Oct 19, 2010 08:44
13 yrs ago
6 viewers *
Italian term

il beneficio della divisione

Italian to English Law/Patents Law (general) Civil Code
My text is a bank guarantee.
"Alla Società è comunque riservato il beneficio della divisione ai sensi dell'art. 1947 C.C."
http://www.finanziamenti-fideiussioni.com/norme/codice-civil... literal translation sounds wrong: "The benefit of the division is reserved for the Company pursuant to article 1947 of the Civil Code"

Proposed translations

+2
6 mins
Selected

reserves the right to require the division of claims

Article 1947 concerns the division of claims against multiple guarantors to the part of the overall amount guaranteed by each. Where this right is available, the defendants may require the creditor to sub-divide its claim.
Peer comment(s):

agree Magda P.
38 mins
agree Linda Thody : also known as beneficium divisionis
1 hr
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4 KudoZ points awarded for this answer. Comment: "This it what I used. Many thanks!"
7 mins

the paper profit of the dividend yiels

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www.forbes.com/.../meadwestavco-packaging-paper-pf-ii-in_jd... -
Dollar Profit/(Loss), $5.00, $10.25, $15.76, $21.55. Compound Yield, 5%, 5.4% ... Gross Profit Margin, Operating Profit Margin, ROI ratio, Dividend yield, .... that paper profit or unrealized gain into an actual or realized gain. ...
en.wikipedia.org/.../Rate_of_return
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4 hrs

the benefit of division


See Black's Dictionary of law: The surety's right to be sued only for a part of the debt proportionate to the number of solvent co-sureties.
Example sentence:

When a call is made on a bank guarantee or performance bond, the benefit of division is the right of one of the sureties to limit his liability to his share, subject to having to assume his part of the share of any fellow surety who becomes insolvent.

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8 hrs

the plea of pro rata severance of the debt

so someone - the guarantor or creditor - is allowed to split the claim rateably.
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