Glossary entry

Spanish term or phrase:

carta de balance de cancelación

English translation:

redemption statement

Added to glossary by Catherine Mactaggart
Sep 2, 2014 03:03
9 yrs ago
16 viewers *
Spanish term

carta de balance de cancelación

Spanish to English Bus/Financial Real Estate
I have found a reference to this type of document here (6th page, point 4):

http://www.leydetransicion2012.pr.gov/2012/075/Informe de re...

where it states:

'Carta de balance de cancelación: Significa un documento certificado...que desglosa la cantidad de dinero con la cual un préstamo hipotecario adeudado podría ser cancelado a una fecha específica'

However I can't find any reference to the correct term in English.

The context for my translation is:

'Dicha hipoteca se encuentra reducida mediante pagos parciales a la suma de $xxx según consta de catra de balance de cancelación fechada 28 May 2014'

Gracias!
Proposed translations (English)
4 +1 redemption statement

Discussion

philgoddard Sep 2, 2014:
No A balance sheet is a statement of assets and liabilities, so it doesn't work here.
Catherine Mactaggart (asker) Sep 2, 2014:
Would simply: "mortgage balance sheet' work?

Proposed translations

+1
20 mins
Selected

redemption statement

That's what it's called in the UK.
Example sentence:

Once you've decided that you want to pay off your mortgage, you need to request a 'Final Redemption Statement' for the date that you expect to repay it.

Peer comment(s):

agree David Hollywood : this is nice :)
4 mins
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4 KudoZ points awarded for this answer. Comment: "Thanks a lot"
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