suspensión de pagos
/suspensjon de paɡos/from spelling rules
In Spanish, debt default is translated as suspensión de pagos.
The phrase suspensión de pagos is used in legal and financial contexts to describe a state of insolvency or the inability to meet debt obligations, specifically the failure to pay the required amount of a loan or debt on the agreed date.
What does it mean word for word?
The phrase literally translates to suspension of payments.
How does it change in a sentence?
This is a noun phrase where pagos is the plural form of pago (payment).
Did you know?
- The word pago comes from the same root as the English word 'pay', as both trace back to the Latin pacare, meaning 'to pacify' or 'to appease'.
- While suspensión de pagos is a noun, the verb suspender can also mean 'to fail' an exam in Spain.
- In many Spanish-speaking legal systems, entering suspensión de pagos is a formal protective measure that actually prevents creditors from seizing assets immediately.
Examples in context
- La empresa enfrenta un incumplimiento de deuda debido a la falta de fondos.The company is facing a debt default due to the lack of funds.
- Hay muchos casos de morosidad debido a la mala gestión financiera.There are many cases of debt default due to poor financial management.
- La empresa entró en suspensión de pagos ayer.The company entered into debt default yesterday.
- Evitar la suspensión de pagos es su prioridad.Avoiding debt default is their priority.
- Hubo una suspensión de pagos en el banco.There was a debt default at the bank.
Example conversation
Daniel and María are discussing a financial news report.
- DanielMaría, ¿leíste sobre la suspensión de pagos del banco?María, did you read about the bank's debt default?
- MaríaSí, Daniel, es una noticia muy preocupante.Yes, Daniel, it is very worrying news.
- DanielNo creo que puedan pagar sus préstamos.I don't think they can pay their loans.
- MaríaEs probable que haya más crisis pronto.It is likely there will be more crises soon.
Sources
- IPA marked “from spelling rules” is derived from standard Spanish spelling, where Wiktionary gives none.
