Glossary entry

Portuguese term or phrase:

ânimo de novar

English translation:

(the) will to novate

Added to glossary by Mike Davison
May 7, 2012 17:44
12 yrs ago
6 viewers *
Portuguese term

ânimo de novar

Portuguese to English Bus/Financial Finance (general) FINANICIAL CONTRACT
O presente Aditamento não constitui novação, não tendo as partes, assim, o ânimo de novar as obrigações assumidas no Convênio ora aditado,
Proposed translations (English)
4 +1 (the) will to novate
5 +1 desire to novate
5 desejo de reformar a dívida

Proposed translations

+1
7 mins
Selected

(the) will to novate

Peer comment(s):

agree Ivan Rocha, CT
1 hr
Thanks!
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4 KudoZ points awarded for this answer. Comment: "Thanks a lot, Cheers, Mike"
1 hr

desejo de reformar a dívida

apesar de o "ânimo de novar" significar o desejo de reformar (a dívida), pelo texto não há esse desejo.
Peer comment(s):

neutral Marlene Curtis : Portuguese to English
4 mins
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+1
2 hrs

desire to novate

"Novate" is essentially replacing an old debt with a new one - refinancing, if you will. From Aurelio:

2. Jur. Negócio jurídico pelo qual o devedor contrai com o credor nova dívida para extinguir e substituir obrigação anterior (novação objetiva) ou pelo qual é substituído o credor ou o devedor por terceiro (novação subjetiva). [V. delegação (4) e expromissão.]

It could also mean "to subrogate" if the second definition is chosen, but that does not seem to be what they mean; from the limited context provided it seems that they wish to amend a loan agreement, and not refinance it.

I would say "the desire to" rather than "the will to," as "to have the will" has another meaning that is not implied here. For instance, I can have the "desire" to go to the gym, but not the "will" to actually make it there.

Peer comment(s):

agree Martin Riordan
1 hr
neutral Marlene Curtis : I don't think "desire to novate" is the correct technical term. although it is the literal translation.
2 hrs
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