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19:52 Aug 24, 2000
Portuguese to English translations [Non-PRO] Bus/Financial
Portuguese term or phrase:com 18 meses de carência
....com uma operação de securitização de exportações realizada através da XXX no valor de US$ 100 milhoes, por tres anos, com 18 meses de carência...
Explanation: it refers to the amount of time (18 months) that can elapse, according to the loan agreement, before the borrower is required to START repaying the loan (not to the period within which the entire loan must be repaid). -- Hope this clarifies the situation!
Heathcliff United States Local time: 17:31 Native speaker of: English PRO pts in pair: 231