Spanish to English translations [PRO]
Bus/Financial - Law: Contract(s) / Insurance | | Spanish term or phrase: cesta de inversión afecta a la póliza | I have seen the term "basket of funds" in proz, though I don't think it means the same, and I've also seem on the internet "investment basket" but I haven´t found this term on major financial sites and think it may be a literal translation or not the correct term to use. Suggestions would be appreciate, pls see below thanks
La póliza xxxx es un contrato de seguro de vida entera, ligado a participaciones en la cesta de inversión afecta a la póliza.
La cesta de inversión afecta al contrato se compondrá de conjuntos de activos aptos para la inversión de las provisiones técnicas, de acuerdo con la legislación irlandesa aplicable en cada momento, de los que será titular la propia Entidad Aseguradora y que, reflejándose de forma separada en su balance, responderán a un perfil de riesgo o una política de inversión determinada |
| | | investment portfolio covered by the policy | Explanation:
"Investment basket" exists, but I would use "portfolio" for reasons of clarity.
[DOC]
Android Bane Set to lead the mobile phone Operating System ... https://www.scriptlance.com/cgi-bin/freelancers/portfolio.cg...
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The risk of a loss in which one may loose all of his investment can be minimized by diversifying his investment basket or portfolio. If a person has $100 and he ...
Feb 2005 www.scribd.com/doc/69413795/Feb-2005En caché - Traducir esta página
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19 Oct 2011 – ... mutual funds, pre-need contracts, money market placements, and many other vehicles are there to build your “investment basket” or portfolio.
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| Selected response from:
  Edward Tully
Local time: 09:05
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6 mins confidence:   peer agreement (net): +2 investment portfolio covered by the policy
Explanation:
"Investment basket" exists, but I would use "portfolio" for reasons of clarity.
[DOC]
Android Bane Set to lead the mobile phone Operating System ... https://www.scriptlance.com/cgi-bin/freelancers/portfolio.cg...
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Formato de archivo: Microsoft Word - Vista rápida
The risk of a loss in which one may loose all of his investment can be minimized by diversifying his investment basket or portfolio. If a person has $100 and he ...
Feb 2005 www.scribd.com/doc/69413795/Feb-2005En caché - Traducir esta página
Has publicado que a ti también te gusta esto. Deshacer
19 Oct 2011 – ... mutual funds, pre-need contracts, money market placements, and many other vehicles are there to build your “investment basket” or portfolio.
| Edward Tully
Local time: 09:05
Specializes in field
Native speaker of:  English
PRO pts in category: 846
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4 hrs confidence: peer agreement (net): +1 investment portfolio underlying the policy
Explanation:
I agree that "portfolio" is the ideal word for "cesta" here: better than "basket". It is the usual term for a "collection of investments held by an investment company, hedge fund, financial institution or individual"
http://en.wikipedia.org/wiki/Portfolio_(finance)
However, to my mind "covered by" is not the right expression for "afecta a". Something covered by a policy is protected by the policy, so that the policy compensates the beneficiary in the event of the thing covered being lost or damaged. The thing covered by a life insurance policy is the life of the insured person. "Covered by the policy" corresponds to "asegurado por la póliza". Normally investments are not covered by insurance policies, so this expression is unusual.
"Afecta a" means that the policies are linked to the investments, in the sense that the premiums are invested in this portfolio and the value of the policy derives from the performance of the investments. You might say that rather than the policy covering the investments, the investments "cover" the policy.
"Linked to the policy" would be a common way of expressing this, but I expect you may want to use "linked" for "ligada" just before this phrase, so I would recommend "underlying the policy".
"Variable Life Insurance (VL) is a permanent Life Insurance plan that provides flexible premiums and death benefits dependent on the value of the separate accounts from the company's investment portfolio underlying the policy."
http://www.newmaninsuranceservices.com/FAQ_s.html
"The value of the policy follows the increase and decrease in the value of the investments underlying the policy. I.e., the policy cash surrender value as well as the payout in the event of death vary according to the value of the underlying assets."
http://www.envisage.ch/insurance-solutions/private-placement...
"One type of whole life insurance is variable life insurance, in which the death benefit and cash value benefits vary in relation to the value of the investments underlying the policy."
http://gma3000.com/Insurance_types.htm
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Note added at 4 hrs (2012-01-19 15:54:48 GMT)
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An illustration of the meaning of "afecto a" in this context:
"Se imputará como rendimiento del capital mobiliario a que se refiere el artículo 25.3 de esta Ley, de cada período impositivo, la diferencia entre el valor liquidativo de los activos afectos a la póliza al final y al comienzo del período impositivo en aquellos contratos de seguros de vida en los que el tomador asuma el riesgo de la inversión."
http://petete.meh.es/Scripts/know3.exe/tributos/CONSUVIN/tex...
| Charles Davis
Local time: 09:05
Native speaker of: English
PRO pts in category: 176
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