Oct 3, 2000 02:16
23 yrs ago
4 viewers *
Spanish term

derechos de retrocesion

Spanish to English Bus/Financial
This refers to the rights which a credit card company/bank has to refuse payment on the grounds of insufficient funds.

Proposed translations

29 mins
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declination

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57 mins

Right to withdraw from contract

The bank has a right to withdraw from the agreement due to insufficient funds.
Good luck.
J.
Reference:

none needed

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2 hrs

denial of payment

due to credit limit having been exceeded, as a common example.
Peer comment(s):

Heathcliff
Kenneth Haley
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2 hrs

right to hold back

it is the right of the credit card company to hold back the credit card facilty.
Peer comment(s):

Heathcliff
Kenneth Haley
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6 hrs

Payment refusal [due to insufficient funds].

Cumplimentos.
Luis Luis
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8 hrs

right of retrocession

From Termium:

nglish:Banking
retrocession s CORRECT
DEF - the act of passing on, or assigning part of the commission received by a bank to another bank or to an agent (intermediary) which has participated in the transaction. Retrocessions are common on bond underwriting or syndicate and consortium operations. s
1986-01-21
Reference:

Termium

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