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Glossary entry

Spanish term or phrase:

Cancelacion de credito

English translation:

cancellation of credit contracts

Added to glossary by Pamela Peterson
Aug 28, 2012 11:15
11 yrs ago
19 viewers *
Spanish term

Cancelacion de credito

Spanish to English Bus/Financial Other
I would like confirmation of what is meant by "cancelacion de credito" - I know "cancelacion" can be "pay off" or "write off" in English... or something else? which one is it in this case? This is from a govt doc in Mexico RE: regulation on tariffs. Below is the paragraph where it appears:

Por la inscripción o cancelación de contratos de crédito a la producción, los derechos a pagar, de acuerdo a su monto, serán los siguientes: no obstante lo que dispone el primer inciso del artículo 50-A.
Proposed translations (English)
4 +1 cancellation of credit contracts

Proposed translations

+1
31 mins
Selected

cancellation of credit contracts

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licensing or registration, including financial security requirements of ... 5(1) Where a direct sales contract is cancelled the direct seller shall, within 15 days of the ... is cancelled, that cancellation has the effect of cancelling the credit contract.
Peer comment(s):

agree Richard Hill
3 hrs
Thank you!
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4 KudoZ points awarded for this answer. Comment: "thanks!"