Glossary entry

Spanish term or phrase:

efecto de actualizacion de prestamos de instituciones financieras

English translation:

financial institution loan updating impact

Added to glossary by Michael Powers (PhD)
Jul 30, 2009 22:31
15 yrs ago
1 viewer *
Spanish term

efecto de actualizacion de prestamos de instituciones financieras

Spanish to English Bus/Financial Finance (general) on an airline's financial statement(Mexico)
I understand we are referring to loans from financial institutions but what does "efecto de actualizacion" mean?

Thanks!
Change log

Aug 4, 2009 18:06: Michael Powers (PhD) Created KOG entry

Aug 4, 2009 18:07: Michael Powers (PhD) changed "Field (specific)" from "Aerospace / Aviation / Space" to "Finance (general)"

Proposed translations

+2
5 mins
Selected

financial institution loan updating impact

I believe this is what it means.

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Note added at 6 mins (2009-07-30 22:38:02 GMT)
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Specifically, "efecto de actualización" is "updating impact" of the consequence or impact of updating or bringing to the present the financial institution loans in this case.

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Note added at 6 mins (2009-07-30 22:38:36 GMT)
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Marina Orellana. Glosario internacional del traductor.

"efecto: ... consequence; impact ... "

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Note added at 4 days (2009-08-04 18:06:22 GMT) Post-grading
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My pleasure, Laurel - Mike :)
Peer comment(s):

agree David Hollywood : maybe just "updating" (not sure if the "impact" is necessary) but could be a factor :)
1 min
Maybe it isn't - thank you, David - Mike :)
agree Liliana Galiano : I like it, it seems to be the right way to say it.
24 mins
Thank you, Multitran - Mike :)
neutral philgoddard : But what does "updating impact" mean? I think it's something to do with discounting them, or calculating their net present value.
2 hrs
Gracias, phiigoddard - Mike :)
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4 KudoZ points awarded for this answer. Comment: "Thanks, yes, it is the "impact" whether plus or minus, on the accounting figures after the loan is updated. "
8 hrs

the effect(s) of (bank) loan readjustment

Loan readjustment is frequently applied to mortgages, so I can't help wondering how useful the reference to financial institutions really is. This 'readjustment' is sometimes known as 'modification' too. The idea is to help avoid people defaulting on repayments
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