Glossary entry (derived from question below)
English term or phrase:
to settle the accounts
English answer:
to leave nothing outstanding
Added to glossary by
ErichEko ⟹⭐
Sep 13, 2016 11:51
7 yrs ago
31 viewers *
English term
settle the accounts
English
Law/Patents
Law: Contract(s)
Termination of Agreement
The Parties shall duly settle the accounts of this Agreement within a certain time period of the termination date.
Accounts that record transactions (accounting)?
Accounts that record transactions (accounting)?
Responses
4 +4 | leave nothing outstanding between them | AllegroTrans |
4 +1 | Complete all payments in full | Châu Nguyễn |
Responses
+4
2 hrs
Selected
leave nothing outstanding between them
i.e. finalise the accounts and make payments/adjustments so as to leave nothing owing from one party to the other and vice versa
4 KudoZ points awarded for this answer.
Comment: "Thanks!"
+1
37 mins
Complete all payments in full
The contracts i translated usually require this. This may be the case.
Peer comment(s):
neutral |
Sheila Wilson
: accounts can be amounts of money that are owed or are owing, i.e. not necessarily payments needed
1 hr
|
agree |
acetran
1 day 4 hrs
|
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