Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.
19:50 Aug 7, 2001
English to Spanish translations [PRO] Bus/Financial
English term or phrase:deemed loan
A deemed loan will exist where an employee has an obligation to repay a debt, which is not part of an existing loan, and fails to do so at the due date for repayment and the debt is still unpaid. Where an employer makes a loan to an employee and the interest is deferred for more than six months, the accrued interest results in a separate and additional interest-free loan (section 16(3) FBTAA). The deemed loan then exists from the end of the six-month period until the interest is eventually paid or becomes payable. These provisions do not apply where the original loan is interest-free, or where interest is payable at least every six months, or where any deferral arrangement ended before 1 July 1986.
Explanation: no es que lo haya visto, pero se me ocurre que es una posibilidad que refleja el hecho de que la deuda no fue contraída como resultado de un préstamo sino que surge de hecho como resultado de una mora