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  3. Finance (general)

forfettizzando

English translation: incorporating

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:forfettizzando
English translation:incorporating
Entered by: Paul O'Brien

08:02 Apr 19, 2024
Italian to English translations [PRO]
Bus/Financial - Finance (general) / AMFs
Italian term or phrase: forfettizzando
il Comitato Consultivo ha deliberato positivamente in merito alla proposta di modifica del calcolo dell’ammontare della performance fee dovuta rispetto a quanto previsto nel Regolamento, forfettizzando - a fronte dell’attività già svolta - le commissioni variabili totali in un importo una tantum pari ad Euro XXX, che sarà pagato in più tranche entro la data di liquidazione del Fondo.

I know what they mean, because then even say it on the next line, but can't find a suitable verb. TIA
Paul O'Brien
Argentina
Local time: 09:21
reducing ...to
Explanation:
reducing ... to a one-off sum of Euro XXX

or

incorporating ...in a one-off sum
Selected response from:

Lisa Jane
Italy
Local time: 14:21
Grading comment
I used "incorporating".
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +1waiving
James (Jim) Davis
4 +1reducing ...to
Lisa Jane
3 +2agreeing on a lump-sum price/one-off amount
Kate Chaffer
3Forfeiting
Chiara D'Andrea
2forfaiting -> selling at a discount
Adrian MM.


Discussion entries: 3





  

Answers


28 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
Forfeiting


Explanation:
Not sure and you probably have thought about it already.

Chiara D'Andrea
Local time: 13:21
Native speaker of: Italian
PRO pts in category: 4
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32 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
reducing ...to


Explanation:
reducing ... to a one-off sum of Euro XXX

or

incorporating ...in a one-off sum

Lisa Jane
Italy
Local time: 14:21
Native speaker of: Native in EnglishEnglish, Native in ItalianItalian
PRO pts in category: 68
Grading comment
I used "incorporating".

Peer comments on this answer (and responses from the answerer)
agree  philgoddard: I agree with incorporating or combining, but not reducing. And I think you should include references and a full explanation.
5 hrs
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2 hrs   confidence: Answerer confidence 2/5Answerer confidence 2/5
forfaiting -> selling at a discount


Explanation:
forf*a*iting rather than forfeiting or NB factoring-> 'Factoring involves the sale of trade receivables to a factor, typically a bank, in exchange for immediate cash payment. On the other hand, forfaiting is a form of export financing where the exporter sells the rights to trade receivables to a forfaiter and receives instant cash.'

Don't worry if you don't understand this form of finance. My inhouse City of London notarial boss dual-qualified as a Solicitor never did, either.

forfettizzando - a fronte dell’attività già svolta - le commissioni variabili : forfaiting ... variable commissions -> as amounts recevable -> by selling them at a discount


Example sentence(s):
  • IATE: accounting [BUSINESS AND COMPETITION] COM en forfaiting PREFERRED COM forfeiting COM it * forfaiting* COM forfetizzazione
  • Forfaiting is a means of financing that enables exporters to receive immediate cash by selling their medium and long-term receivables—the amount an importer owes the exporter—at a discount through an intermediary.

    Reference: http://www.investopedia.com/terms/f/forfaiting.asp
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 77
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2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
forfettizzando
agreeing on a lump-sum price/one-off amount


Explanation:
https://dizionari.repubblica.it/Italiano-Inglese/F/forfettiz...

Kate Chaffer
Italy
Local time: 14:21
Native speaker of: Native in EnglishEnglish
PRO pts in category: 40

Peer comments on this answer (and responses from the answerer)
agree  philgoddard: I'm not sure this is the best translation for the context, but kudos for looking it up in a dictionary! It doesn't mean forfeit/waive, though Paul is right that 'forfettizzando in un importo una tantum' is saying the same thing twice.
3 hrs
agree  James (Jim) Davis: Forfettizzare explicitly implies the choice of a lumpsum payment over an alternative usually pro rata payment, which is given in the text here.
4 hrs
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1 hr   confidence: Answerer confidence 5/5 peer agreement (net): +1
waiving


Explanation:
See discussion entry for details

--------------------------------------------------
Note added at 7 ore (2024-04-19 15:35:54 GMT)
--------------------------------------------------

In the discussion, this is "waiving .... in exchange for". "waiving" by itself does not translate forfettizzando.

James (Jim) Davis
Seychelles
Local time: 16:21
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4512

Peer comments on this answer (and responses from the answerer)
agree  writeaway
9 hrs
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