English translation: compounded at the percentage rate
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Spanish to English translations [PRO] Bus/Financial - Finance (general) / Bank Contract
Spanish term or phrase:capitalizada al tanto por ciento
From a mortgage loan contract.
Context:
Cuando el prestatario arriende o ceda por cualquier título el uso de la finca en el presente otorgamiento hipotecada, con inclusión del de industria, cuando la renta anual capitalizada al tanto por ciento que resulte de sumar al interés legal del dinero, un 30 por 100 más, no cubra la responsabilidad total asegurada o el valor fijado para servir de tipo a la subasta, sin el consentimiento expreso por escrito del banco.
This looks like a compounded interest, but I don't really see how to translate this part of the sentence. "Capitalizada al tanto por ciento"...
Ok, I decided on "when the annual rent compounded at the percentage rate resulting from adding..."
Thank you Margarita. I appreciate your help. I also appreciate everyone else who answered this question. 4 KudoZ points were awarded for this answer
This is actually just a bid from a bank regarding a possible mortgage loan that they are proposing for a couple that wants to buy a house. Eventually, they will sign a contract which they word as "mortgage loan contract" in Spain. It's just the actual binding contract of the mortgage including the terms of the loan. I guess they are saying that the "annual income is compounded at X percentage rate which is a result of adding 30% to the legal interest of the money...." I don't know if it is an ongoing thing or not. I will have to ask the client in order to see because what you say makes sense. Compounding usually is when you have a running balance. It could be the case in this document or may just simply be an added percentage.
1) what is a mortgage loan contract? Do you mean mortgage contract? 2) why do you think this is compounded? where do you get that notion from? I really don't see that at all. Please explain.
18:09 Aug 22, 2004
Automatic update in 00:
Answers
5 mins confidence:
capitalized at X%
Explanation: Suggestion.
Xenia Wong Local time: 01:52 Specializes in field Native speaker of: Spanish, English PRO pts in category: 282
capitalized at so much percent/compounded at so much percent
Explanation: There are two kinds of interest: simple and compound. Both are expressed as percentages. A person makes a deposit with a financial institution, which promises a certain rate of interest per year, paid after specified intervals of time. With simple interest, the amount of the deposit remains the same, and the amount of interest is paid to the depositor at the end of each interval of time. With compound interest, the amount of the deposit rises because the interest is added to the deposit at the end of each interval of time.
For simple interest you would say:
"I deposited $1000 in a bank and received 4% per year simple interest for 2 years..."
For compound interest you would say:
"I deposited $1000 in a bank and received 4% per year compound interest for 2 years, compounded monthly"
or
"I deposited $1000 in a bank and received 4% per year compound interest for 2 years, capitalized monthly"
-------------------------------------------------- Note added at 45 mins (2004-08-22 14:28:08 GMT) --------------------------------------------------
tanto porciento=so much percent
PHYSICIST Local time: 01:52 Works in field Native speaker of: English, Spanish
compounded at the percentage rate resulting from...
Explanation: I think renta here is "income"
Effective Annual Rate
... Plan 1: 8.0% annual percentage rate, compounded monthly. Plan 2: 7.9% annual percentage
rate, compounded daily. i eff for plan 1: i eff = (1 + r/k) k - 1. ...
id.mind.net/~zona/mmts/functionInstitute/ exponentialFunctions/effectiveAnnualRate.html
Margarita Palatnik Local time: 03:52 Specializes in field Native speaker of: Spanish PRO pts in category: 607
Grading comment
Ok, I decided on "when the annual rent compounded at the percentage rate resulting from adding..."
Thank you Margarita. I appreciate your help. I also appreciate everyone else who answered this question.
the amount of the annual rent has an some interest rate added to it
Explanation: in my opinion, capitalize here means to add on an interest rate...
ie
1,000 dollars a year PLUS 2%....this is not described IN ENGLISH, as capitalize...it is merely ADDING a percent of interest to the amount of the rent...in English...the PERCENT of interest is an INTEREST RATE
capitalizada al tanto por ciento= some interest rate added to it [to the annual rent or annual rent amount....
I really think one has to translate this into real estate lingo..therefore would suggest you NOT USE capitalize...in English capitalisation means something else!
-------------------------------------------------- Note added at 2 hrs 47 mins (2004-08-22 16:30:43 GMT) --------------------------------------------------
FINAL; the amount of the annual rent has some interest rate added to it...
-------------------------------------------------- Note added at 3 hrs 13 mins (2004-08-22 16:56:48 GMT) --------------------------------------------------
OR
the amount of annual rent has some percent of interest....
-------------------------------------------------- Note added at 4 hrs 30 mins (2004-08-22 18:13:17 GMT) --------------------------------------------------
as far as I know, mortgages are NEVER compounded...INTEREST PAID TO people that have accounts may be compounded....but NOT mortgages..at least not in any universe I know...but i could be wrong...
compound interest= as the amount in your savings account builds up, the bank applies the interest rate to the total amount you know have...compound interest can be PAID OR CHARGED..but not on mortgages...
Jane Lamb-Ruiz Specializes in field Native speaker of: English, Portuguese PRO pts in category: 443
The translation workplace 
