Plazo (en. Term)

/ˈpl̺azo/

Meaning & Definition

EnglishSpanish

noun

Determined time within which an action must be performed or an obligation fulfilled.

The deadline to submit the application is April 30th.

El plazo para presentar la solicitud es el 30 de abril.

Time interval agreed upon between parties for the fulfillment of a contract.

We signed a contract with a six-month deadline.

Firmamos un contrato con un plazo de seis meses.

Time given for the payment of a debt or obligation.

The deadline for paying the invoice is 15 days.

El plazo para el pago de la factura es de 15 días.

From the Latin 'platus', which means 'flat' or 'time frame'.

fixed term

Term used to refer to a deposit of money that is kept in a financial institution for a specified time.

plazo fijo

grace period

Additional period granted to fulfill an obligation or make a payment.

plazo de gracia

delivery period

Stipulated time for the delivery of a product or service.

plazo de entrega

payment term

Deadline by which a payment must be made.

plazo de pago

approve a deadline

Accept the agreed time to carry out an action.

aprobar un plazo

extend a deadline

Extend the established time to fulfill an obligation.

prorrogar un plazo

An informal deadline among friends to carry out an activity.

We gave ourselves a week deadline to plan the trip.

Nos dimos un plazo de una semana para planear el viaje.

In the context of a commitment, a deadline that is prolonged due to indecision.

We left the deadline up in the air because we couldn't reach an agreement.

Dejamos el plazo en el aire porque no logramos ponernos de acuerdo.