19:49 Dec 30, 2020 |
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Russian to English translations [PRO] Law/Patents - Finance (general) | |||||||
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Summary of reference entries provided | |||
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What is an 'open credit'? |
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Discussion entries: 2 | |
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open credit line with fixed limit/ceiling Explanation: Lots of ways of saying this, but I'd stick with "open credit line" since the Russian seems to be a translation from English. |
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Limited loan disbursement agreement Explanation: https://home.mimutual.com/forms/HUD/FHA/203K Loan Disburseme... |
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Credit Agreement on Opening of the Credit Line with Fixed Disbursement Limit Explanation: Что вижУ, то и перевожУ. -------------------------------------------------- Note added at 2 час (2020-12-30 22:48:33 GMT) -------------------------------------------------- Можно (для краткости перевода) воспользоваться термином LOC Agreement (если подойдет для целей клиента/заказчика), поскольку: A line of credit (LOC) is a preset borrowing limit that can be used at any time. The borrower can take money out as needed until the limit is reached, and as money is repaid, it can be borrowed again in the case of an open line of credit. A LOC is an arrangement between a financial institution—usually a bank—and a client that establishes the maximum loan amount the customer can borrow. The borrower can access funds from the line of credit at any time as long as they do not exceed the maximum amount (or credit limit) set in the agreement and meet any other requirements such as making timely minimum payments. It may be offered as a facility. https://www.investopedia.com/terms/l/lineofcredit.asp -------------------------------------------------- Note added at 3 час (2020-12-30 22:56:38 GMT) -------------------------------------------------- С примером 'Line of Credit Agreement', рекомендуемым U.S. SEC можно ознакомиться по адресу: https://www.sec.gov/Archives/edgar/data/1094572/000119312508... |
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Notes to answerer
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Preset Borrowing Limit Line of Credit Loan Agreement Explanation: IMHO |
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2 hrs |
Reference: What is an 'open credit'? Reference information: Open credit is a pre-approved loan between a lender and a borrower. It allows the borrower to make repeated withdrawals up to a certain limit and then make subsequent repayments before the payments become due. Borrowers prefer open-end credit because it gives them greater control over the amount they can borrow and the repayment period. Interest is only charged on the credit that the borrower has used, and the borrower does not incur costs on the unused credit. https://corporatefinanceinstitute.com/resources/knowledge/cr... |
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