Spanish to English translations [PRO]
Bus/Financial - Finance (general) / Guarantees, Balance Sheet descriptions | | Spanish term or phrase: pasivos por avales y garantias | Hello! Can anybody please kindly help me out with this tricky translation bit? I am actually translating from Italian into English, but the original text includes some phrases in Spanish. It's about guarantee granting and how the details are featured in balance sheets. My guess here is either "DEBTS from guarantees issued" (but doesn't sound right to me) or "LIABILITIES FOR GUARANTEES AND COLLATERAL".
The complete sentence reads:
For the purposes of account representation according to IAS principles, the current value of receivable commissions is to be entered in the balance sheet under both assets (entry: deudores varios, i.e. receivables: unpaid fees) and liabilities (entry: pasivos por avales y garantias, i.e. liabilities for guarantess and collateral) of the financial statement.
The Italian author is familiar with the technical language used in balance sheets but said that this was specific to the Spanish system and couldn't find anything quite similar in English.
Grateful in advance for any suggestions! Monica |
| Morelli KudoZ activityQuestions: 4 (none open) Answers: 0
Italy
| Local time: 09:48
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| | Selected response from:
  Edward Tully
Local time: 09:48
| Grading comment Many thanks for your kind help and detailed information!
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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5 mins confidence:   peer agreement (net): +1 liabilities for sureties and guarantees
Explanation:
Dictionary - Definition of guarantees - [ Traducir esta página ]
www.websters-online-dictionary.org/definition/guarantees3, 4.9977, liabilities for guarantees and sureties, surety and guarantee liabilities, guarantee and indemnity liabilities, liabilities from guarantees and ...
►liabilities for guarantees and sureties - Î¼ÎµÏ„Î¬Ï†Ï Î±ÏƒÎ ... - [ Traducir esta página ]
www.websters-online-dictionary.org/.../liabilities for guar... ...liabilities for guarantees and sureties - Î¼ÎµÏ„Î¬Ï†Ï Î±ÏƒÎ· & translation ...
Dictionary - Definition of sureties - [ Traducir esta página ]
www.websters-online-dictionary.org/dictionary.asp?dictionar... 4.9991, liabilities for guarantees and sureties, liabilities from ...
Mostrar más resultados de websters-online-dictionary.orgsurety > fiador; fianza - [ Traducir esta página ]
www.proz.com › ... › English to Spanish › Law/Patents - En caché27 Oct 2001 – liabilities for guarantees and sureties [4] Spanish Term fianzas y garantías. HTH Reference: http://europa.eu.int/eurodicautom/ ...
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Note added at 2 hrs (2011-07-17 11:08:27 GMT)
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Best not to use "security" here as you'll be using "securities" for "valores" elsewhere I imagine...
| Edward Tully
Local time: 09:48
Works in field
Native speaker of:  English
PRO pts in category: 647
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| | Grading comment | Many thanks for your kind help and detailed information! |
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10 hrs confidence: contingent liabilities in respect of guarantees
Explanation:
'Avales' and 'garantias' are both translated as 'guarantees' in English. They are off balance sheet or contingent liablities.
| Peter Riccomini
Spain
Local time: 09:48
Specializes in field
Native speaker of:  English
PRO pts in category: 20
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1 hr confidence: peer agreement (net): -1 liabilities for guarantees and security
Explanation:
garantia is NOT a guarantee, it is security
aval=guarantee.
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Note added at 5 days (2011-07-22 13:12:18 GMT) Post-grading
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You are welcome. Shame you chose a wrong answer.
| xxxFVS
Native speaker of: English
PRO pts in category: 220
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| | Notes to answerer
Asker: Thank you, FVS, for your contribution!
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| Changes made by editors |
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| Jul 22, 2011 - Changes made by Edward Tully: | | Created KOG entry | KudoZ term => KOG term |
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