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período de revolvencia

English translation: (term of) validity of revolving fund

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:período de revolvencia
English translation:(term of) validity of revolving fund
Entered by: Parrot
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11:43 Feb 7, 2001
Spanish to English translations [PRO]
Law/Patents
Spanish term or phrase: período de revolvencia
This is from a Mexican Trust that issued Bonds (Obligaciones). It even has its own definition for it:
"'Período de revolvencia' significa el período entre la fecha de emisión de las Obligaciones ("Bonds") y su tercer aniversario, durante el cual el Fiduciario podrá adquirir Créditos Hipotecarios con cargo al Fondo de Adquisión."

I've done quite a bit of research to no avail. I'll really appreciate it if any of you guys can help me.
palomo
United States
Local time: 17:59
(term of) validity of revolving fund
Explanation:
As I understand, the bonds may be used as collateral for the obtention of credit (if the credit comes from the same institution that issues them, this may be seen as a business strategy), being linked to a provision for an acquisition fund. "Revolvencia" in this case would refer to the term in which they may be used as such. The clause makes sense if, after the third year, capital and interests are liquidated without any obligation to renew.
Selected response from:

Parrot
Spain
Local time: 23:59
Grading comment
Thanks. I finally settled on "Revolving Credit Period". Your suggestion helped me arrive at that conclusion.
4 KudoZ points were awarded for this answer

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Summary of answers provided
na(term of) validity of revolving fund
Parrot
narepayment period
Yolanda Broad


  

Answers


30 mins
repayment period


Explanation:
Found the following, by looking, first, for +"bonds"+"date of issue"+"third anniversary" I found a number of mentions of "repay/repayment" preceding third anniversary. Then I added "repayment period" to my search, to come up with the following, in order of search results:

Investor Relations Asia - WellNet Holdings Limited
... is repayable by the Company upon the maturity of the Bonds on the third anniversary of their date of issue, if not previously redeemed or converted by the ...
www.irasia.com/listco/hk/wellnet/announcement/a001107.htm -

Tricom shall repay the outstanding principal amount of each of the Convertible Bonds, together with interest accrued from the last interest payment date up to and excluding the date of repayment, on the business day last preceding the third anniversary of the date of issue of the Convertible Bonds. www.sehk.com.hk/ISD/listconews/sehk/19990504/LTN19990504025...

InvestorWords investing glossary (Da-) dictionary of investment ...
... issue same as issue date. date of ... and a longer repayment period. also called ... or issuing bonds. also called ... over a given period of time ... declaration date The date ...
www.investorwords.com/d1.htm

Syndicate Bank - Investment Facilities
... of 3 years from the date of issue. ... Sale / Transfer of Shares/Bonds/Debentures to residents. ... to be contributed by NRIs and repayment period is 10 years ...
www.syndicatebank.com/invest.html

Here's the URL for the Google results on repayment period:


    Reference: http://www.google.com/search?q=bonds+%22date+of+issue%22+%22...
Yolanda Broad
United States
Local time: 17:59
Native speaker of: English
PRO pts in pair: 668

Peer comments on this answer (and responses from the answerer)
Gillian Hargreaves
Login to enter a peer comment (or grade)

3 hrs
(term of) validity of revolving fund


Explanation:
As I understand, the bonds may be used as collateral for the obtention of credit (if the credit comes from the same institution that issues them, this may be seen as a business strategy), being linked to a provision for an acquisition fund. "Revolvencia" in this case would refer to the term in which they may be used as such. The clause makes sense if, after the third year, capital and interests are liquidated without any obligation to renew.

Parrot
Spain
Local time: 23:59
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 7645
Grading comment
Thanks. I finally settled on "Revolving Credit Period". Your suggestion helped me arrive at that conclusion.
Login to enter a peer comment (or grade)




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