Glossary entry (derived from question below)
español term or phrase:
efectos descontados
inglés translation:
discounted bills
español term
Efectos descontados
I am trying to translate a balance account called "efectos descontados".
It is one account which belongs to the short term bank debt accounts group
Thank you!
MArc Planell
4 +2 | discounted bills |
Nikki Graham
![]() |
Mar 30, 2006 12:09: Andrea Bullrich changed "Level" from "Non-PRO" to "PRO"
Proposed translations
discounted bills
--------------------------------------------------
Note added at 39 mins (2006-03-30 09:53:32 GMT)
--------------------------------------------------
No, it's not in the glossary.
Anyway, a couple of links in Spanish on efectos.
http://www.monografias.com/trabajos12/campa/campa.shtml
http://www.monografias.com/trabajos2/letradecambio/letradeca...
Discounting of bills of exchange See Chapter 47 of the Vernimmen
Discounting of bills of exchange, one of the off-balance sheet financing techniques, is a financing transaction wherein a company remits an unexpired commercial bill of exchange to the bank in return for an advance of the amount of the bill, less interest and fees.
http://www.vernimmen.com/html/glossaire/definition_discounti...
P.S. It would appear that bills discounted is actually a more usual way of saying it
Something went wrong...