compromisos
English translation: transaction-related contingency
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| 09:01 Jan 22, 2001 |
| Spanish to English translations [PRO] Bus/Financial | |||||
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|  Selected response from: Yolanda Broad United States Local time: 10:31 | ||||
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| na | transaction-related contingency |
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Answers
6 mins
transaction-related contingency Explanation: Good thing you gave enough context. Not quite what you'd think! See the explanation, below. From Termium: English:Banking transaction-related contingency s CONT - Transaction-related contingencies relate to the ongoing business activities of a counterparty, where the risk of loss to the reporting institution depends on the likelihood of a future event that is independent of the creditworthiness of the counterparty. Essentially, transaction-related contingencies are guarantees that support particular performance obligations rather than supporting customers' general financial obligations. [Office of the Superintendent of Financial Institutions]. s Reference: http://www.termium.com |
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