“allo scoperto”

05:43 Nov 1, 2013
This question was closed without grading. Reason: Other

Italian to English translations [PRO]
Bus/Financial - Finance (general) / money transfer company
Italian term or phrase: “allo scoperto”
Sì, M2M ci ha mostrato il funzionamento del loro software per il caricamento automatico dei dati dei loro clienti. Oltre a tale verifica, ricordo che M2M ci ha spiegato che le subagenzie con cui collaboravano operavano “allo scoperto” per circa 30.000 Euro.
garrett higgins
Local time: 11:09

Summary of answers provided
4 +3on credit
James (Jim) Davis
3 +3see below
Lydia Cleary

Discussion entries: 4



3 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +3
see below

I think what they mean is that the "subagenzie" performed transactions without having sufficient funds to cover such operations - soperhaps you could say that they were operating "in the red" or something similar.

Lydia Cleary
Local time: 12:09
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 85

Peer comments on this answer (and responses from the answerer)
agree  ViBe: sounds plausible: "with their accounts overdrawn by ..."
2 hrs

agree  James (Jim) Davis: Hi Lydders, the moderators will be on to you for posting "see below". It is against the rules you have to post an actual term so it can go into the glossary, but yes I agree with "something similar".
12 hrs

agree  Peter Cox
4 days
Login to enter a peer comment (or grade)

9 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
on credit

This is an unusual use of the phrase which usually means short selling. However short selling is a stock exchange dealing technique and these sub agencies carry out money transfers not dealing. Also the sum of 30,000 euro is far too low for dealing in securities. I must therefore mean that they are overdrawn on an account, and since it does not seem to be a bank account, it is easier to simply say they operate on credit.

James (Jim) Davis
Local time: 14:09
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4496

Peer comments on this answer (and responses from the answerer)
agree  Linda Thody
18 mins

agree  EleoE
3 hrs

agree  missdutch: thank you for your explanation above, now it makes more sense to me.
16 hrs
Login to enter a peer comment (or grade)

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.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

See also:

Your current localization setting


Select a language

Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search