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Bus/Financial - Business/Commerce (general) | | English term or phrase: pre-payment status | | In the event balances are past due and the total amount is greater than the amount secured by the Letter of Credit or Cash Deposit, Bonotel Exclusive Travel, at its discretion, will place said customer on a pre-payment status with fourteen (14) days notice for all arrivals. Accounts placed on pre-payment status and not maintained current or any payment on the account which is subsequently dishonored will result in a breach of contract and the company may present the Letter of Credit or Cash Deposit for immediate payments for all amounts past due. |
| | | Portuguese translation:status de pagamento antecipado | Explanation:
These are false friends. Pre-payment is different from pré-pagamento:
According to Barron's Banking Dictionary:
Prepayment
1. paying a loan or mortgage before maturity. A prepayment clause in a mortgage gives the borrower the option of retiring the mortgage indebtedness without penalty.
2. making extra payments toward an installment loan, or paying the outstanding balance in full. Early payments may reduce the amount of interest owed.
According to Bradesco webpage:
Pré-Pagamento
É uma forma de financiamento de exportação em moeda estrangeira, por meio de recursos captados de uma instituição estrangeira. É utilizado por empresas que necessitam financiar suas exportações na fase pré-embarque das mercadorias. |
| Selected response from:
  Joao Marcelo Trovao
Local time: 17:06
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The translation workplace 
