comisión de apertura

English translation: commitment fee, commitment charge

08:52 Oct 24, 2000
Spanish to English translations [PRO]
Bus/Financial
Spanish term or phrase: comisión de apertura
Initial charge in car credit finance schemes
keith
English translation:commitment fee, commitment charge
Explanation:

"a fee paid by a borrower to a lender in the period between approval of a loan and disbursement of the loan.Intended to reimburse the lender for the cost associated with meeting a disbursement request on demand.Usually stated as a percentage of the loan amount approved and much less than the interest rate charged for the loan commencing with disbursement"
Selected response from:

Jon Zuber (X)
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
nacommitment fee, commitment charge
Jon Zuber (X)
naLoan application fee.
Luis Luis
nahandling fee
Lia Fail (X)
nacomisión de apertura
Tigram


  

Answers


35 mins
commitment fee, commitment charge


Explanation:

"a fee paid by a borrower to a lender in the period between approval of a loan and disbursement of the loan.Intended to reimburse the lender for the cost associated with meeting a disbursement request on demand.Usually stated as a percentage of the loan amount approved and much less than the interest rate charged for the loan commencing with disbursement"


    Reference: http://europa.eu.int/eurodicautom/
Jon Zuber (X)
PRO pts in pair: 172
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2 hrs
Loan application fee.


Explanation:
Regards.
Luis Luis

Luis Luis
United States
Local time: 14:05
Native speaker of: Native in PortuguesePortuguese
PRO pts in pair: 171
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3 hrs
handling fee


Explanation:
This is the standard term to refer to the costs charged to the client for 'handling'(dealing with) the documentation, administration costs etc

Lia Fail (X)
Spain
Local time: 20:05
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 1368
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5 days
comisión de apertura


Explanation:
Fee charged by financial institutions for either opening a savings, checking or other kind of account, or granting a loan.

Tigram
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