Spanish: (gastos) detraídos diariamente en número de participacionesEnglish translation: (expenses) daily deducted/withheld in amount of holdings/shares 
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| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | | Spanish term or phrase: | (gastos) detraídos diariamente en número de participaciones | | English translation: | (expenses) daily deducted/withheld in amount of holdings/shares | | Entered by: | Deborah Lockett |
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Spanish to English translations [PRO]
Bus/Financial - Insurance / method of collecting Insurer\'s fees | | Spanish term or phrase: (gastos) detraídos diariamente en número de participaciones | | Context: "Gastos de Gestión: 0,50% anual devengado diariamente sobre el saldo del contrato al final de cada día, ***detraídos diariamente en número de participaciones***. 2,50% Comisión de suscripción sobre primas." -- This is an insurance policy where the "activo vinculado" is 3-YEAR NOTE ON DJ EUROSTOXX50. Each "participación" costs 1,000 euros and the policyholder has invested 7,000 euros. What I cannot understand is that the Insurers appear to be saying they will take their fees by reducing the number of "participaciones", but given the high value per "participación", I cannot see how this is possible. |
| | Clarification request(s) and responseMiguel Garcia Uriburu: 4:37pm Jul 7, 2007: Deborah, I am blushing!!! (What a beautifuuuuul tot/toddler you have!!!)
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| | (expenses) daily deducted/withheld in amount of holdings/shares | Explanation:
As per the context. "Detraído" means "removed, separated, taken away", so we are obviously talking of collecting the management expenses from the total amount represented by the holdings/shares; at the end of the day, total holdings amount to money, so it's just a question of gross versus net value. |
| Selected response from:
 Miguel Garcia Uriburu
Spain
| Note from asker to answererMasterly explanation, thank you!
4 KudoZ points were awarded for this answer |
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17 mins confidence:   |
| (expenses) daily deducted/withheld in amount of holdings/shares
Explanation:
As per the context. "Detraído" means "removed, separated, taken away", so we are obviously talking of collecting the management expenses from the total amount represented by the holdings/shares; at the end of the day, total holdings amount to money, so it's just a question of gross versus net value.
| | Note from asker to answerer| Masterly explanation, thank you! |
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