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leased instrument

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14:46 Aug 2, 2006
This question was closed without grading. Reason: Other

English to French translations [PRO]
Bus/Financial - Investment / Securities
English term or phrase: leased instrument
A borrowing of funds? bonds? securities? from a bank for a fee, which are then used to make investments, and then the leased instrument is returned to the bank after the money is made on the transaction(?) - it's from a document written by a non-native English speaker, and the explanation is very fuzzy.
Priscilla Whitaker
France
Local time: 21:03
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Summary of answers provided
3"lettre de crédit" ou "lettre de créance"xxxsofotchka


  

Answers


30 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
"lettre de crédit" ou "lettre de créance"


Explanation:
"The leased instrument is a letter of
credit issued by a bank. It has a cash value that will back the loan."



    Reference: http://www.ryze.com/posttopic.php?topicid=596826&confid=2223
xxxsofotchka
Local time: 21:03
Does not meet criteria
Native speaker of: French
Notes to answerer
Asker: Thank you for answering so quickly! You work with financial translations, then, or in banking somehow, I assume? (There isn't anything in your profile or with your answer...). Thanks in advance for reassurance - I appreciate your help. PW

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