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Spanish to English translations [PRO]
Bus/Financial - Finance (general) / de Venezuela | | Spanish term or phrase: línea de crédito flotante | At first blush, I assumed "línea de crédito" is "line of credit" and that "flotante" might be "floating" "flexible", etc.
However, after a little research I found the following translations for "línea de crédito:"
accommodation line (Alcaraz Varó y Hughes) // credit line (Urrutia) // borrowing facility (Orellana)
So, what would the best translation be of this phrase from thish context?
PRIMERA: ABC, antes identificada, es propietaria y acreedora de varais cuentas con diferentes inversiones en diversos Bancos de los Estados Unidos de Norteamérica y extiende una línea de crédito flotante a favor de XYZ, antes identificada, hasta por la cantidad de DOS MILLONES DE DÓLARES AMERICANOS (USA$ 2.000.000,00) los cuales podrán ser movilizados y/o retirados de dichas cuentas en las suma o cantidades que considere conveniente, mediante el sistema de préstamos a corto plazo (overnight). |
| | | Floating Credit Line / floating line of credit | Explanation:
Floating Credit Line: During each order, the credit line is reduced with the order value. After an invoice(s) is(are) paid, the credit line will automatically be increased again with the amount of the invoice(s) paid. This implies that you should only request this credit line once. In case the credit limit is reached, ordering is only possible through Credit Card payments or after paying outstanding invoices.
https://nextdayoqaos.materialise.com/secured/creditinfo.asp
Appeal of CORAL S. VELLOCIDO - PS Docket No. DCA-47 - [ Traduzca esta página ]
In the interim Petitioner had received information from one of Wolf's agents that Wolf had a $15000 floating line of credit with its bank (Tr. 132; 145-46). ...
www.usps.com/judicial/1989deci/dca89-47fd.htm - 12k - En caché - Páginas similares
Baker & Sons Equipment Co. v. GSO Equipment Leasing, Inc (Ohio 05 ... - [ Traduzca esta página ]
To provide operating funds, GSO Equipment also obtained a floating line of credit from BancOhio, secured by an interest in all of GSO Equipment's inventory ...
www.assetprotectionbook.com/1993_OH_40347.htm - 81k |
| Selected response from:
Ana Brassara
Local time: 02:26
| Grading comment Thank you Anita and Paul.
4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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Automatic update in 00:
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6 mins confidence:  peer agreement (net): +3 Floating Credit Line / floating line of credit
Explanation:
Floating Credit Line: During each order, the credit line is reduced with the order value. After an invoice(s) is(are) paid, the credit line will automatically be increased again with the amount of the invoice(s) paid. This implies that you should only request this credit line once. In case the credit limit is reached, ordering is only possible through Credit Card payments or after paying outstanding invoices.
https://nextdayoqaos.materialise.com/secured/creditinfo.asp
Appeal of CORAL S. VELLOCIDO - PS Docket No. DCA-47 - [ Traduzca esta página ]
In the interim Petitioner had received information from one of Wolf's agents that Wolf had a $15000 floating line of credit with its bank (Tr. 132; 145-46). ...
www.usps.com/judicial/1989deci/dca89-47fd.htm - 12k - En caché - Páginas similares
Baker & Sons Equipment Co. v. GSO Equipment Leasing, Inc (Ohio 05 ... - [ Traduzca esta página ]
To provide operating funds, GSO Equipment also obtained a floating line of credit from BancOhio, secured by an interest in all of GSO Equipment's inventory ...
www.assetprotectionbook.com/1993_OH_40347.htm - 81k
| Ana Brassara
Local time: 02:26
Meets criteria
Specializes in field
Native speaker of:  Spanish
PRO pts in category: 114
|
| | Grading comment | Thank you Anita and Paul. |
|
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