loan over-advancement at origination

21:37 Jul 29, 2018
English to Spanish translations [PRO]
Bus/Financial - Finance (general) / Loan
English term or phrase: loan over-advancement at origination
This phrase is part of a GAP waiver addendum regarding a vehicle purchase (waiver to cover the difference between the payoff amount of the finance contract and what the auto insurance company will pay in case of a vehicle's total loss). This is the complete context: "Any re-amortization of loan over-advancement at origination shall be calculated by the Lender."

What is "loan over-advancement"? What is the meaning of "at origination"? Any suggestions will be highly appreciated.
Alba Rivas
United States
Local time: 00:18


Summary of answers provided
4Prestamo sobre flujos de efectivo/establecimiento del credito
enrfer


  

Answers


8 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
Prestamo sobre flujos de efectivo/establecimiento del credito


Explanation:
Loan overadvancement is a cash-flow based loan taken by a company, "Prestamo sobre flujos de efectivo". Origination can be "Originacion" (with is not in RAE) or simply "establecimiento "

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Note added at 8 hrs (2018-07-30 05:41:30 GMT)
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whether you use "prestamo" or "credito" is a matter of the rest of the text/translation. I would prefer prestamo, since we are talking about re-amortization".


    https://www.investopedia.com/terms/o/overadvance.asp
enrfer
Norway
Local time: 09:18
Does not meet criteria
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Native speaker of: Native in NorwegianNorwegian, Native in SpanishSpanish
PRO pts in category: 4
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