GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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16:48 Mar 17, 2004 |
Spanish to English translations [PRO] Law/Patents - Law (general) | |||||||
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| Selected response from: KirstyMacC (X) Local time: 03:32 | ||||||
Grading comment
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Summary of answers provided | ||||
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4 +1 | period of enforcement |
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3 | Levy and distraint (for taxes?) period; (debts/taxes) anti-avoidance period |
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period of enforcement Explanation: as determined by law (as against "período voluntario"), as per context below: I'd thus say, "the company has no current enforceable tax debts".... Reference: http://www.psoecyl.com/imagenes/documentos/M2003.pdf |
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Levy and distraint (for taxes?) period; (debts/taxes) anti-avoidance period Explanation: Lit. enforcement period. Prev. ProZ.Com answers for periodo ejecutivo de pago may not apply here. 'Levy of distress' is narrow and of movable goods for unpaid rent and taxes. Levy - of execution - and distraint are wider and can also be of real estate. Anti-avoidance - a 'quarantine' period during which no disposals of property by the debtor are allowed to save property for the creditors. '... The IRS possesses power of *levy*, referred to as DISTRAINT by the Flora decision, and usually sends out the next two sections to the bank or the fiduciaries ...' '... Times for levying distress 7. - (1) Subject to paragraph (2) below, a *levy of distress* shall commence only during the period between eight o'clock in the ... Reference: http://www.prostar.com/web/amerika/levypwr.htm Reference: http://www.legislation.hmso.gov.uk/si/si1997/97143101.htm |
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