."

I think "carácter mancomunado, independiente y proporcional" may be "joint, several and proportional nature"?

using the following as references:

https://www.proz.com/kudoz/spanish-to-english/law-contracts/...
https://www.proz.com/kudoz/spanish-to-english/law-contracts/...

Many thanks!
Cathal Monaghan
Ireland
Local time: 01:39
joint, several and proporcional
Explanation:
https://www.wordreference.com/es/en/translation.asp?spen=man...

Joint Liability Defined - Investopedia
https://www.investopedia.com › ... › Debt
Apr 4, 2018 - Several liability (or proportionate liability) is when all parties are liable for just their own respective obligations. In effect, it is the opposite of joint
Selected response from:

bigedsenior
Local time: 17:39
Grading comment
I went with this answer in the end as it suited my specific case. Many thanks!
4 KudoZ points were awarded for this answer



Summary of answers provided
4joint
Laura Bojneagu
4joint, several and proporcional
bigedsenior
3are joint, several and pro(-)ratable in nature
Adrian MM.


  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
joint


Explanation:
"..under the present contract they (the rights and commitments of Financial Entities) are of a joint, independent and proportionate nature..."


    https://www.gedesco.es/blog/tipos-administradores/
Laura Bojneagu
United Kingdom
Local time: 01:39
Specializes in field
Native speaker of: Native in EnglishEnglish
Login to enter a peer comment (or grade)

3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
joint, several and proporcional


Explanation:
https://www.wordreference.com/es/en/translation.asp?spen=man...

Joint Liability Defined - Investopedia
https://www.investopedia.com › ... › Debt
Apr 4, 2018 - Several liability (or proportionate liability) is when all parties are liable for just their own respective obligations. In effect, it is the opposite of joint

bigedsenior
Local time: 17:39
Works in field
Native speaker of: English
PRO pts in category: 337
Grading comment
I went with this answer in the end as it suited my specific case. Many thanks!
Login to enter a peer comment (or grade)

6 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
tienen carácter mancomunado, independiente y proporcional
are joint, several and pro(-)ratable in nature


Explanation:
proporcional > proportionate, proportional, pro rata or rat(e)able; pro(-)rated = apportioned vs. appropriated.

tener carácter > suffix with 'in nature' or n status.

Compare ranking 'pari passu':

'Where exposures of other investors rank *pari passu* with the institution's exposure, the exposure value of the institution's exposure to an underlying asset should reflect the *pro-rata* distribution of losses amongst the exposures that rank pari passu.

Cuando las exposiciones de otros inversores tengan la misma prelación que la exposición de la entidad, el valor de la exposición de la entidad a un activo subyacente debe reflejar la distribución proporcional de las pérdidas entre las exposiciones que tengan la misma prelación.

Example sentence(s):
  • Proratable definition, to make an arrangement on a basis of proportional distribution.

    Reference: http://www.lawinsider.com/clause/direct-obligations-pari-pas...
    Reference: http://www.lawinsider.com/clause/apportionment-of-obligation...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 143
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