tasa variable de recuperación

English translation: variable recovery rate / variable rate of recovery

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Spanish term or phrase:	tasa variable de recuperación
English translation:	variable recovery rate / variable rate of recovery
Entered by:	trans4u

21:30 Mar 7, 2008

Spanish to English translations [PRO]
Bus/Financial - Finance (general)

Spanish term or phrase: tasa variable de recuperación

The context is a credit card offer. Here is some context. The term in question is near the end. I have heard of "tasa de recuperación" as "rate of return" on an investment, but that would not apply here, as this is a credit card. The offer is from an American company doing business in Mexico.

Thanks for any help.
______________________________________

A partir de noviembre de 2007, la Tasa
de Porcentaje Anual (APR) variable es de 11.87%, 12.37%, 17.87%, 18.37%, 21.37%, 21.87% ó 22.37%. Las Tasas de Porcentaje Anual (APRs) variables de morosidad serán de 26.99%;
27.49%. Las Tasas de Porcentaje Anual (APRs) variables de recuperación serán de 21.37%; 21.87%.

Alan Lambson KudoZ activity Questions: 664 (9 open) (9 without valid answers) (31 closed without grading) Answers: 214
Local time: 01:44

variable recovery rate / variable rate of recovery

Explanation:
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Note added at 1 day40 mins (2008-03-08 22:10:29 GMT)
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It's talking about the percentage rate of the credit card balance at which they can recover the bad debt. The rate at which they can collect on a past due credit card balance.

Selected response from:

trans4u
Local time: 01:44

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4 +5

variable recovery rate / variable rate of recovery

trans4u

Answers

22 mins confidence:

peer agreement (net): +5

variable recovery rate / variable rate of recovery

trans4u
Local time: 01:44
Native speaker of:

Spanish
PRO pts in category: 24

Grading comment

Selected automatically based on peer agreement.

Notes to answerer

Asker: Thank you. I have just never heard of a "recovery rate" applied to a credit card balance. Do you know what that means?

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