adglife

In a recent effort to translate some claim monitoring documentation for a lender-placed insurance company that outsources to some big-name banks, I ran upon a few terms that were a little choppy. Maybe you could help... Such phrases included:

"Insurance proceeds" and/or "Insurance proceeds check"

"Restricted escrow" or "escrow" especially

IRS terms, like "Backup withholding"

"Disbursements"

To name a few. Any input?

Hebe

Hi Adglife. Welcome to the Forum !!!!

Let’s see if the terms I am going to suggest can help you out: Hopefully, you will be getting other inputs to ¿choose from

"Restricted escrow" could be translated as “Fideicomiso con Cláusula de Restricción”

Backup withholdings: could be translated as “retenciones de respaldo”.

Disbursements could be translated as gastos or desembolsos

Insurance proceeds: would be “Ganancias provenientes de seguros”

Hope this helps

Best regards

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"To him whose elastic and vigorous thought keeps pace with the sun, the day is a perpetual morning". Henry David Thrreau"

IUS

Also some help here:

English to Spanish Financial Dictionary


English to Spanish Accounting Dictionary

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IUS

In-House

Hebe's choices are good, but still check out those dictionaries, they are really useful!

Richardsmith

Great thread,
Mortgage Life Insurance refers to an insurance policy that guarantees repayment of a mortgage loan in the event of death or, possibly, disability of the mortgagor. Mortgage insurance protects the lender against loss in the event that the borrower defaults. The borrower pays the premium, but the lender receives the protection. Mortgage insurance has no connection to any kind of life insurance, and pays no benefits to borrowers. The sole benefit received by the borrower is that, with mortgage insurance, lenders are willing to make loans with down payments smaller than 20% of purchase price or appraised value.

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