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.
Portuguese to English translations [Non-PRO] Bus/Financial
Portuguese term or phrase:caráter fiduciário
Em uma carta sobre terceirização da folha de pagamento:
"Todos se interessaram pela terceirização,ms nenhum oferece o serviço de administrar uma conta bancária especial em CARÁTER FIDUCIÁRIO. Essa prática não existe no Brasil."
Agradeço qualquer ajuda, pois essa definitivamente não é a minha praia.
Explanation: A primeira expressão é mais comum, embora ambas sejam usadas. Veja este exemplo:
[PDF] FIDUCIARY DUTIES OF CORPORATE DIRECTORS UNDER THE SEC’S NEW CODE ...
File Format: PDF/Adobe Acrobat - View as HTML
... The fiduciary character of the position of “trustee” is one of “trust and confidence.” This is not so in the case of an “agent.” Thus, Art. ... www.ibp.org.ph/mainframe/pdf_file/ journalxxviii_part1.pdf
E mais estes:
Wisconsin Men of Progress
... to $950,000, the largest of any bank in a ... of the Waukesha school board, is a trustee of Carroll ... who occupies a position of a fiduciary character cannot safely ...
... personal credit, whereby the bank became a trustee of the fund ... Bank deposit in his
own name or other form not indicating fiduciary character, liability of ... www.state.tn.us/tccy/tnchild/34/34-11-105.htm
rhandler Local time: 10:23 Native speaker of: Portuguese PRO pts in pair: 7949
28 mins confidence: peer agreement (net): +4
in a fiduciary capacity
Explanation: to adminster the special bank a/c ...
I agree the underlying idea is as trustee i.e. under a trust.
How this squares with 'usufruct' we'll leave for now. After all, the text goes on to say that the practice is 'non-existent in Brazil'.
However, how a bank can tell whether the account is run by a nominee I do not know.