Mar 20, 2016 17:18
8 yrs ago
10 viewers *
Greek term

νομιμότοκα με τον τόκο επιδικίας ή άλλως με τον τόκο υπερημερίας

Greek to English Law/Patents Law (general)
να καταβάλλουν οι εναγόμενοι ολόκληρο το ποσό νομιμότοκα με τον τόκο επιδικίας ή άλλως με τον τόκο υπερημερίας

Proposed translations

1 hr
Selected

with lawful interest, with judgment interest or otherwise with statutory interest

See:

http://thesheriffsoffice.com/articles/claiming-judgment-inte...

http://ncalculators.com/interest/judgment-interest-calculato...

http://payontime.co.uk/the-a-to-z-glossary-of-common-credit-...

https://www.gov.uk/late-commercial-payments-interest-debt-re...

Judgment interest is also known as post-judgement interest, see:

http://www.uscourts.gov/services-forms/fees/post-judgement-i...

http://www.publications.parliament.uk/pa/cm200910/cmselect/c...

https://www.attorneygeneral.jus.gov.on.ca/english/courts/int...



--------------------------------------------------
Note added at 1 hr (2016-03-20 19:12:49 GMT)
--------------------------------------------------

A Judgment Interest is a debt levied on an individual, business or entity by a judge as a result of legal action. Judgement establishes that the judgment creditor proved to the judge or the court that he/she/it was owed money from the debtor for services rendered or property delivered to the debtor by the creditor.

Statutory interest is the interest you can charge if another business is late paying for goods or a service – in the UK, this is 8% plus the Bank of England base rate for business to business transactions. You can't claim statutory interest if there's a different rate of interest in a contract. However, the term ‘statutory interest’ only really applies to the UK or to former UK Commonwealth Countries. See:

http://www.lawdonut.co.uk/law/contracts-disputes/debt-recove...

For late payments on loans and/or in US English, the appropriate term is ‘default interest’. See:

The higher interest that a borrower must pay after default. If a borrower defaults on a loan, he/she must pay default interest in order to compensate a lender for the added risk of extending credit to him/her.
http://financial-dictionary.thefreedictionary.com/Default in...

http://www.investopedia.com/terms/d/defaultrate.asp

So an alternative way of writing your sentence would be, ‘with lawful interest, with judgment interest or otherwise with statutory (or default) interest’.


--------------------------------------------------
Note added at 2 hrs (2016-03-20 19:29:31 GMT)
--------------------------------------------------

Sorry, the first paragraph of my previous note was misleading, the following example should correct any misunderstanding:

https://books.google.co.uk/books?id=1DE5AAAAIAAJ&pg=PA152&lp...


--------------------------------------------------
Note added at 2 hrs (2016-03-20 19:46:13 GMT)
--------------------------------------------------

Also, to be more accurate, your sentence should really be, "with lawful interest, with the judgment (or post-judgment) interest or otherwise with statutory (or default) interest".

Because judgment (or post-judgment) interest rates can vary, whereas statutory (or default) interest rates are usually standard or fixed.
Something went wrong...
4 KudoZ points awarded for this answer.
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search