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CASTIGAR cartera

English translation: accounted for/recorded portfolio losses


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:CASTIGAR cartera
English translation:accounted for/recorded portfolio losses
Entered by: MikeGarcia
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15:58 May 6, 2006
Spanish to English translations [PRO]
Bus/Financial - Finance (general) / Auditoria sobre ingresos y costos de organizaciones
Spanish term or phrase: CASTIGAR cartera
La organizacion CASTIGO cartera por creditos del Fondo Comunitario de Servicios
Erick Forero
Local time: 00:22
accounted for/recorded portfolio losses
Explanation:
"Castigar" acá significa dar de baja de la cartera los malos créditos.-
Selected response from:

MikeGarcia
Spain
Local time: 07:22
Grading comment
Muchas gracias Miguel, la explicación esta muy clara.
3 KudoZ points were awarded for this answer



Summary of answers provided
5 +1WRITE OFF portfolio
Richard Cadena
4accounted for/recorded portfolio losses
MikeGarcia


  

Answers


28 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
accounted for/recorded portfolio losses


Explanation:
"Castigar" acá significa dar de baja de la cartera los malos créditos.-

MikeGarcia
Spain
Local time: 07:22
Specializes in field
Native speaker of: Native in SpanishSpanish
PRO pts in category: 448
Grading comment
Muchas gracias Miguel, la explicación esta muy clara.
Login to enter a peer comment (or grade)

8 hrs   confidence: Answerer confidence 5/5 peer agreement (net): +1
WRITE OFF portfolio


Explanation:
"Castigar" in Spain is "Cancelar" in Spain. Loan losses, losses charged, or write-offs occur when it is determined that loans are unrecoverable. Write-offs occur only as an accounting entry. They do not mean that loan recovery should not continue to be pursued.
This definition is found on the following website:
CGAP: Donor Information Resource Center
... Gross Outstanding loan portfolio. What is a write off? Loan losses, losses charged, or write-offs occur when ... do not mean that loan recovery should not continue to be pursued ...www.cgap.org/direct/youhaveasked.php
Hope this helps.
More than 17 years translating for Mexico City based accounting firms, financial entities, and El Instituto Mexicano de Contadores Públicos, A. C.


    Reference: http://aicpa.org
    Reference: http://imcp.org.mx
Richard Cadena
Mexico
Local time: 00:22
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 331

Peer comments on this answer (and responses from the answerer)
agree  Daltry Gárate: O también "charge off"
2153 days
  -> Muchas gracias, Daltry. Sigo pensando que tuve la mejor respuesta, pero ni modo. Te mando muchos saludos desde México, D.F.
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