GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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22:01 Aug 16, 2016 |
Italian to English translations [PRO] Bus/Financial - Insurance / INSURANCE SCHEDULE | |||||||
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| Selected response from: Erzsébet Czopyk Hungary Local time: 02:24 | ||||||
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Summary of answers provided | ||||
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2 +1 | upon mere receipt thereof (of the notice) |
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3 | with its receipt only |
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con la sola sua ricevuta (avviso) upon mere receipt thereof (of the notice) Explanation: \"In caso di sinistro la Societa assicuratrice si obbliga a dare avviso alla Banca, che potra intervenire nella liquidazione del sinistro e le somme che verranno liquidate dalla Societa assicuratrice dovranno essere trattenute sino alla concorrenza del suo credito, ad esclusive disposizione della Banca, che potra anche ritirarle con la sola sua ricevuta.\" In the event of any loss, the Insurance Company undertakes (covenants: if in a deed) to give notice to the Bank that will be able to join in (*act as a party to*) the claim settlement ('adjustment') and such sums as happen to be settled ('adjusted') by the Insurance Company will have to be withheld right up to limit of the former's (Ins. Co.'s) credit facility, at the exclusive disposal (control) of the Bank that will also be able withdraw (draw down & release) the proceeds upon mere receipt of the notice (speculatively: no proof of claim needed). The bank is made to act as a go-between for the insurance company that says 'stop, start'. An ingenious Roman insurance-cum-banking scheme, but will it work? Example sentence(s):
Reference: http://https://books.google.at/books?isbn=158798041X |
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with its receipt only Explanation: exclusive disposal of the Bank, that will be able withdraw with its receipt only -------------------------------------------------- Note added at 50 mins (2016-08-16 22:51:31 GMT) -------------------------------------------------- that will be able to withdraw -------------------------------------------------- Note added at 1 hr (2016-08-16 23:09:29 GMT) -------------------------------------------------- Letz' split the long sentence: 1. In case of accident insurance, the Company is obliged to give/shall give notice to the Bank, 2. that (=the Bank) will be able to intervene in the settlement of the claim 3. and the amounts that will be paid by the insurance Company 4. (=the amounts) shall/will be withheld up to the amount of his claim, (not "sino" but fino alla concorrenza) 5. for exclusive disposal of the Bank, 6. that (=the Bank) will be able also withdraw with/upon its receipt only. Vehicle insurance if the accident wasn't your fault If your vehicle is in an accident, you may want to make a claim on your motor insurance to get it repaired. This page tells you what you can do if the accident wasn’t your fault and what you need to think about before your vehicle is repaired. If the accident wasn’t your fault If the accident wasn’t your fault, you can use a credit hire company instead of making a claim through your insurance company. A credit hire company pays for the cost of you hiring a replacement vehicle while yours is being fixed, and pays for the cost of repairs. The company then claims back these costs from the insurance company of the other driver who is at fault in the accident. https://www.citizensadvice.org.uk/debt-and-money/insurance/t... https://www.infinityauto.com/knowledge-center/understanding-... http://www.europ-assistance.hu/hu-en/automotive/accident-ins... -------------------------------------------------- Note added at 1 hr (2016-08-16 23:10:07 GMT) -------------------------------------------------- "Let's split the long sentence" sorry -------------------------------------------------- Note added at 3 hrs (2016-08-17 01:44:44 GMT) -------------------------------------------------- Middle market insurance Middle market insurance does not have an exact definition, but it generally describes business insurance for mid-size companies. These companies, referred to as "middle-market" companies, may have total insurance premiums anywhere from $25,000 to $3 million or more in insurance premiums. Middle market insurance clients may seek middle market brokers and providers who may understand and meet their needs better than large providers. -------------------------------------------------- Note added at 3 hrs (2016-08-17 01:48:42 GMT) -------------------------------------------------- Vincoli - constraints/conditions -------------------------------------------------- Note added at 3 hrs (2016-08-17 01:58:14 GMT) -------------------------------------------------- LEZIONE 7 – 19/10/2015 - CONTRATTI BANCARI E ASSICURATIVI ... www.unife.it/giurisprudenza/...servizi.../contratti-bancari... L'apertura di credito / The credit facility L’apertura di credito rappresenta la principale operazione attiva delle banche. E’ il contratto con il quale la banca si obbliga a tenere a disposizione dell’altra parte una somma di denaro, per un dato periodo di tempo o a tempo indeterminato (art. 1842 cc). This is the contract under which the bank agrees to make available to the other party a sum of money for a given period of time or indefinitely (Art. 1842 Civil Code). la ricevuta bancaria = the receipt of the bank -------------------------------------------------- Note added at 4 hrs (2016-08-17 02:11:10 GMT) -------------------------------------------------- Ok, I am trying and Phil will correct me (please do!) We call it usually Ex NUB which is are made/done through an electronic collection service. I was focused on the text and missed the main point that you do fave a facility insurance. Let's imagine you ha ve a big house and there are many flats. The person in the third floor leave the bathtub faucet open because he is drunk. You are living under this on the 2th floor and your flat is literally looks like a waterfall. You call the insurance company and they state your claim is OK. But they will give/or at least promise to give money to you. To get the money from them the Head of Customet Claim Dept shall sign an order/approval and then the bank will transfer for you the money. you can go ther personally and do whatever you want but until they did not receive the order+aapproval, they (the Bank) will not let you the transfer. Please reflect if I misunderstood. -------------------------------------------------- Note added at 4 hrs (2016-08-17 02:19:43 GMT) -------------------------------------------------- maybe bett to replace as 'their (own) receipt' -------------------------------------------------- Note added at 4 days (2016-08-21 14:26:54 GMT) Post-grading -------------------------------------------------- Thank you very much, Heather! |
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