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Spanish to English translations [PRO]
Bus/Financial - Finance (general) | | Spanish term or phrase: garantía de certificaciones | | from a document listing a board director's responsibilities...they have the power to take out loans with or without the above. |
| Barnaby GriffithsKudoZ activityQuestions: 155 (none open) ( 6 closed without grading) Answers: 8
| | Local time: 08:53
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| | Collateral Surety | Explanation:
Collateral Surety
Commercial paper which has been pledged as collateral for a loan.
http://www.smallbusinessloans.com/definitions/C/collateral_s...
A short-term financing technique for working capital purposes, loans to a company are collateralized by a security interest in a company's account receivables. Account receivables serve as collateral, and loans are made on a percentage of eligible assets pledged.
http://www.invoicefinancial.com/factoring-glossary.htm
See explanation:
Qué es un Préstamo con garantía de certificaciones?
Es un crédito con la garantía de las certificaciones o facturas emitidas por un organismo público y según unas determinadas condiciones. El límite del crédito se establece en función de las certificaciones o facturas aportadas.
Se trata de un anticipo, dentro del límite máximo del crédito, para disponer de hasta un determinado porcentaje sobre el importe nominal de cada una de las certificaciones o facturas que se traten.
http://portal1.lacaixa.es/Channel/Ch_Redirect_Tx?dest=1-57-1...
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| Selected response from:
Maria Luisa Duarte
Spain
Local time: 08:53
| Grading comment this is the one, gracias Maria Luisa
4 KudoZ points were awarded for this answer |
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