GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
---|---|---|---|---|---|---|
|
19:06 Jan 6, 2021 |
Greek to English translations [PRO] Bus/Financial - Economics | |||||||
---|---|---|---|---|---|---|---|
|
| ||||||
| Selected response from: Peter Close Local time: 13:49 | ||||||
Grading comment
|
Summary of answers provided | ||||
---|---|---|---|---|
4 +1 | underwrites or guarantees or endorses (or guarantees the payment of) |
|
underwrites or guarantees or endorses (or guarantees the payment of) Explanation: The full answer is: underwrites or guarantees or endorses (or guarantees the payment of) Literally, this is ‘provides a third-party guarantee’ that the promissory notes, bills. etc., will be paid. In the case of cheques and promissory notes in Greece, this is normally done simply by adding one's signature and stamp on the back of the cheque or note. See: https://www.google.com/search?q=τριτεγγυάται στα Αγγλικα&oq=... and https://www.google.com/search?ei=iLb2X5zpGaKJlwSW86uADA&q=un... and endorsement (also spelled indorsement) Placing one's signature on the back of a check or other negotiable instrument in order to transfer ownership to another.Endorsers warrant payment of the instrument unless they sign with the additional words “without recourse.” https://financial-dictionary.thefreedictionary.com/endorseme... -------------------------------------------------- Note added at 12 hrs (2021-01-07 07:55:25 GMT) -------------------------------------------------- In such cases in Greece, the first person responsible for paying the cheque or note or bill is the person who issued it. However, if he does not pay the cheque or note. the next person who is responsible for paying the cheque or note is the first person or party who 'endorsed' the cheque or note. In Greece, traders or companies often pay suppliers with cheques that have been 'endorsed' by a number of previous recipients. In those cases, all people endorsing the cheque (i.e., all people signing the cheque on the back) are jointly and severally liable for paying the cheque or note. -------------------------------------------------- Note added at 13 hrs (2021-01-07 08:41:45 GMT) -------------------------------------------------- Note: A bank cheque is called a bank check in U.S. English loan, underwrites the check and sets up a payment schedule. For additional information about the. Revolving Loan Fund. Program, or to obtain a copy of the loan. https://www.ci.desoto.tx.us/Archive/ViewFile/Item/1448 She is pictured here receiving her award check from Mr. Charlie Deaton of OrthoCorp who underwrites the check and presents the award annually https://docplayer.net/8522829-Dental-review-now-a-reality-ko... It underwrites the cheque : it is a guarantee that there will be enough capital to pay it. The bank draws the amount of the cheque from its own fund, and then . http://babylonechat.free.fr/cours_lea/banking_system_gb.htm See ‘Endorsing a Third-Party Check’ in: https://www.huntington.com/learn/checking-basics/how-to-endo... You can also say, ‘provides a third-party guarantee for’. See: https://www.google.com/search?ei=Xsj2X4jxPK2IlwSQm4PgAw&q=" ... -------------------------------------------------- Note added at 14 hrs (2021-01-07 10:00:19 GMT) -------------------------------------------------- See the meaning of ‘underwrite’ given in item 2.1 in: https://www.lexico.com/definition/underwrite and see meaning of ‘endorse’ given in item 2 in: https://www.lexico.com/definition/endorse |
| |
Login to enter a peer comment (or grade) |
Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.