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com 18 meses de carência

English translation: "grace period"

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19:53 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...
Thomaz
English translation:"grace period"
Explanation:
Your excerpt, in full: "...exports made through XXX, up to a value of U.S.$100 million, shall be backed by a surety bond which shall be valid for a period of three years, with an 18-month grace period..."

In other words, the exporter will not need to start repaying the bond until a year and a half after the exports begin (so that, presumably, the bond can be paid, at least in part, with the proceeds from the export sales).
Selected response from:

Heathcliff
United States
Local time: 16:00
Grading comment
4 KudoZ points were awarded for this answer

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Summary of answers provided
na"grace period"Heathcliff


  

Answers


12 hrs
"grace period"


Explanation:
Your excerpt, in full: "...exports made through XXX, up to a value of U.S.$100 million, shall be backed by a surety bond which shall be valid for a period of three years, with an 18-month grace period..."

In other words, the exporter will not need to start repaying the bond until a year and a half after the exports begin (so that, presumably, the bond can be paid, at least in part, with the proceeds from the export sales).

Heathcliff
United States
Local time: 16:00
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 231
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