E X O

English translation: exempt

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19:03 Dec 8, 2010
French to English translations [PRO]
Bus/Financial - Finance (general)
French term or phrase: E X O
This is a column heading (with the letters written vertically) on some French current account statements, in between the value date and the debit/credit amounts.
There is nothing in the column itself except occasionally an X in a few lines.
Does anyone have any idea what the letters stand for?
Thanks!
wpwpwpwp
Local time: 03:30
English translation:exempt
Explanation:
A fairly standard abbreviation of 'exonération' in a number of contexts. Here, the context might be VAT.

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Note added at 10 hrs (2010-12-09 05:13:51 GMT)
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VAT make sense on a bank statement? Yes indeed. I get charged VAT on transfers to outside the euro zone.

It's plausible that "exo" could be an abbreviation placed vertically over a column only one character wide. But it's still possible that X is not the only allowable code. If E's and O's show up elsewhere, though, the abbreviation hypothesis looks less likely. And varying VAT rates might apply.
Selected response from:

rkillings
United States
Local time: 18:30
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +2exempt
rkillings


Discussion entries: 3





  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
exempt


Explanation:
A fairly standard abbreviation of 'exonération' in a number of contexts. Here, the context might be VAT.

--------------------------------------------------
Note added at 10 hrs (2010-12-09 05:13:51 GMT)
--------------------------------------------------

VAT make sense on a bank statement? Yes indeed. I get charged VAT on transfers to outside the euro zone.

It's plausible that "exo" could be an abbreviation placed vertically over a column only one character wide. But it's still possible that X is not the only allowable code. If E's and O's show up elsewhere, though, the abbreviation hypothesis looks less likely. And varying VAT rates might apply.

rkillings
United States
Local time: 18:30
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 1140
Grading comment
Selected automatically based on peer agreement.
Notes to answerer
Asker: Thanks... would VAT make sense on a bank statement though? For the debit card payments and ATM withdrawals there is nothing in the column; the Xs are for bank charges, currency conversion charges and bank loan repayments.


Peer comments on this answer (and responses from the answerer)
agree  joehlindsay
9 mins

agree  xxxBourth: Presumably the bank charges for ATM withdrawals and use of the debit card; no fees ("exempt") for loan repayments; bank charges and FX charges are charges in their own right, with no extra bank charge on top, so they too are "exempt"..
2 hrs
  -> Would they were. I get charged VAT on FX transactions.
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