ProZ.com global directory of translation services
 The translation workplace
Ideas
KudoZ home » Italian to English » Economics

chiusura del credito

English translation: end to all credit


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.
GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:chiusura del credito
English translation:end to all credit
Entered by: Francis Filippi
Options:
- Contribute to this entry
- Include in personal glossary

18:55 Oct 14, 2011
Italian to English translations [PRO]
Art/Literary - Economics
Italian term or phrase: chiusura del credito
«Le mie aziende – ha
spiegato l’imprenditore nel corso di un’intervista –
furono commissariate, pur non avendo mai ricevuto
nemmeno un decreto ingiuntivo. Ma il solo
atto di commissariamento piovuto come un fulmine
a ciel sereno, aggiunto all’intenzione manifestata
dalla magistratura di voler procedere ai
sequestri, furono sufficienti a destabilizzare l’intero
gruppo aziendale». Una leva, quella di indurre le
banche a chiedere il rientro immediato delle esposizioni,
che funziona sempre. Scattò, come previsto
da chi aveva architettato quel piano, la chiusura
immediata del credito.
Francis Filippi
Local time: 19:50
end to all credit
Explanation:
In the context, "the banks called in all loans .... which triggered the end to all credit" i.e. when the banks called in all loans, then suppliers for example refused to grant any credit, everybody wanted cash.
Selected response from:

James (Jim) Davis
Italy
Local time: 19:50
Grading comment
3 KudoZ points were awarded for this answer



Summary of answers provided
4 +1end to all credit
James (Jim) Davis
3company was shut off from credit
alexmills
3revocation of credit(s)
Michael Korovkin


Discussion entries: 3





  

Answers


23 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
revocation of credit(s)


Explanation:
...

Michael Korovkin
Local time: 19:50
Works in field
Native speaker of: Native in EnglishEnglish, Native in RussianRussian
PRO pts in category: 4
Login to enter a peer comment (or grade)

1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
end to all credit


Explanation:
In the context, "the banks called in all loans .... which triggered the end to all credit" i.e. when the banks called in all loans, then suppliers for example refused to grant any credit, everybody wanted cash.

James (Jim) Davis
Italy
Local time: 19:50
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 340

Peer comments on this answer (and responses from the answerer)
agree  Linda Thody
12 hrs
Login to enter a peer comment (or grade)

20 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
company was shut off from credit


Explanation:
I would rephrase it like this


    Reference: http://articles.sfgate.com/2008-10-04/news/17135523_1_financ...
alexmills
Local time: 13:50
Specializes in field
Native speaker of: Native in ItalianItalian, Native in EnglishEnglish
Login to enter a peer comment (or grade)




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: