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  3. Finance (general)

entidad deptaria de la cuenta

English translation: depository institution of the account

01:10 Aug 5, 2009
Spanish to English translations [PRO]
Bus/Financial - Finance (general)
Spanish term or phrase: entidad deptaria de la cuenta
ProZistas,
This is from a message report concerning a transfer of funds from New York to Brazil. There is no further context.
I would appreciate your help very much.
Saludos desde San Francisco,
t r e y
treychic
Local time: 08:39
English translation:depository institution of the account
Explanation:
depositario, a sm/f [+de dinero] depository, trustee
[+de secreto] repository (reverso.net)

A depository institution is a financial institution . . . such as a savings bank, that is legally allowed to accept monetary deposits from consumers. Federal depository institutions are regulated by the Federal Deposit Insurance Corporation (FDIC).

Depository
1. Bank holding funds or marketable securities, usually under a specific agreement. Distinguish from Depositary.

2. Bank authorized to accept public deposits for state and local governments, or federal tax payments in a Treasury Tax and Loan Account.

Depositary
1. One entrusted with something for preservation or safekeeping.

Distinguish thus:

If you give your valuables to a "depositary" (a person to whom you give something in trust) you would expect him to put it in a "depository" (a safe place for keeping valuables).
http://www.answers.com/topic/depository

Suggestion: Verify from the context which is which.
Selected response from:

argosys
Local time: 23:39
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2depository institution of the account
argosys
4entity which makes a deposit to the account
Ruth Ramsey
3entidad depositaria...depositing entity of or to the account
José J. Martínez


  

Answers


21 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
entidad depositaria...depositing entity of or to the account


Explanation:
am sure thy used a common shortening of a word, not a true abbreviation.

José J. Martínez
United States
Local time: 08:39
Works in field
Native speaker of: Native in EnglishEnglish, Native in SpanishSpanish
PRO pts in category: 19
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7 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
entity which makes a deposit to the account


Explanation:
I would tend to turn the sentence around a bit.

Ruth Ramsey
United Kingdom
Local time: 16:39
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 127
2 corroborated select projects
in this pair and field What is ProZ.com Project History(SM)?
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8 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
depository institution of the account


Explanation:
depositario, a sm/f [+de dinero] depository, trustee
[+de secreto] repository (reverso.net)

A depository institution is a financial institution . . . such as a savings bank, that is legally allowed to accept monetary deposits from consumers. Federal depository institutions are regulated by the Federal Deposit Insurance Corporation (FDIC).

Depository
1. Bank holding funds or marketable securities, usually under a specific agreement. Distinguish from Depositary.

2. Bank authorized to accept public deposits for state and local governments, or federal tax payments in a Treasury Tax and Loan Account.

Depositary
1. One entrusted with something for preservation or safekeeping.

Distinguish thus:

If you give your valuables to a "depositary" (a person to whom you give something in trust) you would expect him to put it in a "depository" (a safe place for keeping valuables).
http://www.answers.com/topic/depository

Suggestion: Verify from the context which is which.

argosys
Local time: 23:39
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 102
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  patinba: depository/ary = where the account is lodged. If in Brazil, the US distinction does not apply.
2 hrs
  -> Thanks, Patinba.
agree  Lydia De Jorge
8 days
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