GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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16:15 Jan 21, 2016 |
Italian to English translations [PRO] Bus/Financial - Insurance | |||||||
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| Selected response from: Adrian MM. (X) Local time: 01:41 | ||||||
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Summary of answers provided | ||||
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4 +1 | frequency of decrease |
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2 | (AmE) Declining > (BrE) Reducing > Balance Instal(l)ment Split |
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frequency of decrease Explanation: not sure this is the best way to translate this however this is what it is: the insurance cover decreases over time, usually in line with the underlying loan it is called decreasing term insurance or mortgage life insurance http://financial-dictionary.thefreedictionary.com/Decreasing... https://www.metlife.it/it/persona/assicurazioni-vita-mutuo-f... in Italian "assicurazione a capitale decrescente" |
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(AmE) Declining > (BrE) Reducing > Balance Instal(l)ment Split Explanation: cf. reducing-balance depreciation in accounting. Perchance the level of instalments (instalment payments) goes down as more and more premiums are paid. Reference: http://https://us.axa.com/axa-products/life-insurance/articl... |
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