GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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07:00 Jun 17, 2013 |
Portuguese to English translations [PRO] Bus/Financial - Finance (general) | |||||||
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| Selected response from: Marlene Curtis United States Local time: 09:22 | ||||||
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Summary of answers provided | ||||
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4 | payroll lending limit |
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4 | reservation of consignable limit |
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payroll lending limit Explanation: Aqueles que decidiram aderir ao convênio anteciparam o recebimento do benefício do INSS em até 15 dias e tiveram esses valores integrados à sua margem consignável. previ.com.br Those who decided to join the plan anticipated INSS benefits in up to 15 days and this amount was integrated to their payroll lending limit. |
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reservation of consignable limit Explanation: Yes, in Brazil there is a limit of 30% of net monthly income/pension that can be consigned for payment of debt in installments. At least, that is the understanding of the courts in case law. -------------------------------------------------- Note added at 7 hrs (2013-06-17 14:11:56 GMT) -------------------------------------------------- What about "reservation of part of the amount that can be committed to loan repayment"? As to "consignação do empréstimo", I'm sure this refers to tying the loan to deductions from payroll/state benefits. In both cases, it reduces the lender's risk, which is why these loans carry lower interest rates than regular loans. And, once someone retires, they are pestered by banks ringing up and offering these loans - I know! Example sentence(s):
Reference: http://www.clicdireito.com.br/materia.asp?titulo=descontos_p... |
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