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conto oppegnorato

English translation: voluntarily pledged vs. forcibly garnished bank account

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:conto oppegnorato
English translation:voluntarily pledged vs. forcibly garnished bank account
Entered by: Adrian MM.

15:09 Mar 28, 2021
Italian to English translations [PRO]
Bus/Financial - Finance (general)
Italian term or phrase: conto oppegnorato
Not a massive financial expert in any language but getting there slowly - does "foreclosed account" sound about right for "conto oppegnorato" in Italian biz speak?

Thanks
Deep Sandhu
Italy
Local time: 10:19
vol. pledged vs. forcibly garnished bank account
Explanation:
I agree with Phil G. about more context, namely whether the account holder, as a 'pledgor' has assented to the assignment or whether it has been forced on the latter for some reason e.g. attached or distrained by a judgment creditor.

Foreclosure of a bank a/c may work in the USA cf. garnishment of wages and/or Canada, but not really in the UK cf. attachment of earnings.
Selected response from:

Adrian MM.
Austria
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4 KudoZ points were awarded for this answer



Summary of answers provided
3vol. pledged vs. forcibly garnished bank account
Adrian MM.
3a current account
Lisa Rosengard


Discussion entries: 2





  

Answers


52 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
vol. pledged vs. forcibly garnished bank account


Explanation:
I agree with Phil G. about more context, namely whether the account holder, as a 'pledgor' has assented to the assignment or whether it has been forced on the latter for some reason e.g. attached or distrained by a judgment creditor.

Foreclosure of a bank a/c may work in the USA cf. garnishment of wages and/or Canada, but not really in the UK cf. attachment of earnings.

Example sentence(s):
  • i) prescelta dal Costituente per canalizzare i relativi corrispettivi sul* Conto Oppegnorato e (ii) comunicata dal Costituente > Chargor < ai Creditori Pignoratizi > Chargees < ai sensi del* successivo Articolo 7, paragrafo (vi).
  • Garnishment, or wage garnishment, is when money is legally withheld from your paycheck and sent to another party.

    Reference: http://www.finanzaonline.com/forum/small-cap/1721689-exprivi...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 77
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Thanks for the feedback
Notes to answerer
Asker: Thank you, let me mull over your points

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7 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
a current account


Explanation:
Un conto oppegnorato è corrente ed è in uso.
Un conto pignorato è attacato o è stato chiuso in precedenza.

(EN: A current account is in use.
An account is attached and it has been closed previously.)


Lisa Rosengard
United Kingdom
Local time: 09:19
Works in field
Native speaker of: English
Notes to answerer
Asker: Thanks for your answer. Let me have a little think.

Asker: Thanks for the feedback, very helpful.

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