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09:28 Nov 7, 2001
Italian to English translations [PRO] Bus/Financial
Italian term or phrase:preammortamento
Part of a mortgage contract:
spese ed interessi di preammortamento.
I found a few sites with both preamortization and predepreciation but remain unconvinced.
Are these simply up-front fees on the depreciation plan?
Thanks to everyone. I particularly liked Jocca's answer and would have split the points. In the end, I asked the customer (thanks for giving me options to propose!) and this is what was meant. 3 KudoZ points were awarded for this answer
Explanation: Il Preammortamento è il periodo che intercorre tra la data di erogazione del mutuo e la data in cui inizia l'ammortamento. Sulla somma erogata vengono pagati solo interessi senza nessun rimborso sul capitale.
Bilingualduo Italy Local time: 05:26 Native speaker of: English, Italian PRO pts in pair: 478