Pro-Tanto

AAA

DEFINITION of 'Pro-Tanto'

A Latin phrase meaning "for so much" which is often associated with a partial payment on a legal claim. A pro-tanto payment or settlement does not mean that an entire obligation has been met, but may provide the party paying the claim to avoid more extreme legal problems, such as bankruptcy.


INVESTOPEDIA EXPLAINS 'Pro-Tanto'

An example of a pro-tanto legal settlement would involve eminent domain. A local government looking to build a highway uses the power of eminent domain to seize land along the proposed route, and partially pays the owner of the property for the land. This payment does not mean that the landowner has no option to counter-claim.

RELATED TERMS
  1. Condemnation

    The seizure of a property by a public authority for a public ...
  2. Vostro Account

    The account that a correspondent bank, usually located in the ...
  3. Quid Pro Quo

    A Latin phrase meaning "something for something". This term is ...
  4. Pro Bono

    Professional services dispensed on a voluntary basis at no cost ...
  5. Licensed For Reinsurance Only

    A license that allows a company to engage in services related ...
  6. Plant Patent

    An intellectual property right that protects a new and unique ...
Related Articles
  1. How to Register Your Trademark
    Investing

    How to Register Your Trademark

  2. Filing A Patent
    Investing

    Filing A Patent

  3. Patents, Trademarks and Copyrights: ...
    Investing

    Patents, Trademarks and Copyrights: ...

  4. Protecting Your Idea: Should You Patent ...
    Investing

    Protecting Your Idea: Should You Patent ...

Hot Definitions
  1. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  2. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  3. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
  4. Call Risk

    The risk, faced by a holder of a callable bond, that a bond issuer will take advantage of the callable bond feature and redeem ...
  5. Parity Price

    When the price of an asset is directly linked to another price. Examples of parity price are: 1. Convertibles - the price ...
  6. Earnings Multiplier

    An adjustment made to a company's P/E ratio that takes into account current interest rates. The earnings multiplier is used ...
Trading Center