The term "impago" refers to the failure to fulfill a payment obligation. In economics and law, it is used to describe situations where individuals or entities do not settle debts or financial obligations on time. The frequency of the term "impago" is relatively high in both written and oral contexts, especially in legal and financial discussions.
El impago de la hipoteca puede llevar a la ejecución hipotecaria.
The default on the mortgage can lead to foreclosure.
La empresa ha declarado un impago significativo en sus cuentas.
The company has declared a significant non-payment in its accounts.
Si hay impago de la renta, el propietario puede iniciar un proceso legal.
If there is default in the rent, the landlord can initiate a legal process.
While "impago" itself is not commonly found in idiomatic expressions, it is related to several legal and financial terms. Below are some phrases that incorporate "impago":
El banco necesita declarar el impago para avanzar con el proceso legal.
The bank needs to declare the default to proceed with the legal process.
Consecuencias del impago
Consequences of non-payment
Las consecuencias del impago pueden incluir cargos adicionales y daños a la calificación crediticia.
The consequences of non-payment can include additional charges and damage to the credit rating.
Evitar el impago
To avoid default
Es importante planificar adecuadamente para evitar el impago de las deudas.
It's important to plan properly to avoid defaulting on debts.
Impago en serie
Series of defaults
The word "impago" is derived from the Spanish prefix "in-" meaning "not" and "pago," which comes from the verb "pagar," meaning "to pay." Thus, it literally translates to "not paying."
deuda (debt)
Antonyms: