Glossary entry (derived from question below)
Spanish term or phrase:
pasivos por avales y garantias
English translation:
liabilities for sureties and guarantees
Added to glossary by
Edward Tully
Jul 17, 2011 08:32
12 yrs ago
14 viewers *
Spanish term
pasivos por avales y garantias
Spanish to English
Bus/Financial
Finance (general)
Guarantees, Balance Sheet descriptions
Hello! Can anybody please kindly help me out with this tricky translation bit? I am actually translating from Italian into English, but the original text includes some phrases in Spanish. It's about guarantee granting and how the details are featured in balance sheets. My guess here is either "DEBTS from guarantees issued" (but doesn't sound right to me) or "LIABILITIES FOR GUARANTEES AND COLLATERAL".
The complete sentence reads:
For the purposes of account representation according to IAS principles, the current value of receivable commissions is to be entered in the balance sheet under both assets (entry: deudores varios, i.e. receivables: unpaid fees) and liabilities (entry: pasivos por avales y garantias, i.e. liabilities for guarantess and collateral) of the financial statement.
The Italian author is familiar with the technical language used in balance sheets but said that this was specific to the Spanish system and couldn't find anything quite similar in English.
Grateful in advance for any suggestions! Monica
The complete sentence reads:
For the purposes of account representation according to IAS principles, the current value of receivable commissions is to be entered in the balance sheet under both assets (entry: deudores varios, i.e. receivables: unpaid fees) and liabilities (entry: pasivos por avales y garantias, i.e. liabilities for guarantess and collateral) of the financial statement.
The Italian author is familiar with the technical language used in balance sheets but said that this was specific to the Spanish system and couldn't find anything quite similar in English.
Grateful in advance for any suggestions! Monica
Proposed translations
(English)
| 4 +1 | liabilities for sureties and guarantees |
Edward Tully
|
| 5 | contingent liabilities in respect of guarantees |
Peter Riccomini
|
| 5 -1 | liabilities for guarantees and security |
FVS (X)
|
Change log
Jul 22, 2011 12:23: Edward Tully Created KOG entry
Proposed translations
+1
5 mins
Edward Tully
Native in English
Works in field
Because your words matter
Native in: English (Variants: US, UK) 
Works in: Spanish to English
Related KudoZ points
:
825
Selected
liabilities for sureties and guarantees
Dictionary - Definition of guarantees - [ Traducir esta página ]
www.websters-online-dictionary.org/definition/guarantees3, 4.9977, liabilities for guarantees and sureties, surety and guarantee liabilities, guarantee and indemnity liabilities, liabilities from guarantees and ...
►liabilities for guarantees and sureties - Î¼ÎµÏ„Î¬Ï†Ï Î±ÏƒÎ ... - [ Traducir esta página ]
www.websters-online-dictionary.org/.../liabilities for guar... ...liabilities for guarantees and sureties - Î¼ÎµÏ„Î¬Ï†Ï Î±ÏƒÎ· & translation ...
Dictionary - Definition of sureties - [ Traducir esta página ]
www.websters-online-dictionary.org/dictionary.asp?dictionar... 4.9991, liabilities for guarantees and sureties, liabilities from ...
Mostrar más resultados de websters-online-dictionary.orgsurety > fiador; fianza - [ Traducir esta página ]
www.proz.com › ... › English to Spanish › Law/Patents - En caché27 Oct 2001 – liabilities for guarantees and sureties [4] Spanish Term fianzas y garantías. HTH Reference: http://europa.eu.int/eurodicautom/ ...
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Note added at 2 hrs (2011-07-17 11:08:27 GMT)
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Best not to use "security" here as you'll be using "securities" for "valores" elsewhere I imagine...
www.websters-online-dictionary.org/definition/guarantees3, 4.9977, liabilities for guarantees and sureties, surety and guarantee liabilities, guarantee and indemnity liabilities, liabilities from guarantees and ...
►liabilities for guarantees and sureties - Î¼ÎµÏ„Î¬Ï†Ï Î±ÏƒÎ ... - [ Traducir esta página ]
www.websters-online-dictionary.org/.../liabilities for guar... ...liabilities for guarantees and sureties - Î¼ÎµÏ„Î¬Ï†Ï Î±ÏƒÎ· & translation ...
Dictionary - Definition of sureties - [ Traducir esta página ]
www.websters-online-dictionary.org/dictionary.asp?dictionar... 4.9991, liabilities for guarantees and sureties, liabilities from ...
Mostrar más resultados de websters-online-dictionary.orgsurety > fiador; fianza - [ Traducir esta página ]
www.proz.com › ... › English to Spanish › Law/Patents - En caché27 Oct 2001 – liabilities for guarantees and sureties [4] Spanish Term fianzas y garantías. HTH Reference: http://europa.eu.int/eurodicautom/ ...
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Note added at 2 hrs (2011-07-17 11:08:27 GMT)
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Best not to use "security" here as you'll be using "securities" for "valores" elsewhere I imagine...
4 KudoZ points awarded for this answer.
Comment: "Many thanks for your kind help and detailed information!"
10 hrs
contingent liabilities in respect of guarantees
'Avales' and 'garantias' are both translated as 'guarantees' in English. They are off balance sheet or contingent liablities.
-1
1 hr
liabilities for guarantees and security
garantia is NOT a guarantee, it is security
aval=guarantee.
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Note added at 5 days (2011-07-22 13:12:18 GMT) Post-grading
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You are welcome. Shame you chose a wrong answer.
aval=guarantee.
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Note added at 5 days (2011-07-22 13:12:18 GMT) Post-grading
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You are welcome. Shame you chose a wrong answer.
Note from asker:
| Thank you, FVS, for your contribution! |
Peer comment(s):
| disagree |
Peter Riccomini
: 'Garantía' can ceratinly be guarantee. 'Security' doesn't make sense here, paired with 'avales'.
8 hrs
|
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