Apr 26, 2010 16:54
14 yrs ago
3 viewers *
Spanish term

Test de conveniencia

Spanish to English Bus/Financial Insurance
This refers to a series of questions asked to a potential buyer of mortgage interest rate cover to test that they understand the contract and their rights and obligations:

An example:
Do you understand the main risk covered is that of your mortgage’s reference rate reaching the upper limit set during the period of the contract?

Any ideas what this "test" is called?

Thanks!

Proposed translations

+1
37 mins
Selected

Suitability test

To make sure the cover is suitable based on their needs/profile.

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Note added at 42 mins (2010-04-26 17:36:42 GMT)
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Not the same context, but "suitability test" is used here for investment products:

http://www.piraeusbank.gr/ecPage.asp?id=280755&nt=18&lang=2
Peer comment(s):

agree John Marais : yes I found the same also 'appropriateness test'
4 mins
Thanks, John.
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4 KudoZ points awarded for this answer. Comment: "perfect - thank you!"
22 mins

consumer readiness test

I don't know what it may actually be calles, but it sounds like it is a test of the consumer's readiness / understanding of the type of transactions he or she is attempting to undertake.
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