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!
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
(English)
4 +1 | Suitability test | Ross Andrew Parker |
3 | consumer readiness test | David Russi |
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
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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
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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