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Spanish to English translations [PRO]
Bus/Financial - Finance (general) / Spain | | Spanish term or phrase: leasing mobiliario | Operaciones de renting
La resolulción de operaciones de renting corresponde a CxG Renting, S.L. Las oficinas de Caixa Galicia que capten operaciones de este tipo, deberán presentar a dicha sociedad una propuesta de resolución, que se deberá adoptar por el Comité competente en función de los criterios generales y las atribuciones para Leasing Mobiliario concedidas a cada Comité, recogidos en esta Norma General, para su aprobación o denegación por dicha Sociedad. |
| | | leasing of movable goods (renting) | Explanation:
Mike: Silviantonia's answer is correct, but in a financial context, "leasing" is the rental of something for financial purposes: the Bank owns it, the lessee uses it, and generally there's a repo option after an xxx period of time at a pre-fixed residual value; the Bank deducts the amortization allowances from taxes, and the lessee the rental payments. It has always been applied to movable goods, but in the last years it has also been used for the financing of real estate properties. Thus the use of the word "renting". Since "renting" is already used in your text, I think that it is not necessary to add anything more to the translation.
Check with the Alcaraz Varó Hughes Financial, pages 414, 583 and 462.- |
| Selected response from:
MikeGarcia
Spain
Local time: 20:34
| Grading comment Muchas gracias, Miguel y Silvia
Mike :)
4 KudoZ points were awarded for this answer |
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28 mins confidence:   peer agreement (net): +1
8 hrs confidence: peer agreement (net): +1 leasing of movable goods (renting)
Explanation:
Mike: Silviantonia's answer is correct, but in a financial context, "leasing" is the rental of something for financial purposes: the Bank owns it, the lessee uses it, and generally there's a repo option after an xxx period of time at a pre-fixed residual value; the Bank deducts the amortization allowances from taxes, and the lessee the rental payments. It has always been applied to movable goods, but in the last years it has also been used for the financing of real estate properties. Thus the use of the word "renting". Since "renting" is already used in your text, I think that it is not necessary to add anything more to the translation.
Check with the Alcaraz Varó Hughes Financial, pages 414, 583 and 462.-
| MikeGarcia
Spain
Local time: 20:34
Specializes in field
Native speaker of:  Spanish
PRO pts in category: 448
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| | Grading comment Muchas gracias, Miguel y Silvia
Mike :) |
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| Changes made by editors |
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| May 23, 2007 - Changes made by MikeGarcia: | | Field (specific) | Management => Finance (general) |
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