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.
13:51 Feb 4, 2009
Spanish to English translations [PRO] Bus/Financial - Finance (general)
Spanish term or phrase:pae
This appears in the following sentence in the minutes of a board meeting in Chile:
Al efecto, y luego de la obtención de créditos de corto plazo con la banca nacional (PAE) por .....
I have found one meaning - programa de adjuste estructural or structural adjustment loan, but it seems that these are only issued by the world bank and doesn't seem to fit into the context of the text. Also later on it seems to refer to this type of loan as a type of 'roll-over'. Is this what they are?
Esta alternativa considera créditos tipo PAE's hasta 180 días (roll-over)