Glossary entry

Bulgarian term or phrase:

масово блокиране на сметки

English translation:

mass blocking / levying of bank accounts, mass account blocking

Added to glossary by Veta Anton
Mar 19, 2011 10:57
13 yrs ago
Bulgarian term

масово блокиране на сметки

Bulgarian to English Bus/Financial Finance (general)
Започна масово блокиране на сметки по искане от трета заинтересована страна.
Change log

Mar 24, 2011 09:27: Veta Anton changed "Edited KOG entry" from "<a href="/profile/1133152">Veta Anton's</a> old entry - "масово блокиране на сметки"" to ""mass blocking / levying of bank accounts / mass account ""

Mar 24, 2011 09:29: Veta Anton changed "Edited KOG entry" from "<a href="/profile/1133152">Veta Anton's</a> old entry - "масово блокиране на сметки"" to ""mass blocking / levying of bank accounts, mass account blocking""

Votes to reclassify question as PRO/non-PRO:

Non-PRO (1): Andrei Vrabtchev

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Proposed translations

+6
1 min
Selected

mass blocking of accounts / mass account blocking

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Note from asker:
Thanx for the helpful answer!
Peer comment(s):

agree Galina Rusinova
29 mins
Благодаря!
agree Yavor Dimitrov
1 hr
Благодаря!
agree petkovw
1 hr
Благодаря!
agree Petar Tsanev
1 hr
Благодаря!
agree Kendriya .
2 hrs
Благодаря!
agree David Mossop PhD
4 hrs
Благодаря!
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4 KudoZ points awarded for this answer. Comment: "Thanx!"
5 hrs

mass levying of (bank) accounts

A levy is a legal seizure of your property to satisfy a tax debt. Levies are different from liens. A lien is a claim used as security for the tax debt, while a levy actually takes the property to satisfy the tax debt.

If you do not pay your taxes (or make arrangements to settle your debt), the IRS may seize and sell any type of real or personal property that you own or have an interest in. For instance,

We could seize and sell property that you hold (such as your car, boat, or house), or
We could levy property that is yours but is held by someone else (such as your wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance, or commissions).


Example sentence:

Finally, the creditor may know where you bank and will issue a levying order to your financial institution. This process varies from state to state, but in general, a creditor can levy your account down to zero.

Note from asker:
Thanx for the helpful answer!
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