capitalisable par anatocisme
English translation: compound interest on all sums due (or: which become due)
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| 09:32 Jul 15, 2005 |
| French to English translations [PRO] Bus/Financial - Finance (general) | ||||
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|  Selected response from: Bruce Berger Local time: 16:17 | |||
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Answers
9 mins confidence: 
peer agreement (net): +1
peer agreement (net): +1A late payment penalty will be applied..... Explanation: "A late payment penalty will be applied at a compound interst rate determined at/equal to twice the (current) base/legal rate..." They'll need to mention compund interest to distinguish it from simple interest, I'dtend to use base rate for légal (at least in the UK) -------------------------------------------------- Note added at 2005-07-15 09:58:04 (GMT) -------------------------------------------------- Taking the UK as an example, it is common for notices and contracts to specify a bank\'s base rate as the basis for calculating their penalty rate. But the main thing is to distinguish compound from simple interest. For example, at a 10 per cent rate per period (e.g. month) the simple interest on £1000 after two periods will be £1200 (1000 + 100 +100) whereas at a compound rate it will be £1210 (10% of 1000 and then 10% of 1100). So given the differences they have to spell out the rate they are using. |
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13 mins confidence:
compound interest on all sums due (or: which become due) Explanation: A French definition of anatocisme: Capitalisation des intérêts dans une même année civile. Les intérêts d'une somme s'intègrent au capital pour produire eux-mêmes les intérêts (articles 1154 et 1155 du Code Civil). And: Capitalisation des intérêts dans une même année civile. Les intérêts sont intégrés au capital pour porter eux-mêmes intérêt. -------------------------------------------------- Note added at 18 mins (2005-07-15 09:51:21 GMT) -------------------------------------------------- or: a late payment penalty equal to two times the current legal interest rate, with compound interest applicable to the late payment penalty Reference: http://www.lesclesdelabanque.com/web/internet/content_lexiqu... Reference: http://www.fbf.fr/Web/internet/content_fbf.nsf/(WebPageList)... |
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30 mins confidence: peer agreement (net): -2
peer agreement (net): -2capitalizable by anatocism Explanation: My suggestion. |
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1 hr confidence: peer agreement (net): +1
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