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kredyt denominowany

English translation: denominated loan

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Polish term or phrase:kredyt denominowany
English translation:denominated loan
Entered by: George Fabian
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06:28 Feb 7, 2001
Polish to English translations [PRO]
Bus/Financial
Polish term or phrase: kredyt denominowany
I think that it means that it is in foreign currency, i.e. denominated in foreign currency. Can someone confirm this?
Astro Jaroslaw Rutkowski
Local time: 06:28
denominated loan
Explanation:
It's the currency in which the loan is settled. It can be both local currency (e.g. PLN) or foreign currency (e.g., USD, DEM, GBP, etc.) in which case the loan repayment is calculated in the given currency. For example in Poland a loan can be denominated in USD, but in accordance with domestic loan, repayment is the PLN equivalent of the installment or amount.
Selected response from:

George Fabian
Local time: 06:28
Grading comment
That's what I thought it was. Thanks.
4 KudoZ points were awarded for this answer

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Summary of answers provided
nadenominated loanGeorge Fabian
naloan denominated in USD, the loan in USD, the USD loanxxxM. Frost


  

Answers


4 mins
loan denominated in USD, the loan in USD, the USD loan


Explanation:
not necessarily in foreign currency; the term is used to specify the currency in which a loan is granted, which also includes the local currency.

xxxM. Frost
PRO pts in pair: 14
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10 mins
denominated loan


Explanation:
It's the currency in which the loan is settled. It can be both local currency (e.g. PLN) or foreign currency (e.g., USD, DEM, GBP, etc.) in which case the loan repayment is calculated in the given currency. For example in Poland a loan can be denominated in USD, but in accordance with domestic loan, repayment is the PLN equivalent of the installment or amount.


    Own knowledge from working with the banking sector as an advisor
George Fabian
Local time: 06:28
Native speaker of: Native in EnglishEnglish, Native in PolishPolish
PRO pts in pair: 308
Grading comment
That's what I thought it was. Thanks.
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