Glossary entry

Spanish term or phrase:

efectivo de compensación (cuenta de balance contable)

English translation:

cash from check clearing (balance sheet account)

Added to glossary by María Eugenia Wachtendorff
Jan 26, 2003 20:11
21 yrs ago
8 viewers *
Spanish term

efectivo de compensación

Spanish to English Bus/Financial BALANCE SHEET ACCOUNT
Es una cuenta de balance:
- Disponible
- Caja Chica
- Efectivo de Compensación
- Deudores por Ventas
- Cuentas por Cobrar, etc.

ES LA PRIMERA VEZ QUE VEO ESTA EXPRESIÓN EN UN BALANCE. SUPONGO QUE SE TRATARÁ DEL EFECTIVO CORRESPONDIENTE A LOS CHEQUES DEPOSITADOS EN CUENTA CORRIENTE, DEL QUE SÓLO SE PUEDE DISPONER DESPUÉS DE 24 HORAS, DADO QUE DEBEN PASAR POR EL PROCESO DE COMPENSACIÓN BANCARIA.

SI MI IDEA ES CORRECTA, ¿PUEDO DECIR "CASH FROM CLEARANCE OF CHECKS", O HAY UN NOMBRE ESPECIAL PARA ESTA CUENTA?
¡GRACIAS!

Proposed translations

10 mins
Selected

cash from check clearing

If you're right, I would use <clearing> rather than clearance. Very odd indeed.
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4 KudoZ points awarded for this answer. Comment: "Thank you very much, Marian! Best regards, María Eugenia"
1 min

cash compensatory payments

+

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Note added at 2003-01-26 20:26:47 (GMT)
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Overtime compensation due under section 7 may be paid in cash at the employer\'s option, in lieu of providing compensatory time off under section 7(o) of the Act in any workweek or work period. The FLSA does not prohibit an employer from freely substituting cash, in whole or part, for compensatory time off; and overtime payment in cash would not affect subsequent granting of compensatory time off in future workweeks or work periods. (See Sec. 553.23(a)(2).)
(b) The principles for computing cash overtime pay are contained in 29 CFR part 778. Cash overtime compensation must be paid at a rate not less than one and one-half times the regular rate at which the employee
is actually paid. (See 29 CFR 778.107.)

http://www.dol.gov/dol/allcfr/ESA/Title_29/Part_553/29CFR553...
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