Glossary entry (derived from question below)
Spanish term or phrase:
cancelatorio
English translation:
extinguishing
Jul 10, 2002 06:17
21 yrs ago
7 viewers *
Spanish term
joana
con carácter cancelatorio
Non-PRO
Spanish to English
Bus/Financial
empleo
(Perú): La compensación por tiempo de servicios se deposita semestralmente por los empleadores con carácter cancelatorio, a nombre del trabajador y a elección individual de éste, en moneda nacional o extranjera, en una institución finaciera que se encuentre supervisada por la Superintendencia de Banca y Seguros o a cargo del empleador de acuerdo a los convenios individuales que se suscriban entre éste y cada trabajador.
Proposed translations
(English)
| 5 +1 | with extinguishing effect |
Paul Slocomb
|
| 4 +4 | by way of payment |
Paul Stevens
|
| 4 | subject to cancellation |
Esdena
|
| 4 | has the effect of a full discharge |
Jose Caceres
|
Proposed translations
+1
9 hrs
Selected
with extinguishing effect
"by way of payment" is OK, I guess, but "cancelatorio" has an even stronger meaning here. Not only does the employer make payment, but by so doing it extinguishes its obligation to the employee, despite the fact that the payment is not made directly to the employee.
4 KudoZ points awarded for this answer.
Comment: "I believe P. Steven's answer "to pay", but I think that yours is even more so, because of this idea of cancelling a debt after the deposit is made. Thank you, and everyone else who took the time to meditate my question and come up with a feasible translation."
59 mins
subject to cancellation
That seems to be the idea
+4
1 hr
Paul Stevens
Native in English
Accurate and reliable translations
Native in: English 
Works in: Spanish to English, French to English
Related KudoZ points
:
729
by way of payment
would be my interpretation of this since "cancelacion" in Latin American Spanish ofetn has the meaning of payment.
HTH
HTH
Peer comment(s):
| agree |
Esdena
: yes you are right. Cancelar=pagar. My answer is wrong
18 mins
|
|
Thank you
|
|
| agree |
Sarah Ponting
1 hr
|
|
Thank you
|
|
| agree |
Maria-Jose Pastor
6 hrs
|
|
Thank you
|
|
| agree |
Elizabeth Novesky
6 hrs
|
|
Thank you
|
3946 days
Jose Caceres
Peru
Peru
Native in Spanish
Peru
There's no substitute for experience.
Native in: Spanish
Works in: English to Spanish, Spanish to English, French to Spanish, and 3 more.
Related KudoZ points
:
4
has the effect of a full discharge
"Depósito que tiene el carácter de cancelatorio" - so it ends in the final payment made by the Central Reserve of Peru to an employee who leaves his job. This means the deposit the Bank has made is in full compensation for each and all its obligations with the exiting employee. I translate it as "This deposit has the effect of a full discharge"
Note: This applies when the Employer deposits the money in a banking institution; not when he gives the money directly to the employee.
Further note: In Peru, employees receive severance pay even if they resign of their own free will.
Note: This applies when the Employer deposits the money in a banking institution; not when he gives the money directly to the employee.
Further note: In Peru, employees receive severance pay even if they resign of their own free will.
Something went wrong...