Glossary entry (derived from question below)
Portuguese term or phrase:
encontro de contas
English translation:
offsetting of accounts
Added to glossary by
Jeanne Zang
Jan 17, 2002 21:25
22 yrs ago
3 viewers *
Portuguese term
United States
Experienced, skilled, reliable
Native in: English 
Works in: French to English, Catalan to English, Spanish to English, and 1 more.
encontro de contas
Portuguese to English
Bus/Financial
Does this mean the consolidation of accounts?
"Proceder-se-á a um encontro de contas entre ABC e suas controladas com a eliminação de todos os débitos e créditos entre elas,..."
"Proceder-se-á a um encontro de contas entre ABC e suas controladas com a eliminação de todos os débitos e créditos entre elas,..."
Proposed translations
(English)
| 5 | offsetting of accounts |
Marian Greenfield
|
| 3 | settlement of accounts? |
Lia Fail (X)
|
Proposed translations
44 mins
Marian Greenfield
Native in English
Over 30 years in financial translation
Native in: English 
Works in: Spanish to English, Portuguese to English, English
Related KudoZ points
:
1930
Selected
offsetting of accounts
as explained for your other question, you compare payables and receivables and net them out whereever possible so as not to generate any funds flows.
4 KudoZ points awarded for this answer.
16 mins
settlement of accounts?
I can't be sure but if all the debits and credits are eliminated in an 'encontro' between X and Y then it seems like they have settled their accounts, adding up what each owes the other and setting the balances against each other
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