produits de tirage

English translation: drawdowns

20:38 Jan 22, 2004
French to English translations [Non-PRO]
French term or phrase: produits de tirage
prets ou l'autorisation et le tirage se font sur le meme produit
something to do with borrowing evidently.
Andre de Vries
United Kingdom
Local time: 23:58
English translation:drawdowns
drawdown of a line of credit for example
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Jane Lamb-Ruiz
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sounds good. thanks
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Jane Lamb-Ruiz



21 mins   confidence: Answerer confidence 5/5

drawdown of a line of credit for example

Jane Lamb-Ruiz
Native speaker of: Native in EnglishEnglish, Native in PortuguesePortuguese
PRO pts in pair: 8576
Grading comment
sounds good. thanks
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5

The disbursal of a portion of a construction loan after a certain stage of completion. Also called a progress payment.>>

On a "draw loan".

Note added at 2004-01-22 22:17:29 (GMT)

Alternatively (though not likely, I think, given the context we have), it might refer to early repayment of bonds (loans) and the borrower\'s discretion by means of draws (like in a lottery) by which a certain number of lenders chosen at random are repaid the amount lent. This mechanism enables borrowers to disengage themselves from higher-interest debt rather than continue paying out interest until maturity.

Local time: 00:58
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 18679
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