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  3. Law: Contract(s)

continuing credit approval

English translation: continuing credit approval

08:45 May 30, 2011
English language (monolingual) [PRO]
Law/Patents - Law: Contract(s)
English term or phrase: continuing credit approval
payment terms are net thirty days from the date Buyer is invoiced for the applicable Products or service subject to continuing credit approval. Credit approval shall be reviewed by the Seller as the Seller deems necessary.

Does it mean "approval of continuing credit" or "continuing approval of credit" in this particular context ?
ZenonStyczyrz
Local time: 17:22
Selected answer:continuing credit approval
Explanation:
This means that the terms of the agreement are in place only as long as the paying party continues to have credit approval from the payee / credit reference agencies. So the agreement is subject to the continuing approval of the paying party's credit by the authorities and the payee.
Selected response from:

Liz Dexter (was Broomfield)
United Kingdom
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
4 +2continuing credit approval
Liz Dexter (was Broomfield)
Summary of reference entries provided
Does this help ?
Catharine Cellier-Smart

  

Answers


46 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
continuing credit approval


Explanation:
This means that the terms of the agreement are in place only as long as the paying party continues to have credit approval from the payee / credit reference agencies. So the agreement is subject to the continuing approval of the paying party's credit by the authorities and the payee.

Liz Dexter (was Broomfield)
United Kingdom
Native speaker of: English
PRO pts in category: 4
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  Veronika McLaren
9 hrs
  -> Thank you!
agree  Ildiko Santana
75 days
  -> Thank you!
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Reference comments


20 mins
Reference: Does this help ?

Reference information:
http://www.proz.com/kudoz/english_to_polish/finance_general/...

Catharine Cellier-Smart
Reunion
Native speaker of: English
Note to reference poster
Asker: I had read it before I asked the question. Thank you anyway

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