Glossary entry

Italian term or phrase:

a loro credito

English translation:

payable to customers

Added to glossary by Therese Marshall
Aug 10, 2014 13:08
9 yrs ago
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Italian term

a loro credito

Italian to English Law/Patents Law (general) labour law
In sostanza, gli interessi pagati dai clienti si raddoppiavano e quelli a loro credito si dimezzavano; nel sistema informativo era stato inserito un algoritmo di calcolo che apportava un fattore correttivo, peraltro con altro nome già presente nel sistema informativo sin dal 1977;

Proposed translations

4 hrs
Selected

payable to customers

I would translate it this way. Ordinary commercial (clearing/highstreet)Banks tend to have customers, while investment and merchant banks have "clients" especially if the clients are companies (corporate clients).


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1 hr

(the interest) due to the clients

as a result, the interest due to the clients has been halved. Those that the clients paid doubled-the figures showed that these were double what they should have been, whereas those due to the clients were half the amount they should have been. That is how I understand it
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