cancelar un contrato anticipadamente

English translation: early termination of contract

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:cancelar un contrato anticipadamente
English translation:early termination of contract
Entered by: Sonia Maria

08:55 Sep 21, 2019
Spanish to English translations [PRO]
Marketing - Economics / Accounting report
Spanish term or phrase: cancelar un contrato anticipadamente
Al 31 de diciembre de 2017, XXX disponía de un contrato de instrumentos derivados financieros para cubrir el riesgo de fluctuación de los tipos de interés variable (Libor). Dicho contrato ha sido cancelado anticipadamente durante el ejercicio 2018.

¿Cuál sería el término más correcto para esta expresión?

Gracias!
Sonia Maria
Spain
early termination of contract
Explanation:
https://www.upcounsel.com/early-termination-contract
Selected response from:

bigedsenior
Local time: 17:51
Grading comment
Thanks a lot!
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +2cancel a contract before term (on a 'bookout')
Adrian MM.
4 +1early termination of contract
bigedsenior
4Said contract has been cancelled early
Enrique Soria


  

Answers


57 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
cancel a contract before term (on a 'bookout')


Explanation:
Cancel in advance would be ambiguous for pre-inception or pre-maturity.

British lawyers - Barristers & Solicitors - who have reportedly claimed, at UK translation workshops, that a contract cannot be 'cancelled' simpliciter would be well-advised to read - carefully - the UK Consumer Credit Act 1974.



Example sentence(s):
  • The act of cancelling a swap or derivative that is traded over the counter before its maturity date is called a bookout. ... The term can also be spelled out as book out or book-out. Bookouts can be done in a variety of ways.
  • A consumer may cancel such an agreement before the agreed expiry.

    Reference: http://www.investopedia.com/terms/b/bookout.asp
Adrian MM.
Austria
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8

Peer comments on this answer (and responses from the answerer)
agree  neilmac
47 mins
  -> Thanks and gracias!

agree  Valentina Caruso
3 hrs
  -> Gracias, grazie and thanks!
Login to enter a peer comment (or grade)

4 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
Said contract has been cancelled early


Explanation:
derivatives contracts are frequently cancelled early (or settled) based on changes in risk perception.

Enrique Soria
Mexico
Local time: 18:51
Works in field
Native speaker of: Native in EnglishEnglish, Native in SpanishSpanish
Login to enter a peer comment (or grade)

7 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
early termination of contract


Explanation:
https://www.upcounsel.com/early-termination-contract

bigedsenior
Local time: 17:51
Works in field
Native speaker of: English
PRO pts in category: 61
Grading comment
Thanks a lot!

Peer comments on this answer (and responses from the answerer)
agree  Laura Bojneagu
2 days 19 mins
  -> thanks, Laura
Login to enter a peer comment (or grade)



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