GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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08:51 May 14, 2019 |
French to English translations [PRO] Bus/Financial - Insurance | |||||||
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| Selected response from: Adrian MM. Austria | ||||||
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Summary of answers provided | ||||
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3 | (FR) front-end loaded; 'into front-end loading' |
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3 | upfront (commision payment) |
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Discussion entries: 3 | |
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(FR) front-end loaded; 'into front-end loading' Explanation: We now know the country in France, the asker's hunch of payment upfront looking plausible though I was gravitating towards to Ph_B's Belgian-slanted précompte professionnel comments that might change the emphasis to a PAYE or payrolled scenario. le marché qui est essentiellement en précompte: the insurance market that is, in the main. front-end loaded. Otherwise, as per the first web ref, it can in BE also denote ACT - advance corporation tax withheld by companies, such as ones 'into' property dealing. Example sentence(s):
Reference: http://www.investopedia.com/terms/f/front-endload.asp |
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upfront (commision payment) Explanation: précompte can describe one of the ways insurance intermediaries are paid, esp. where life/health ins. policies are concerned. Cf. "Le fonctionnement du précompte ...Les commissions précomptées sont des avances sur rémunération représentant une année de commissions par contrat. (https://www.argusdelassurance.com/juriscope/analyses-d-exper... Do you know if il is an insurance intermediary and if that's the market referred to in your question? Since the question refers to France, this study from the French Senate (re: transposition de la directive(UE) 2016/97 du 20 janvier 2016) has some relevant information, esp. under section 2: "(2) La question des commissions « précomptées » (upfront commissions)": https://www.senat.fr/lc/lc276/lc276_mono.html By way of practical example, this ad from an ins. co. meant for brokers: ATTRACTIVITÉ Commissionnement attractif en précompte et escompte ou en linéaire. (https://www.2ma.fr/sante-individuelle/) All of this subject to context... -------------------------------------------------- Note added at 10 hrs (2019-05-14 19:42:17 GMT) -------------------------------------------------- Oops - read "commission"... |
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