Glossary entry

Spanish term or phrase:

'Expediente: Libres'

English translation:

Application (Insurance Proposal) - Exempt & Clear (Payments)

Added to glossary by KirstyMacC (X)
May 8, 2004 16:55
20 yrs ago
Spanish term

'Expediente: Libres'

Spanish to English Other Real Estate legal contract
On an insurance policy for a house purchase in Spain - also on the policy it says: Modalidad: Cantidades Anticipadas Libres, which someone has already translated as 'escrow', but I don't see how that fits in here.
Proposed translations (English)
3 Application (Insurance Proposal) - Exempt & Clear (Payments)

Proposed translations

6 hrs
Selected

Application (Insurance Proposal) - Exempt & Clear (Payments)

'Arrangement: (Tax-)Exempt'

Prepayments - depending on who's paying what: the policyholder paying tax-free premiums - free of bank charges etc. - so the insurer receives a clear amount?

'... question. This is 17% of the $2.12 billion total dollar amount issued for tax *exempt prepayments* over the past five years.'


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