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16:00 Dec 19, 2010
English to Turkish translations [PRO] Law/Patents - Law: Contract(s)
English term or phrase:draw-down form
investors could track the use of their funds through daily and monthly account statements and would have access to a real-time trading platform showing trades as they happened; BTR’s trading system was set up with a stop-loss program, so investors could lose no more than an agreed-upon percentage of their initial investment; and BTR’s earnings would come from profits generated by trading.
In addition, BTR’s investors signed draw-down forms which purported to cap losses at a specified percentage, typically 30%.
Explanation: "To access available loan funds, usually referring to a staged loan for property constructions, or lines of credit where the limit is set and the borrower can use the funds as required." Bkz. http://pfgmortgagemanagers.com.au/glossary/
Erkan Dogan United States Local time: 20:50 Meets criteria Specializes in field Native speaker of: Turkish PRO pts in category: 64