si la provision est insuffisante

English translation: should there be insufficient funds

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:si la provision est insuffisante
English translation:should there be insufficient funds
Entered by: Adrian MM.

16:24 Aug 18, 2020
French to English translations [PRO]
Bus/Financial - Finance (general) / Law: Contract(s)
French term or phrase: si la provision est insuffisante
I'm translating a basic loan contract French to English. Wanted some outside opinions on how to best render these phrases. Any help greatly appreciated. Here is the context:

le règlement des échéances, en principal et intérêts, ne constitue pas automatiquement paiment effectif si la provision est insuffisante et donc n'emporte pas novation de la créance sur l'emprunteur.

Are we talking about insufficient funds? How can someone pay principal and interest and yet the payment is not effective? Thanks in advance!
Elizabeth Kulikov
Local time: 12:47
should there be insufficient funds (to cover payment)
Explanation:
A check / cheque may be uncovered, so dishono(u)red and 'bounces'. In this case, there isn't enough money on the account to pay so match the BrE: instalment AmE installments as and when they fall due.
Selected response from:

Adrian MM.
Austria
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1if the installment payment is insufficient/not enough
Francois Boye
3 +1should there be insufficient funds (to cover payment)
Adrian MM.


  

Answers


27 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
if the installment payment is insufficient/not enough


Explanation:
my take

Francois Boye
United States
Local time: 05:47
Specializes in field
Native speaker of: Native in FrenchFrench
PRO pts in category: 305

Peer comments on this answer (and responses from the answerer)
agree  Eliza Hall: Yep.
2 hrs
  -> Thanks!

neutral  AllegroTrans: It's not so much about if being insufficient/not enough but about the payer having insufficient funds to cover the payment, which would appear to be by debit to his or her bank account
6 hrs
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4 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
should there be insufficient funds (to cover payment)


Explanation:
A check / cheque may be uncovered, so dishono(u)red and 'bounces'. In this case, there isn't enough money on the account to pay so match the BrE: instalment AmE installments as and when they fall due.

Example sentence(s):
  • La récupération du chèque non payé et sa présentation à la banque sont acceptées comme preuve de paiement des sommes dues.

    Reference: http://eng.proz.com/kudoz/french-to-english/finance-general/...
    Reference: http://pouruneautreeconomie.fr/comment-savoir-si-un-cheque-e...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 81

Peer comments on this answer (and responses from the answerer)
agree  AllegroTrans: Yes but more likely a direct debit than a check/cheque
2 hrs
  -> Thanks, AT.
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