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credito documentado

English translation: Contracted Credit/Loan -on -File

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08:53 Aug 15, 2000
Spanish to English translations [PRO]
Bus/Financial
Spanish term or phrase: credito documentado
in a financial statement

details of the main titles

credits on sales
ordinary
'documentados'
Lucio Agueda
English translation:Contracted Credit/Loan -on -File
Explanation:
More specific context is needed. Many Latin American banks don't use the word 'contract' for when they approve a loan or credit application and get the customer to sign the approved application. They just say that 'está documentado'. The translation is not literal but I think it is the closest one to the contract. Then, the customer starts receiving the bank statements which have to reflect the contract's premises.
Selected response from:

Yvette Camou
Mexico
Local time: 21:09
Grading comment
3 KudoZ points were awarded for this answer

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Summary of answers provided
naDocumentary creditDaphne Corral
nadocumented creditHeathcliff
naContracted Credit/Loan -on -FileYvette Camou


  

Answers


1 hr
Contracted Credit/Loan -on -File


Explanation:
More specific context is needed. Many Latin American banks don't use the word 'contract' for when they approve a loan or credit application and get the customer to sign the approved application. They just say that 'está documentado'. The translation is not literal but I think it is the closest one to the contract. Then, the customer starts receiving the bank statements which have to reflect the contract's premises.

Yvette Camou
Mexico
Local time: 21:09
PRO pts in pair: 45

Peer comments on this answer (and responses from the answerer)
Heathcliff
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2 hrs
documented credit


Explanation:
A common financial term, as in "Bank to cease and desist from practices such as … failing to provide an adequate reserve for loan losses; extending inadequate secured and documented credit..." (first web site below), and

"Documented credit and borrowings for the banana industry from Barclays Bank …. amount to a figure of about $28 million" (second site). -- Hope this helps!




    Reference: http://www.fdic.gov/bank/individual/enforcement/10016.html
    Reference: http://www.parliament.the-stationery-office.co.uk/pa/cm19990...
Heathcliff
United States
Local time: 20:09
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 843
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6 hrs
Documentary credit


Explanation:
Advance against shipping documents

Daphne Corral
Local time: 01:09
Native speaker of: Native in EnglishEnglish, Native in SpanishSpanish
PRO pts in pair: 42

Peer comments on this answer (and responses from the answerer)
Heathcliff
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