diligence fee

Hebrew translation: עמלת בדיקת נאותות

11:44 Oct 20, 2007

English to Hebrew translations [PRO]
Bus/Financial - Accounting / fees

English term or phrase: diligence fee

In an agreement for a service of obtaining an accepted loan:
"A DUE DILIGENCE fee equal to __% of the ___% is due prior to commencement of work by the XXX in procuring the loan for $_________________. Once the loan is accepted the DUE DILIGENCE will be returned."

Zehavit Ehre KudoZ activity Questions: 111 (none open) (1 without valid answers) (4 closed without grading) Answers: 35 Israel
Local time: 07:20

Hebrew translation:עמלת בדיקת נאותות

Explanation:
ראי דוגמאות

Selected response from:

beky4
Local time: 07:20

Grading comment

4 KudoZ points were awarded for this answer

Summary of answers provided

4 +1

עמלת בדיקת נאותות

beky4

5 -1

עמלת גילוי נאות (due diligence fee)

Iris Bat-Or

4 -1

עמלת טיפול/מאמץ/השקעה/שקדנות

Doron Greenspan MITI

Answers

1 hr confidence:

peer agreement (net): -1

עמלת גילוי נאות (due diligence fee)

Explanation:
"Due diligence is a term used for a number of concepts involving either the performance of an investigation of a business or person, or the performance of an act with a certain standard of care
גילוי נאות - מונח משפטי המתייחס לחובה המוטלת במקרים מסוימים על אדם או על ארגון
לגלות עובדות מהותיות אשר יש בהן כדי להשפיע על תוצאה של פעולה הנוגעת לצד שלישיWikipedia.

Reference: http://en.wikipedia.org/wiki/Due_diligence
Reference: http://he.wikipedia.org/wiki/%D7%92%D7%99%D7%9C%D7%95%D7%99_...

Iris Bat-Or
Local time: 07:20
Native speaker of:

English,

Hebrew

1 hr confidence:

peer agreement (net): +1

עמלת בדיקת נאותות

Explanation:
ראי דוגמאות

Reference: http://www.erp.org.il/news/new.asp?newID=286&catID=5
Reference: http://www.robolo.co.il/5/06/05/29/Robolo_540527.asp

beky4
Local time: 07:20
Native speaker of:

Hebrew
PRO pts in category: 8

4 hrs confidence:

peer agreement (net): -1

עמלת טיפול/מאמץ/השקעה/שקדנות

Explanation:
I believe the fee is not for taking due diligence, which is a practice you adhere to whenever you do this sort of thing.
It is for the diligence itself, i.e. the efforts you made - and is simply another form of service charge. See refs. below.

Example sentence(s):

Evergreen, which became an IDA member at the end of January, was paid a $30,000 diligence fee. (The fee is specified in the prospectus.) Also known as a work fee, the diligence fee covers the time and costs incurred by Evergreen in structuring and develop

Reference: http://myenergyreport.wordpress.com/2007/03/05/look-who%E2%8...

Doron Greenspan MITI
Israel
Local time: 07:20
Native speaker of:

Hebrew,

English

Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

Return to KudoZ list

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

See also:

ProZ.com term search

Search millions of term translations