This site uses cookies. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. For more information, please see the ProZ.com privacy policy.
Cookie settings
  1. KudoZ™ Top
  2. Italian to English
  3. Business/Commerce (general)

fideiussione passiva

English translation: bank guarantee (for a customer's debts)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:fideiussione passiva
English translation:bank guarantee (for a customer's debts)

14:57 Jun 25, 2019
    The asker opted for community grading. The question was closed on 2019-06-28 16:54:07 based on peer agreement (or, if there were too few peer comments, asker preference.)


Italian to English translations [PRO]
Bus/Financial - Business/Commerce (general) / bankruptcy/liquidation
Italian term or phrase: fideiussione passiva
This is an exchange of e-mails regarding the bankruptcy proceedings for a company, and the claims related to this.

It is stated that a financial institution issued a "fideiussione passiva" for the company (now in liquidation) against short-term credit lines.

Elsewhere I have translated the noun 'passivo' as 'liability', but I am not sure how I could work this in here. I am wondering whether simply 'payable' would work.

xxx
Thomas Miles
France
Local time: 12:02
bank guarantee (for a customer's debts)
Explanation:
I don't believe there is a term for this in English. All personal guarantees are off-balance sheet liabilities. A fideiussione is an unsuecured guarantee as enshrined in Italian law, usually given or accepted by banks.
The attiva fideiussione is where you borrow money from the bank and a third party, your mum of brother for example guarantees it with a promise. From the bank's viewpoint that is an asset, but from your brother's it is a liability.
Selected response from:

James (Jim) Davis
Seychelles
Local time: 14:02
Grading comment
Thanks for replying. Unfortunately I didn't get your answer until after delivering.
4 KudoZ points were awarded for this answer



Summary of answers provided
4bank guarantee (for a customer's debts)
James (Jim) Davis


  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
bank guarantee (for a customer's debts)


Explanation:
I don't believe there is a term for this in English. All personal guarantees are off-balance sheet liabilities. A fideiussione is an unsuecured guarantee as enshrined in Italian law, usually given or accepted by banks.
The attiva fideiussione is where you borrow money from the bank and a third party, your mum of brother for example guarantees it with a promise. From the bank's viewpoint that is an asset, but from your brother's it is a liability.

James (Jim) Davis
Seychelles
Local time: 14:02
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 1888
Grading comment
Thanks for replying. Unfortunately I didn't get your answer until after delivering.
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

Return to KudoZ list

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

See also:
ProZ.com term search
Search millions of term translations
Close search
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search