Glossary entry (derived from question below)
English term or phrase:
Standby Letter of Credit
Portuguese translation:
Carta de Crédito Standby
- The asker opted for community grading. The question was closed on 2019-09-12 17:54:07 based on peer agreement (or, if there were too few peer comments, asker preference.)
Sep 9, 2019 01:00
4 yrs ago
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English term
Brazil
Experienced and reliable translator
Native in: Portuguese 
Works in: English to Portuguese, Spanish to Portuguese, Portuguese to English
Standby Letter of Credit
English to Portuguese
Bus/Financial
Real Estate
bancos
What Is a Standby Letter of Credit (SLOC)?
A standby letter of credit is a bank's commitment of payment to a third party in the event that the bank's client defaults on an agreement. It is a "standby" agreement because the bank will have to pay only in a worst-case scenario.
A SLOC is most often sought by a business to help it obtain a contract. There are two main types of SLOC:
A financial SLOC guarantees payment for goods or services as specified by an agreement. An oil refining company, for example, might arrange for such a letter to reassure a seller of crude oil that it can pay for a huge delivery of crude oil.
The performance SLOC, which is less common, guarantees that the client will complete the project outlined in a contra
A standby letter of credit is a bank's commitment of payment to a third party in the event that the bank's client defaults on an agreement. It is a "standby" agreement because the bank will have to pay only in a worst-case scenario.
A SLOC is most often sought by a business to help it obtain a contract. There are two main types of SLOC:
A financial SLOC guarantees payment for goods or services as specified by an agreement. An oil refining company, for example, might arrange for such a letter to reassure a seller of crude oil that it can pay for a huge delivery of crude oil.
The performance SLOC, which is less common, guarantees that the client will complete the project outlined in a contra
Proposed translations
(Portuguese)
| 5 +4 | Carta de Crédito Standby |
Andrea Luri Abe
|
| 4 +1 | carta de crédito de reserva (SLOC) |
Andrea Pilenso
|
Proposed translations
+4
7 mins
Andrea Luri Abe
Peru
Peru
Native in Portuguese
Peru
Engineering, wastewater, environment
Native in: Portuguese (Variant: Brazilian)
Works in: English to Portuguese, Spanish to Portuguese, Portuguese to English, and 3 more.
Related KudoZ points
:
4
Selected
Carta de Crédito Standby
É um produto conhecido dos bancos brasileiros
4 KudoZ points awarded for this answer.
Comment: "Selected automatically based on peer agreement."
+1
8 mins
Andrea Pilenso
Brazil
Brazil
Native in Portuguese
Brazil
Always in search of the best solution!
Native in: Portuguese (Variant: Brazilian)
Works in: English to Portuguese, Spanish to Portuguese, Portuguese, and 2 more.
carta de crédito de reserva (SLOC)
https://pt.talkingofmoney.com/what-is-standby-letter-of-cred...
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Note added at 9 minutos (2019-09-09 01:10:24 GMT)
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Uma carta de crédito de reserva, ou SLOC, é um instrumento financeiro que fornece uma garantia de pagamento a um beneficiário no caso de uma obrigação obrigatória não ocorrer. As cartas de crédito em espera são emitidas por um banco ou instituição financeira em nome de um cliente para garantir essencialmente um contrato que existe entre o cliente e o beneficiário
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Note added at 9 minutos (2019-09-09 01:10:24 GMT)
--------------------------------------------------
Uma carta de crédito de reserva, ou SLOC, é um instrumento financeiro que fornece uma garantia de pagamento a um beneficiário no caso de uma obrigação obrigatória não ocorrer. As cartas de crédito em espera são emitidas por um banco ou instituição financeira em nome de um cliente para garantir essencialmente um contrato que existe entre o cliente e o beneficiário
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