Dec 13, 2010 22:13
13 yrs ago
Russian term
уступке прав и переуступке обязательств
Russian to English
Bus/Financial
Finance (general)
договору Об уступке прав и переуступке обязательств
it s to do with assigning accounts receivable to another party.
Would "Accounts receivable pledging agreement and reasignment of
obligations " cut the mustard ?
Many thanks !
it s to do with assigning accounts receivable to another party.
Would "Accounts receivable pledging agreement and reasignment of
obligations " cut the mustard ?
Many thanks !
Proposed translations
+1
7 mins
1 hr
transfer of rights and obligations [in regard of account ...]
Declined
.
3 hrs
assignment of accounts receivable with recourse
Declined
A lending agreement, often long term, between a borrowing company and a lending institution whereby the borrower assigns specific customer accounts that owe money (accounts receivable) to the lending institution. In exchange for assignment of accounts receivable, the borrower receives a cash advance for a percentage of the accounts receivable. The borrower pays interest and a service charge on the advance.
Investopedia Says:
If the borrower retains ownership of the accounts, then the borrower continues to collect the accounts receivable and passes the payments on to the lender. Since the borrower retains ownership, he also retains the risk that some accounts receivable will not be repaid. In this case, the lending institution may demand payment directly from the borrower. This arrangement is called assignment of accounts receivable with recourse.
Assignment of accounts receivable should not be confused with pledging or factoring of accounts receivable.
http://www.4hb.com/letters/ltrasgnar1.html
Investopedia Says:
If the borrower retains ownership of the accounts, then the borrower continues to collect the accounts receivable and passes the payments on to the lender. Since the borrower retains ownership, he also retains the risk that some accounts receivable will not be repaid. In this case, the lending institution may demand payment directly from the borrower. This arrangement is called assignment of accounts receivable with recourse.
Assignment of accounts receivable should not be confused with pledging or factoring of accounts receivable.
http://www.4hb.com/letters/ltrasgnar1.html
23 days
assignment of rights adn obligations
Мне как-то один юрист сказал, что в русском юридическом языке нет понятия "ПЕРЕуступка", а есть "уступка". "Переуступка" якобы встречается лишь в одном документе Минздрава.
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