KudoZ home » Spanish to English » Insurance

asuncion

English translation: Assumption

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.
14:33 Oct 31, 2013
Spanish to English translations [PRO]
Bus/Financial - Insurance / trade credit insurance
Spanish term or phrase: asuncion
Dentro de la limitacion indicada en el parrafo anterior, se establece como Condition Especial aplicable a los expedientes de impago abiertos como consecuencia del acaecimiento de Riegos Comerciales la *asuncion* por parte de XXX (credit insurer), a efectos de cuantificacion de la perdida, de todos los gastos de cobro de los creditos cubiertos.

I can't manage to untangle this: a special condition is fixed applicable to the non-payment files opened as a result of the occurence of Commercial Risks, whereby XXX assumes all the costs of collection of the covered credits in order to quantify the loss.??
zac
Local time: 19:02
English translation:Assumption
Explanation:
In my opinion, your thinking is correct, and the term you are looking for could be "assumption". The credit insurer is responsible of the expenses.
Selected response from:

Tania Aro
Argentina
Local time: 15:02
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +3Assumption
Tania Aro


  

Answers


6 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +3
Assumption


Explanation:
In my opinion, your thinking is correct, and the term you are looking for could be "assumption". The credit insurer is responsible of the expenses.

Tania Aro
Argentina
Local time: 15:02
Native speaker of: Native in SpanishSpanish
PRO pts in category: 4
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  Patricia Fierro, M. Sc.
1 hr

agree  philgoddard: Or just payment.
2 hrs

agree  AnthonyLee
2 hrs
Login to enter a peer comment (or grade)




Return to KudoZ list


KudoZ™ translation help
The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.



See also:



Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search