Glossary entry

Italian term or phrase:

cessione pro-solvendo in garanzia

English translation:

guaranteed with recourse loan

Added to glossary by Peter Cox
Jul 25, 2006 03:56
17 yrs ago
7 viewers *
Italian term

cessione pro-solvendo in garanzia

Italian to English Bus/Financial Finance (general) Company annual report
part of an annual report on loans

Proposed translations

6 hrs
Selected

guaranteed with recourse loan

Loan could also be cession or transfer
Something went wrong...
4 KudoZ points awarded for this answer.
+1
1 day 21 mins

-transfer/sale of guaranteed loan with recourse

Normal forgot to translate "cessione", which usually refers, and is translateable as a sale, but technically is just the transfer. I remember one director of finance telling me that the auditor would get very angry if I translated one instance as sale and not transfer

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Note added at 1 day23 mins (2006-07-26 04:20:15 GMT)
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Sorry not "normal" (typing error for Norman), but Peter Cox
Peer comment(s):

agree Ben Shang
21 days
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