GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
---|---|---|---|---|---|---|
|
14:03 Sep 7, 2017 |
Spanish to English translations [PRO] Law/Patents - Law (general) / legal opinion | |||||||
---|---|---|---|---|---|---|---|
|
| ||||||
| Selected response from: Robert Carter Mexico Local time: 00:32 | ||||||
Grading comment
|
Summary of answers provided | ||||
---|---|---|---|---|
3 +1 | For reserve purposes / For purposes of the reserve |
| ||
4 | to err on the conservative side |
| ||
3 | Provisionally, |
|
a efecto de reserva, Provisionally, Explanation: Ooh this one is trickier than I initially thought! According to RAE, there are a couple of possibilities, so in the end you're going to have to go with your gut depending on the wider context of the text. However, I understand the counsellors to be referring to an eventuality to be prepared for, so if you look under the uses section, de reserva point 1, the intent to be prepared to pay (in this specific context) a certain amount seems to be the meaning of this phrase. One synonym that fits well to en reserva in this context would be in readiness. However in readiness sounds strange and in pro of readiness/preparedness sounds clumsy to me.... I wasn't able to get my head around a more elegant phrase with these words, but perhaps you can do better! As such, I went with a proxy that conveys the same meaning... hope some of this helps! Reference: http://dle.rae.es/?id=W9AlOxX |
| ||
Notes to answerer
| |||
Login to enter a peer comment (or grade) |
For reserve purposes / For purposes of the reserve Explanation: When an insurer or other party with liability receives a claim, they would normally have to estimate the amount they are required to set aside as a reserve to pay that claim. What is a 'Claims Reserve' A claims reserve is the money that is earmarked for the eventual claim payment. The claims reserve funds are set aside for the future payment of incurred claims that have not been settled and thus represent a balance sheet liability. BREAKING DOWN 'Claims Reserve' Claims reserves are future obligations of an insurance company. They are classified as liabilities on the insurance company's accounting statements since they must be settled at a future date. The monetary amount of the claims reserve can be calculated subjectively (using the claims handler's judgment) or statistically (by evaluating past losses to project future losses). http://www.investopedia.com/terms/c/claims-reserve.asp#ixzz4... An actuarial reserve is a liability equal to the actuarial present value of the future cash flows of a contingent event. In the insurance context an actuarial reserve is the present value of the future cash flows of an insurance policy and the total liability of the insurer is the sum of the actuarial reserves for every individual policy. Regulated insurers are required to keep offsetting assets to pay off this future liability. https://en.wikipedia.org/wiki/Actuarial_reserves |
| |
Grading comment
| ||
Login to enter a peer comment (or grade) |
to err on the conservative side Explanation: A plain English translation. |
| ||
Notes to answerer
| |||
Login to enter a peer comment (or grade) |
Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.