Pro-Tanto

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.


BREAKING DOWN '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. Just Compensation

    Compensation provided to an owner whose private real property ...
  2. Eminent Domain

    The power the government has to obtain the property of an individual ...
  3. Settlement Risk

    The risk that one party will fail to deliver the terms of a contract ...
  4. Land Contract

    An agreement between a buyer and seller of property in which ...
  5. Equitable Subrogation

    A legal doctrine that allows a party that has made payments on ...
  6. Obligation

    The responsibility to meet the terms of a contract. If an obligation ...
Related Articles
  1. Markets

    The Foundation Of Structured Settlements

    This annuitized payment setup should be arranged through impartial attorneys and tax agents.
  2. Professionals

    How To Make Money With Domain Names

    Domain names are hot commodities in today’s tech-centric world, and for good reason.
  3. ETFs & Mutual Funds

    What is a Settlement Date?

    A settlement date is the day a security trade must be settled.
  4. Investing

    Saving On Bankruptcy Costs

    Going bankrupt is awful enough without worrying about ways to pay for it. Here's how to save on lawyers, filing fees and other inevitable costs.
  5. Investing

    Inside National Payment Systems

    Investopedia explains: The global interconnection of U.S. payment systems makes commerical and financial transfers possible.
  6. Personal Finance

    Understanding Insurance Claims

    An insurance claim is a formal request made to an insurance company that asks for a payment based on the terms of the policy.
  7. Investing

    The Truth About IRS Tax Settlement Firms

    These companies claim that they can reduce or even eliminate what you owe to the IRS. Find out the facts behind this alluring fiction.
  8. Personal Finance

    A Guide To Debt Settlement

    Find out how you can negotiate your way to a lower debt load by paying up front.
  9. Markets

    Ceteris Paribus

    Also commonly translated as "all other things equal", learn more about this latin phrase and its application in economics.
  10. Personal Finance

    When is a Down Payment Used?

    A down payment is an initial cash payment on an expensive good.
RELATED FAQS
  1. When is a share purchase marked as 'settled' by a brokerage?

    Understand the process of purchasing stock, including ordering, clearing and settlement, and learn when a stock trade is ... Read Answer >>
  2. How will debt settlement affect my credit score?

    Learn how a debt settlement arrangement, though sometimes the best option to eliminate an outstanding debt, can negatively ... Read Answer >>
  3. Can a special needs trust protect my settlement from collections?

    I am on SSI and expecting a settlement from a class action lawsuit. I have several accounts in collections. I'm thinking ... Read Answer >>
  4. How do I find a good personal bankruptcy lawyer?

    Read how to find a good personal bankruptcy lawyer, and learn how much you can expect to pay for services if you are considering ... Read Answer >>
  5. How do I file a proof of claim against someone who has filed bankruptcy?

    Find out how to file a proof of claim as a creditor when someone who owes you money submits a bankruptcy petition, halting ... Read Answer >>
  6. Do I own a stock as of the trade date or the settlement date?

    When it comes to buying shares, there are two key dates involved in the transaction. The first date is the trade date, which ... Read Answer >>
Hot Definitions
  1. AAA

    The highest possible rating assigned to the bonds of an issuer by credit rating agencies. An issuer that is rated AAA has ...
  2. GBP

    The abbreviation for the British pound sterling, the official currency of the United Kingdom, the British Overseas Territories ...
  3. Diversification

    A risk management technique that mixes a wide variety of investments within a portfolio. The rationale behind this technique ...
  4. European Union - EU

    A group of European countries that participates in the world economy as one economic unit and operates under one official ...
  5. Sell-Off

    The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the ...
  6. Brazil, Russia, India And China - BRIC

    An acronym for the economies of Brazil, Russia, India and China combined. It has been speculated that by 2050 these four ...
Trading Center