TERMIUM Plus®

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PAYMENT BREAK [4 records]

Record 1 2021-01-25

English

Subject field(s)
  • Taxation Law
  • Annuities (Insurance)
CONT

Commutation can provide a larger sum of money to a beneficiary who needs it now.... For the insurer, a commutation can help bring about a clean break in the relationship between the insurance company and the insured... Often, a disabled individual will convert their workers’ compensation periodic payment claim for life into a single lump-sum payment.

French

Domaine(s)
  • Droit fiscal
  • Rentes (Assurances)
OBS

Selon certains auteurs, le terme «commutation» est un faux ami dans ce contexte. Toutefois, le terme «commutation» est utilisé dans certaines lois et par certains spécialistes.

Spanish

Campo(s) temático(s)
  • Derecho fiscal
  • Anualidades (Seguros)
CONT

Una conmutación puede ser definida como un acuerdo por medio del cual el reasegurador y la cedente se liberan mutuamente de obligaciones y responsabilidades pasadas, presentes y futuras bajo el contrato del reaseguro a cambio de un pago como contraprestación.

Save record 1

Record 2 2014-07-21

English

Subject field(s)
  • Loans
  • Banking

French

Domaine(s)
  • Prêts et emprunts
  • Banque

Spanish

Save record 2

Record 3 2010-06-17

English

Subject field(s)
  • Commercial Law
  • Finance
CONT

A break fee or "bust-up fee", as it is sometimes called is a payment employed by the target corporation for the purpose of enticing another competitive bidder to enter the fray. It is paid to the competitive bidder when its bid fails or is superseded by a better offer.

French

Domaine(s)
  • Droit commercial
  • Finances
DEF

Indemnité versée à un acquéreur potentiel d'une entreprise dans le cas où l'opération envisagée n'est pas conclue pour des raisons stipulées dans une convention, notamment l'acceptation par le vendeur d'une offre concurrente.

OBS

La convention dans laquelle l'indemnité est prévue porte le nom de break-up fee agreement ou de termination fee agreement (convention d'indemnité de rupture des négociations).

Spanish

Save record 3

Record 4 2009-07-06

English

Subject field(s)
  • Commercial Law
  • Amalgamation and Partnerships (Finance)
CONT

Reverse break fees are a relatively recent development in Canada. A reverse break fee is intended to compensate the target with a cash payment in the event that the proposed transaction is terminated by the target as a result of the acquirer's failure to perform.

Key term(s)
  • reverse breakup fee
  • reverse bustup fee

French

Domaine(s)
  • Droit commercial
  • Fusion, absorption et coparticipation (Finances)
DEF

Compensation monétaire versée par l'acquéreur éventuel à la société visée par un regroupement d'entreprises afin de dédommager cette dernière en cas d'échec de la transaction projetée.

CONT

Dans le cadre de l'entente définitive de fusion entre Whirlpool Corporation et Maytag Corporation, Whirlpool a accepté de verser à Maytag, dans l'éventualité peu probable que les organismes de réglementation n'acceptent pas l'opération, une «indemnité de rupture inversée» de 120 millions de dollars.

Spanish

Save record 4

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