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Reintegro total

English translation: Repayment in full

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:Reintegro total
English translation:Repayment in full
Entered by: Ruth Ramsey

13:37 Aug 22, 2022
Spanish to English translations [PRO]
Bus/Financial - Finance (general) / Term Deposit Account
Spanish term or phrase: Reintegro total
Term Deposit Account (Spain)

This appears as the last item in a list of transactions relating to a Term Deposit account.

Although "reintegro" can be translated as "refund", I don't think this would necessary correct in the context. I wondered if "full repayment" or "full withdrawal" would be more appropriate here as all of the funds have been withdrawn and transferred to another account. It appears that the account reached its maturity date a few days before the funds were withdrawn.

Many thanks in advance for your help.

"Operación
Ingreso por traspaso
Renovación
Vencimiento
Reintegro total"
Ruth Ramsey
United Kingdom
Local time: 17:50
paid/repaid/withdrawn in full
Explanation:
Here are some plain-English suggestions.
Selected response from:

philgoddard
United States
Grading comment
Many thanks, Phil.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +3paid/repaid/withdrawn in full
philgoddard
3 +2restitution in full
Jennifer Levey
4Full reimbursement
Daniel Coria
4 -2full reinstatement
Adrian MM.


  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -2
reintegro total
full reinstatement


Explanation:
Reinstatement in the first web ref, works also for funds, including ones clawed back into the same 'replenished' account.

Restitution connotes to me payback of moneys / monies wrongfully received or ones received in error. Cut to the English tort of unjust enrichment that used to encompass remedies in quasi-contract and that many readers - who have studied contract, the tort of (formerly) detinue or conversion & Equity and concerned themselves with the 'intersection' between - will be familiar with.

Example sentence(s):
  • Full reinstatement means any Defaulted Mortgage Loan for which the Mortgagor brings the Mortgage Loan back to a contractually current status either through a lump sum payment or otherwise consistent with the terms of the related Servicing Agreement.

    Reference: http://www.proz.com/kudoz/spanish-to-english/finance-general...
Adrian MM.
Austria
Meets criteria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 143

Peer comments on this answer (and responses from the answerer)
neutral  philgoddard: There is no 'reinstatement' - the account is being closed. Your reference to defaulted mortgages is irrelevant.
27 mins
  -> well, reinstatement ot restoration is more conclusive than your scattergun answer and mortage default is just one scenario https://www.lawinsider.com/dictionary/insurance-proceeds-rei... // still lies within the parameters of the word.
disagree  AllegroTrans: totally agree with PG; asker says the funds were transferred to another account; I completely fail to see what wrongfully received funds or mortgage defaults have to do with the asker's text
1 hr
  -> The funds had been reintated or restored to another a/c. The answer works better and is more conclusive than Phil G's scattergun answer https://www.lawinsider.com/dictionary/insurance-proceeds-rei...
disagree  patinba: Your answer is totally unrelated to the context provided.
5 hrs
  -> read the question again *carefully* https://www.lawinsider.com/dictionary/insurance-proceeds-rei... I know from banking law & practice that proceeds or funds can be restored or reinstated or restored to another a/c.
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
paid/repaid/withdrawn in full


Explanation:
Here are some plain-English suggestions.

philgoddard
United States
Meets criteria
Specializes in field
Native speaker of: English
PRO pts in category: 376
Grading comment
Many thanks, Phil.

Peer comments on this answer (and responses from the answerer)
agree  Andy Watkinson
13 mins
agree  AllegroTrans: Not easy to be sure of the correct term but it seems to be one of these // yes, that seems to be implied
1 hr
  -> Thanks. You could also say "account closed".
agree  patinba
4 hrs
disagree  Jennifer Levey: Your 3 'plain-English' suggestions are not synonyms, so at the very least you should rank them in order of likelihood in Asker's context.//'They are synonyms'. - Not so. See (i.a.): https://www.italki.com/post/question-265717
6 hrs
  -> They are synonyms. The money has been taken out of the account, and it's been closed. There's no "order of likelihood". And I just can't see "restitution" written on a bank statement.
agree  Ella Rich: full payment (at maturity)
8 hrs
agree  Andrew Bramhall
8 hrs
disagree  Adrian MM.: a totally confusing and inconclusive, scattergun answer. // only repaid lies within acceptable parameters of the word 'reintegro'. The other two 'translations' flanking repaid are, in your own words, irrelevant.
6 days
  -> "Totally confusing". That's good coming from you!
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47 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
restitution in full


Explanation:
https://www.lawinsider.com/clause/restitution-of-a-deposit

--------------------------------------------------
Note added at 7 hrs (2022-08-22 20:58:30 GMT)
--------------------------------------------------

Perhaps a better alternative would be 'redemption in full', as per this link from Banco de España:
https://clientebancario.bde.es/pcb/en/menu-horizontal/produc...

"The death of a deposit holder does not in any manner whatsoever imply the early maturity of the deposit and its subsequent redemption, unless the deposit agreement expressly envisaged early redemption of the deposit in the event of the death of the deposit holder.

In the case of a term deposit with various deposit holders on an “any-to-sign” basis, if one of the joint holders dies the term deposit may be early redeemed by any of the other joint holders, provided there are no restrictions on redemption of the deposit in the deposit agreement and no express conditions for the case of death of the deposit holder."

BTW, and for FWIW, 'reintegro' is called 'rescate' in Chile.

Jennifer Levey
Chile
Local time: 12:50
Does not meet criteria
Native speaker of: Native in EnglishEnglish
PRO pts in category: 96

Peer comments on this answer (and responses from the answerer)
agree  patinba: Also works.
5 hrs
neutral  AllegroTrans: Although not completely wrong I don't think a bank statement would likely use this term
7 hrs
agree  Luis M. Sosa: Agree with both restitution and redemption.
8 hrs
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4 days   confidence: Answerer confidence 4/5Answerer confidence 4/5
Full reimbursement


Explanation:
My 2 cents. Hope it helps!

Daniel Coria
Argentina
Local time: 13:50
Does not meet criteria
Specializes in field
Native speaker of: Native in SpanishSpanish
PRO pts in category: 84
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