Ingresos por Quebrantos
English translation: Income from defaults/delinquency/breaching
| 18:14 Feb 5, 2018 |
| Spanish to English translations [PRO] Bus/Financial - Finance (general) / FOREIGN CURRENCY EXCHANGE | |||||||
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|  Selected response from: Juan Uslar Gathmann | ||||||
Grading comment
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| Ingresos Quebrantos |
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| Discussion entries: 4 | |
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Answers
3 hrs confidence: 
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 |
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11 mins confidence:
income from losses Explanation: I would say -------------------------------------------------- Note added at 13 mins (2018-02-05 18:27:54 GMT) -------------------------------------------------- https://strategiccfo.com/accounting-income-definition/ -------------------------------------------------- Note added at 6 hrs (2018-02-06 00:18:17 GMT) -------------------------------------------------- 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, ... -------------------------------------------------- Note added at 6 hrs (2018-02-06 00:20:31 GMT) -------------------------------------------------- you can receive income from a "loss" |
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8 hrs confidence:
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. |
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50 mins confidence:
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. -------------------------------------------------- Note added at 50 mins (2018-02-05 19:05:14 GMT) -------------------------------------------------- Sorry, I meant "bank chaRges"... -------------------------------------------------- Note added at 18 hrs (2018-02-06 13:06:14 GMT) -------------------------------------------------- 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 |
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2 days 2 hrs confidence:
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. |
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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/ |
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