liquidation of a loan

The Spanish term 'liquidación de un préstamo' translates to 'liquidation of a loan' in English. This is a financial process that refers to the act of paying off a loan in full, either at the end of the loan term or before the term end date. It essentially means that all the outstanding repayments are combined into a single lump sum, which has the effect of completely settling the debt. The term may also be used in situations where a borrower's assets are sold off to repay their loan.

Example sentences using: liquidación de un préstamo

La liquidación de un préstamo puede ser un proceso complicado.

The settlement of a loan can be a complicated process.

This phrase refers to the complexities involved in the process of settling a loan, indicating that it may require careful handling.

Antes de firmar, asegúrate de entender la liquidación de un préstamo.

Before signing, make sure you understand the settlement of a loan.

This sentence emphasizes the importance of understanding the terms and processes associated with a loan settlement before finalizing any agreements.

La liquidación de un préstamo se debe realizar dentro del plazo establecido.

The settlement of a loan must be completed within the established timeframe.

Here, the phrase highlights the necessity of completing the loan settlement process within a specific deadline, stressing the importance of time management.