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.

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.

Investment dictionary. . 2012.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • pro tanto — pro tan·to /prō tan tō, tän / adv or adj [Late Latin]: for so much: to a certain extent the obligation is pro tanto discharged Uniform Commercial Code entered into a pro tanto release pending the appeal Merriam Webster’s Dictionary of Law.… …   Law dictionary

  • pro tanto — prōˈtan.(ˌ)tō Etymology: Late Latin : for so much : to a certain extent * * * pro tanto see pro 9 …   Useful english dictionary

  • pro tanto — лат. (про танто) соответственно. Толковый словарь иностранных слов Л. П. Крысина. М: Русский язык, 1998 …   Словарь иностранных слов русского языка

  • pro tanto — Latin phrase meaning for so much or as far as it will go (SA United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • pro tanto — Latin, lit. for so much; to such an extent …   Etymology dictionary

  • pro tanto — adverb Only to that extent …   Wiktionary

  • pro tanto — See prima facie …   Philosophy dictionary

  • pro tanto — [prəʊ tantəʊ] adjective & adverb to such an extent. Origin L., lit. for so much …   English new terms dictionary

  • pro tanto — /prow taentow/ For so much; for as much as may be; as far as it goes. Partial payment made on a claim. Commonly used in eminent domain cases to describe a partial payment made for the taking by the government without prejudice to the right of the …   Black's law dictionary

  • pro tanto — For so much; for as far as it goes; to such an extent …   Ballentine's law dictionary

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