Glossary entry (derived from question below)
Italian term or phrase:
cessione di credito
English translation:
assignment of benefit
Added to glossary by
Ivana UK
Oct 23, 2016 19:40
7 yrs ago
10 viewers *
Italian term
United Kingdom
IT > EN Translation and Proofreading
Native in: English (Variants: UK, Scottish)
Works in: Italian to English
cessione di credito
Italian to English
Bus/Financial
Insurance
Car Insurance
Document outlining workflow for a car insurance company. This section describes the process for arranging repairs to a damaged vehicle on behalf of a claimant, using the insurer's authorised repairer.
"Il riparatore procederà ad effettuare l’intervento [...] emettendo fattura di riparazione intestata al danneggiato.
La fattura verrà inviata unitamente alla eventuale cessione di credito [...]"
The insurer has agreed to pay for the repairs as per a previous estimate, so as I understand it, the claimant has a credito with the insurer, which is transferred to the repairer, meaning that ultimately the repairer receives payment directly from the insurer (indeed, it later describes the carrozzeria convenzionata as the cessionaria del credito.
So, it is really the transfer of the right to expect payment from the insurer, which seems different from previous questions on this or similar terms. Any ideas how this would be expressed in English (British for preference)?
Thanks in advance.
"Il riparatore procederà ad effettuare l’intervento [...] emettendo fattura di riparazione intestata al danneggiato.
La fattura verrà inviata unitamente alla eventuale cessione di credito [...]"
The insurer has agreed to pay for the repairs as per a previous estimate, so as I understand it, the claimant has a credito with the insurer, which is transferred to the repairer, meaning that ultimately the repairer receives payment directly from the insurer (indeed, it later describes the carrozzeria convenzionata as the cessionaria del credito.
So, it is really the transfer of the right to expect payment from the insurer, which seems different from previous questions on this or similar terms. Any ideas how this would be expressed in English (British for preference)?
Thanks in advance.
Proposed translations
(English)
| 5 | Assignment of debt |
Ivana UK
|
| 4 +4 | Credit transfer |
Andrew Bramhall
|
| 3 | assignment of credit |
Marco Solinas
|
Proposed translations
4 hrs
Selected
Assignment of debt
Assignment of Debt – When a third-party is assigned a debt by a company (such as an invoice) with the intent of handling the debt on behalf of the company. See ‘Factoring’ and ‘Invoice Discounting’
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Note added at 7 hrs (2016-10-24 03:30:58 GMT)
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Assignment is simply the legal term for transferring legal rights in a contract, but it is crucial to understand from the outset that it relates to rights only and not responsibilities. The concept of transferring the burden of a contract is known as novation, whereas assignment relates to the transfer of the benefit of a contract.
http://www.darlingtons.com/blog/assignment-of-a-contract
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Note added at 17 hrs (2016-10-24 12:53:25 GMT)
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Hi James,
Looking at this sgain, it seems that the phrase you are looking for is Assignment of insurance benefits (rather than 'debt'), whereby the insurer pays the company/contractor carrying out the work directly rather than paying out the insurance benefit to the insured, who then pays the company/contractor.
Hope this helps!
--------------------------------------------------
Note added at 7 hrs (2016-10-24 03:30:58 GMT)
--------------------------------------------------
Assignment is simply the legal term for transferring legal rights in a contract, but it is crucial to understand from the outset that it relates to rights only and not responsibilities. The concept of transferring the burden of a contract is known as novation, whereas assignment relates to the transfer of the benefit of a contract.
http://www.darlingtons.com/blog/assignment-of-a-contract
--------------------------------------------------
Note added at 17 hrs (2016-10-24 12:53:25 GMT)
--------------------------------------------------
Hi James,
Looking at this sgain, it seems that the phrase you are looking for is Assignment of insurance benefits (rather than 'debt'), whereby the insurer pays the company/contractor carrying out the work directly rather than paying out the insurance benefit to the insured, who then pays the company/contractor.
Hope this helps!
4 KudoZ points awarded for this answer.
Comment: "Based on some feedback from the client, in this case we are talking about a document signed by the claimant that effectively transfers the credit they have with the insurance company to the repairer. As Ivan says, in more technical language, I believe this would be a case of "assigning the benefit" of the insurance policy."
12 mins
Marco Solinas
Native in Italian
&
English
Accurate, professional translations
Native in: English 
, Italian
Works in: Italian to English, French to English
Related KudoZ points
:
24
assignment of credit
This should do it
Note from asker:
| Thanks Marco. Ideally I would have split the points for this. I went with Ivana's suggestion of "assignment of benefit (of the policy)" ... because it appears that this is (effectively) what they are talking about. |
+4
1 hr
Andrew Bramhall
United Kingdom
United Kingdom
Native in English
United Kingdom
Flair and accuracy tailored to your text
Native in: English
Works in: Spanish to English, German to English
Credit transfer
'cessione di credito 'is the transfer of credit; 'cessionaria del credito' is the transferee, the person or body from whom the transfer of credit/ money stems, i.e, in this case the authorised body repair shop is the transferee, or transferor of credit. So the body shop issues the credit, which falls to the insurer to pay.
That is my understanding; it's simply a credit transfer between the body repair shop and the insurer. I wouldn't call it ' assignment' as that implies a party being judged on their entitlement to credit, as that is slightly different than what the case is here..
That is my understanding; it's simply a credit transfer between the body repair shop and the insurer. I wouldn't call it ' assignment' as that implies a party being judged on their entitlement to credit, as that is slightly different than what the case is here..
Note from asker:
| Thanks Oliver. Not my specialist subject, but as far as I can tell, based on feedback from the client, we are talking about an "assignment" of some sort of obligation to pay, in this case (at least part of) the benefit of the insurance policy. |
Peer comment(s):
| agree |
Peter Cox
2 hrs
|
|
Thanks!
|
|
| agree |
Sabrina Bruna
9 hrs
|
| agree |
Giovanni Pizzati (X)
11 hrs
|
| agree |
Helen Pringle
12 hrs
|
Discussion
Qui il creditore principale è il riparatore (in Italia, detto carrozziere) che dovrebbe incassare dal proprietario della auto incidentata. Il proprietario non può pagare e pertanto il carrozziere cede il credito alla assicurazione per avere il pagamento. Con tale cessione formale il carrozziere verrà pagato dalla assicurazione.
In the model implied by Oliver's answer, is the cessione effectively the act of issuing the credit on the part of the repairer? What form might that take and how is it different from issuing an invoice?
My take was that there is some sort of transfer (assignment?) of a debt/credit (depends which side you are looking at it from) from the claimant to the repairer, which would seem closer to what Ivana is proposing.