Oct 17, 2018 10:58
5 yrs ago
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English term
cash settlement or payment of settlement
English to French
Bus/Financial
Law: Contract(s)
DIVORCE DECREE
CASH SETTLEMENT
XXX shall pay to YYY the sum of R XXXX in full and final settlement of all claims that YYY may have arising out of the marriage.
Payment of the settlement referred to in paragraph 11.1 shall be made in full on or before XXXX 2013.
Should XXX fail to pay the amount specified in paragraph 11.1 above on the due date, she shall be liable for payment of interest at the prime rate charged by First National Bank from time to time, calculated on the outstanding balance from the date that the payment was due until the date that payment of the capital and accrued interest (if any) has been made in full.
The CASH SETTLEMENT is an item of the overall Settlement Agreement.
First item related to the immovable properties previously jointly owned by the spouses
Second item referred to the movable property
this item is the cash settlement
and the following one is "other assets"
I have translated the Settlement Agreement as "état liquidatif"
I don't think this item should be translated as Règlement en espèces, because it is a settlement in the same order of ideas as the Settlement Agreement. As is also shown by the term "payment of settlement". and to say "paiement du règlement"would not make sense at all.
Please could those of you who are very knowledgeable in this area, give me a carefully thought out suggested translation, and maybe some French links confirming the use of their suggestion.
XXX shall pay to YYY the sum of R XXXX in full and final settlement of all claims that YYY may have arising out of the marriage.
Payment of the settlement referred to in paragraph 11.1 shall be made in full on or before XXXX 2013.
Should XXX fail to pay the amount specified in paragraph 11.1 above on the due date, she shall be liable for payment of interest at the prime rate charged by First National Bank from time to time, calculated on the outstanding balance from the date that the payment was due until the date that payment of the capital and accrued interest (if any) has been made in full.
The CASH SETTLEMENT is an item of the overall Settlement Agreement.
First item related to the immovable properties previously jointly owned by the spouses
Second item referred to the movable property
this item is the cash settlement
and the following one is "other assets"
I have translated the Settlement Agreement as "état liquidatif"
I don't think this item should be translated as Règlement en espèces, because it is a settlement in the same order of ideas as the Settlement Agreement. As is also shown by the term "payment of settlement". and to say "paiement du règlement"would not make sense at all.
Please could those of you who are very knowledgeable in this area, give me a carefully thought out suggested translation, and maybe some French links confirming the use of their suggestion.
Proposed translations
(French)
| 4 +2 | règlement en espèces, paiement du montant convenu |
Eliza Hall
|
Proposed translations
+2
8 hrs
Eliza Hall
United States
United States
Native in English
Specializes in field
United States
Lawyer-Translator-Certified Interpreter
Native in: English (Variants: US, Scottish, Canadian, Irish, British, UK)
Works in: French to English, English to French
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règlement en espèces, paiement du montant convenu
See the discussion above for an explanation. This is simple: "cash settlement" refers to the type of settlement (one in which the parties have agreed that party A will pay money to party B), and the word "settlement" in "payment of settlement" actually means "settlement amount" (the quantity of money on which the parties have agreed).
4 KudoZ points awarded for this answer.
Comment: "Thank you Eliza!"
Discussion
J’appuie les deux propositions.
So in your document, "cash settlement" describes the type of settlement (thus, paiement en espèces) and "payment of settlement" means payment of the agreed amount ("paiement du montant convenu," or words to that effect).
Not sure why you are complicating things? This is actually pretty straightforward.
257-2 une proposition de règlement des intérêts pécuniaires et patrimoniaux des époux.
a proposal for settlement of the pecuniary and patrimonial interests of the spouses.
267 A défaut d'un règlement conventionnel par les époux, le juge, en prononçant le divorce, ordonne la liquidation et le partage de leurs intérêts patrimoniaux.
In the absence of a settlement agreed upon by the spouses, the judge, when declaring the divorce, shall order the liquidation and partition of their patrimonial interests.
Si le projet de liquidation du régime matrimonial établi par le notaire désigné sur le fondement du 10° de l'article 255 contient des informations suffisantes, le juge, à la demande de l'un ou l'autre des époux, statue sur les désaccords persistant entre eux.
If the draft of the liquidation of the matrimonial regime drawn up by the notaire appointed under Article 255, 10°, contains sufficient information, the judge, upon request of either spouse, shall rule on the enduring disagreements between them.
252-3 un projet de règlement des effets du divorce.
a draft settlement of the effects of divorce.
255 en vue de dresser un inventaire estimatif ou de faire des propositions quant au règlement des intérêts pécuniaires des époux
for the purpose of drawing up an estimative inventory or make proposals as to the settlement of the pecuniary interests of the spouses
Désigner un notaire en vue d'élaborer un projet de liquidation du régime matrimonial et de formation des lots à partager.
Appoint a notary on purpose of preparing a draft of liquidation of the matrimonial regime and of composition of the lots to be distributed.
https://www.legifrance.gouv.fr/Traductions/Liste-des-traduct...
Chère Germaine, je me suis basée sur le texte ci-dessus (lien) pour mettre état liquidatif. En effet Un état liquidatif est un acte rédigé par un notaire dans le cadre d'une procédure de divorce, lorsque le patrimoine des époux est composé de biens immobiliers communs et que l'un d'eux en reprendra seul la propriété à l'issue du divorce. C'est bien le cas ici, car les époux ont 4 biens immobiliers communs, que l'un d'entre eux reprendra après le divorce. Mais peut-être que je m'égare et j'ai plus confiance en ton bon sens que dans le mien!
RÈGLEMENT [EN ESPÈCES] [EN NUMÉRAIRE] [COMPTANT]
XXX paie à YYY la somme de XXXX en règlement complet et définitif de toutes prétentions que pourrait avoir YYY eu égard au mariage.
Le paiement intégral du règlement mentionné au paragraphe 11.1 est effectué au plus tard le...
Si le fait que "règlement" désigne à la fois la décision/conclusion et la somme consentie te gêne, peut-être peux-tu utiliser "indemnité" ou "allocation", mais ce n’est pas courant - ici, en tout cas.
1- I have translated the English Term "Settlement Agreement" as état liquidatif (this is in the context of a divorce).
2- as to the cash settlement does indeed describe the payment of actual money by X to Y
As for cash settlement, could you clarify what the settlement agreement says will be done? Is any cash (or equivalent, e.g. bank accounts) being conveyed from party X to party Y? Are non-liquid assets, such as real estate or personal property, being transferred?
It sounds like all of that is happening, and the part of the settlement agreement that refers to "cash settlement" is describing the payment of actual money by X to Y. Is that the case?