Glossary entry

Italian term or phrase:

insolvenza conclamata

English translation:

notorious insolvency

Added to glossary by Judith McLean
Jul 30, 2010 13:36
13 yrs ago
10 viewers *
Italian term

insolvenza conclamata

Italian to English Bus/Financial Business/Commerce (general)
This is a definition of a credit rating classification. I understand what they're trying to say but wondered if there was a specific translation that anyone knows of. Thanks

Default: corrisponde allo stato di insolvenza conclamata (sofferenza) o temporanea (incagli e crediti ristrutturati) ovvero in presenza di informazioni pubbliche negative che certificano uno stato di insolvenza preesistente.

Proposed translations

+2
3 hrs
Selected

notorious insolvency

Notorious, as opposed to simple insolvency.
This looks like a 19th century term; in modern times, have come across it only in rather stuffy (US) English legal writing.
Definition cited on web from A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856:
Insolvency may be simple or notorious. Simple insolvency is the debtor's inability to pay his debts; and is attended by no legal badge of notoriety, or promulgation. Notorious insolvency is that which is designated by some public act, by which it becomes notorious and irretrievable, as applying for the benefit of the insolvent laws, and being discharged under the same.
Peer comment(s):

agree Rosanna Palermo
7 hrs
agree Peter Cox
17 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks for your help"
12 mins

proclaimed insolvency

About 500 hits on google. Could it be it?
Peer comment(s):

neutral NicoleRZ : almost seems like it could use "overt" or "clear" maybe "apparent"
1 hr
Could be
Something went wrong...
3 days 9 hrs

blatant/manifest insolvency

...
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