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Spanish to English translations [PRO]
Bus/Financial - Finance (general) / Bank Contract | | Spanish term or phrase: tipo a la subasta | 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.
Is this a rate for the auction? or is this something else? |
| | | Selected response from:
Tom2004
Canada
Local time: 02:52
| Grading comment perfect! that was what I thought, but you confirmed it and I appreciate that.
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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15 mins confidence: 
3 hrs confidence:  peer agreement (net): +1 minimum bid amount at an auction sale
Explanation:
ie. "the amount fixed as a minimum bid amount at an auction sale..."
| Tom2004
Canada
Local time: 02:52
Works in field
Native speaker of:  English
PRO pts in category: 20
|
| | Grading comment | perfect! that was what I thought, but you confirmed it and I appreciate that. |
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The translation workplace 
