Glossary entry

Spanish term or phrase:

intereses punitorios

English translation:

penalty interest

Added to glossary by aivars
Sep 16, 2002 18:06
21 yrs ago
12 viewers *
Spanish term

intereses punitorios

Spanish to English Bus/Financial Accounting accounting
Accounting term

Discussion

Non-ProZ.com Sep 16, 2002:
you might.. be right , it is probably not an accounting but legal term

Proposed translations

+9
8 mins
Selected

penalty interest

Interest paid as penalty for any breach of contract.
Vanina
Peer comment(s):

agree Marian Greenfield : thats it
7 mins
Thanks, Marian.
agree Guillermina Canale
28 mins
Gracias, Guillermina.
agree Peter Bagney : Yes, because the definition of intereses punitorios is Los intereses punitorios, a su vez, son aquellos que el deudor debe pagar como sanción o pena por el retardo o mora. (Tarjetas de Crédito y Defensa del Usuario, Wayar, Ernesto, pág. 253, Ed. Astrea)
55 mins
Thanks, Peter
agree Paul Slocomb
1 hr
agree claudia bagnardi
1 hr
agree Marcela García Henríquez
2 hrs
agree Henry Hinds
2 hrs
agree Ana Cicconi
5 hrs
agree María Eugenia Wachtendorff
6 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "muchas gracias"
+1
1 min

interest for punitive damages

Normally, we just say Punitive Damages in English but the above translation expresses your concept

It's not an accounting term, it's a legal term. FYI/ :)
Peer comment(s):

agree swisstell
5 mins
Something went wrong...
+1
4 mins

penalties interests

I have met the term in American legal texts
Peer comment(s):

agree Carola Vernet
1 hr
Something went wrong...
+1
28 mins

punitive interest

an exceedingly high interest rate. Many credit card companies charge a punitive interest to those customers who a chronically late
Peer comment(s):

agree María Marta Montesano
49 mins
Something went wrong...
+1
1 hr

default interest

Ariel / Diccionario de Términos Jurídicos:
"intereses de mora, punitivos or de demora": default interest, penal interest, interest for delayed payment

Note: "punitive damages" (from the same source) = "daños punitivos", "daños ejemplares"

Punitive damages is a legal term, referring to one of the types of damages the court may award in a judgment. Since your text is accounting, I assume it refers to default interest.
Peer comment(s):

agree Jane Lamb-Ruiz (X) : very interesting
1 hr
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