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≧锣 (BIG5)

English translation: bad loan provisioning

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Chinese term or phrase:称╄眀≧锣 (BIG5)
English translation:bad loan provisioning
Entered by: #41698 (LSF)
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06:39 Apr 1, 2003
Chinese to English translations [PRO]
Bus/Financial
Chinese term or phrase: ≧锣 (BIG5)
≧锣琌ぐ或種谅谅亩Write-off 盾?

材き兵
兜杜舦ぇ︳基莱Ι埃︳璸ぇ称╄眀ぇ緇肂非だ砞竚称╄眀ヘㄤ絋﹚眀莱┮矗称╄眀≧锣Τ闽杜舦ヘ称╄眀ぃì≧锣ぃìぇ计莱讽戳穕ア眀
犁穨τ祇ネぇ莱Μ眀蹿の莱Μ布沮莱籔獶犁穨τ祇ネぇ莱Μ眀蹿の莱Μ布沮だボ

Article 45

Valuation of all types of claims shall be based on the balance after deducting an estimated amount of allowance for uncollectible accounts, with the accounts of allowance for uncollectible accounts separately recognized. A receivable confirmed uncollectible shall be written off with the allowance already recognized. Should the allowance be insufficient, the difference shall be recognized as a current period loss.

Accounts receivable and notes receivable arising from the operating activities and those not arising from the operating activities shall be separately presented.
Yongmei Liu
United States
Local time: 16:03
[bad loan] provisioning
Explanation:
I would translate 旛掞曫挔壂鐉 as 'bad loan provisioning', meaning setting aside funds to cover 'potential write-offs'. This means the amount involved is still with the bank but transferred from one account to another. If the 'bad loan' is eventually recovered, this 'reserve amount' would be written back to normal account and be treated as a profit.

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Note added at 2003-04-01 09:55:09 (GMT)
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Normally, the loans that banks give out are counted as \'assets\' in their ledger (because it is supposed to be repaid). But when the loan is overdue and not repaid, it is termed \'delinquent loan\' and some form of offset need to be done from the \'asset\' and this is the purpose of \'bad loan provisioning\' which would exist until the \'bad load\' is either repaid or deleted from the \'asset account\' (written-off).
Selected response from:

#41698 (LSF)
Malaysia
Local time: 07:03
Grading comment
Thank you very much.
4 KudoZ points were awarded for this answer

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Summary of answers provided
3 +1[bad loan] provisioning
#41698 (LSF)


Discussion entries: 1





  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
[bad loan] provisioning


Explanation:
I would translate 旛掞曫挔壂鐉 as 'bad loan provisioning', meaning setting aside funds to cover 'potential write-offs'. This means the amount involved is still with the bank but transferred from one account to another. If the 'bad loan' is eventually recovered, this 'reserve amount' would be written back to normal account and be treated as a profit.

--------------------------------------------------
Note added at 2003-04-01 09:55:09 (GMT)
--------------------------------------------------

Normally, the loans that banks give out are counted as \'assets\' in their ledger (because it is supposed to be repaid). But when the loan is overdue and not repaid, it is termed \'delinquent loan\' and some form of offset need to be done from the \'asset\' and this is the purpose of \'bad loan provisioning\' which would exist until the \'bad load\' is either repaid or deleted from the \'asset account\' (written-off).

#41698 (LSF)
Malaysia
Local time: 07:03
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 35
Grading comment
Thank you very much.

Peer comments on this answer (and responses from the answerer)
agree  Chinoise
5 hrs
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