Glossary entry (derived from question below)
French term or phrase:
à appliquer en équivalence du crédit
English translation:
The applicable pay-in-cash discount rate equals the discount rate given for a line of credit
Added to glossary by
MatthewLaSon
Sep 17, 2007 16:08
16 yrs ago
French term
Canada
à appliquer en équivalence du crédit
French to English
Bus/Financial
Retail
listed in a table with regard to payment facilities and credit conditions
Taux d'équivalence paiement comptant: taux d'escompte à appliquer en équivalence du crédit
Taux d'équivalence paiement comptant: taux d'escompte à appliquer en équivalence du crédit
Proposed translations
(English)
| 2 -1 | The applicable (pay-in-cash) discount rate equals the discount rate given for a line of credit |
MatthewLaSon
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Change log
Sep 18, 2007 22:11: MatthewLaSon Created KOG entry
Sep 18, 2007 22:11: MatthewLaSon changed "Edited KOG entry" from "<a href="/profile/35643">MatthewLaSon's</a> old entry - "à appliquer en équivalence du crédit"" to ""The applicable (pay-in-cash) discount rate equals the discount rate given for a line of credit""
Proposed translations
-1
5 hrs
Selected
The applicable (pay-in-cash) discount rate equals the discount rate given for a line of credit
Hello,
I'm far from sure, but it seems that the customer is getting a discount rate for paying in cash instead of making payment on a line of credit granted by the company. The company states the discount rate for paying in cash would be equivalent to the discount given for a opening a line of credit.
I hope this helps. It's just a guess.
I'm far from sure, but it seems that the customer is getting a discount rate for paying in cash instead of making payment on a line of credit granted by the company. The company states the discount rate for paying in cash would be equivalent to the discount given for a opening a line of credit.
I hope this helps. It's just a guess.
Peer comment(s):
| disagree |
rkillings
: Not for a 'line of credit'. The cash discount is equivalent to the percentage by which the seller's bank would discount the seller's receivable (=turn it into cash to the seller).
1 day 11 hrs
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How can you be so sure with so little context? You could be right, but I can't be sure of anything at this point.
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4 KudoZ points awarded for this answer.
Comment: "Many thanks Matthew! Your explanation makes much sense in this context. "
Discussion
Taux d'équivalence paiement comptant appears in the column "charactérisque" and taux d'escompte à appliquer en équivalence du crédit - gratuit si > 3 mois" appears in the column "description" - the next column gives the value of 99.9%