transfer a loan against

Discussion in 'Financial Terms' started by la_wilsen, Jan 9, 2013.

  1. la_wilsen Senior Member

    Spanish
    Hi all!!

    The text says: "Transfer of a loan contract against XXX company for a total amount of XXX."

    Is it in Spanish "ceder un contrato de préstamo a favor de la empresa XXX por un importe total de XXX"?

    Thanks for your answers.
     
  2. k-in-sc

    k-in-sc Senior Member

    Seems like you would need "cesión" or "transferencia."
     
  3. RicardoElAbogado Senior Member

    SF Bay Area, California
    American English
    The English is a little odd, which may be causing the confusion. Usually a loan is "to" or "from" someone. And usually the loan itself (or the promissory note and other loan papers) would be transferred (not a "loan contract"). Because of the peculiar language, I can't tell if the loan is being transferred to XXX or from XXX.

    My guess is that XXX is the borrower. If so, the meaning in English would probably be "Transfer of a loan made by XXX company for a total amount of xxx." That is what I would translate into Spanish.
     
  4. k-in-sc

    k-in-sc Senior Member

    If XXX is the borrower, the loan would be made to (a favor de) XXX ...
     
  5. RicardoElAbogado Senior Member

    SF Bay Area, California
    American English
    Oops. k-in-sc is correct. ...loan made to XXX ...
     

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