fonds mandants

English translation: trust funds

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:fonds mandants
English translation:trust funds
Entered by: Elizabeth Yellen

21:56 Apr 17, 2014
French to English translations [PRO]
Law/Patents - Real Estate
French term or phrase: fonds mandants
This appears several times in a document about a lawsuit involving real estate companies:

« ' . . . a instauré un système qui ‘permettait à XXX de maîtriser les flux financiers et de placer les fonds mandants bénéficiant ainsi d'un avantage significatif en termes de trésorerie’ »

« les parties étaient convenues que les sommes versées lors des réservations (les fonds mandants) par les locataires qui sont les clients de XXX, seraient perçues directement par XXX, qui devait les reverser ultérieurement à XXX »

My educated guess is that it means deposit or maybe down payment, but since I'm not having any luck finding the term I was hoping to get confirmation. Thank you in advance.
Elizabeth Yellen
Local time: 06:46
trust funds
Explanation:
or client funds

For instance:
http://www.bridgmanpm.co.nz/property-news/the-truth-about-pr...
Selected response from:

Tim Webb
France
Local time: 12:46
Grading comment
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4 KudoZ points were awarded for this answer



Summary of answers provided
3trust funds
Tim Webb


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Answers


17 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
trust funds


Explanation:
or client funds

For instance:
http://www.bridgmanpm.co.nz/property-news/the-truth-about-pr...

Tim Webb
France
Local time: 12:46
Specializes in field
Native speaker of: English
PRO pts in category: 12
Grading comment
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