Ingresos por Quebrantos

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18:14 Feb 5, 2018
Spanish to English translations [PRO]
Bus/Financial - Finance (general) / FOREIGN CURRENCY EXCHANGE
Spanish term or phrase: Ingresos por Quebrantos
The text reads as follows:

"Los ingresos del año 2017 ascendieron a COP $ XXX que comparados con los del año anterior de COP$ XXX, presentan un incremento de COP$ XXX equivalente al XX% compuesto de los siguientes concpetos :

Ingresos por cambio de moneda
INGRESOS POR QUEBRANTOS
Diferencias positivas de cambio...

etc."
Erick Forero
Local time: 16:07


Summary of answers provided
4Income from defaults/delinquency/breaching
Juan Uslar Gathmann
4loss of income coverage
Francois Boye
4income from losses
David Hollywood
3income from bank chages
neilmac
2Income from reversal of losses
patinba
Summary of reference entries provided
Ingresos Quebrantos
Nick_Baker

Discussion entries: 4





  

Answers


3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
Income from defaults/delinquency/breaching


Explanation:
Quebranto in accounting and finance means (debt) defaulting, delinquency (bad debt) or in judicial terms, breaching (a contract) so I guess this is company reveiving income from such (adverse) events... could be a bail bond issuer...in this case maybe a Colombian Afianzadora

Juan Uslar Gathmann
Specializes in field
Native speaker of: Native in SpanishSpanish
PRO pts in category: 68
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11 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
income from losses


Explanation:
I would say

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Note added at 13 mins (2018-02-05 18:27:54 GMT)
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https://strategiccfo.com/accounting-income-definition/

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Note added at 6 hrs (2018-02-06 00:18:17 GMT)
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I know this sounds implausible but look at this:

https://finance.zacks.com › Real Estate › Investment Properties
Traducir esta página
Rental property income gets reported on line 17 of your 1040 tax return as taxable income. If you make $10,000 on your rental activities, the Internal Revenue Service requires you to pay your marginal income tax rate on it. If you lose money on a rental, though, your ability to take that loss to offset other gains is more limited, ...

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Note added at 6 hrs (2018-02-06 00:20:31 GMT)
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you can receive income from a "loss"

David Hollywood
Local time: 18:07
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 726

Peer comments on this answer (and responses from the answerer)
neutral  bigedsenior: Investment, business & rental losses can only be used to offset an equal amount of similar gain, but not always. Soetimes, the losses have to be carried forward and in some cases not allowed at all.
6 hrs
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8 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
loss of income coverage


Explanation:
Loss-of-Income Insurance. Insurance that covers the interruption of a policyholder's business activities, whether in whole or in part. A policy may cover loss of income from the cessation of business activities due to an act of God, such as a tornado or a hurricane, or a foreseeable incident.

Francois Boye
United States
Local time: 17:07
Specializes in field
Native speaker of: Native in FrenchFrench
PRO pts in category: 256
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50 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
income from bank chages


Explanation:
Finance is not my speciality, hence my low confidence level, but according to a previous kudoz query, it can mean bank charges.

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Note added at 50 mins (2018-02-05 19:05:14 GMT)
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Sorry, I meant "bank chaRges"...

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Note added at 18 hrs (2018-02-06 13:06:14 GMT)
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NB: My initial thought was "bankruptcy" (quiebra de empresas), but I don't see how that fits. But then again, I'm not a financial wizard.


    https://www.proz.com/kudoz/spanish_to_english/tech_engineering/233575-quebranto_bancario.html
neilmac
Spain
Local time: 23:07
Native speaker of: Native in EnglishEnglish
PRO pts in category: 191
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2 days 2 hrs   confidence: Answerer confidence 2/5Answerer confidence 2/5
Income from reversal of losses


Explanation:
Despite the confidence levels, answers so far fail to convince me. It is clear that the account is related to foreign exchange trading. I can only think that when a loss has been recorded on a foreign currency position an account is debited, but if in a subsequent period the FX position records a gain, this loss can be reversed and would be considered as income.
Perhaps there is no room on the form for "ingreso por quebrantos recuperados" for example.

patinba
Argentina
Local time: 18:07
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 1184
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Reference comments


1 day 20 hrs
Reference: Ingresos Quebrantos

Reference information:
Hi, I found an explanatory text from Gestion.org, which may throw some light on this. Not sure how accurate they are but...

It appears that employees handling money and currency conversions receive a special extra part of their salary called 'quebranto de moneda' to cover any possible financial loss they cause to their employer through their own negligence in their work. When this does happen, the employer is able to recover the money from the employee. This then has to be entered in the accounts under this line item. It makes sense because this line item sits alongside the income from currency movements and gains.

Hope this throws some light.


    https://www.gestion.org/recursos-humanos/politica-salarial/36267/que-es-el-quebranto-de-moneda/
Nick_Baker
United Kingdom
Specializes in field
Native speaker of: Native in EnglishEnglish
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