Glossary entry

French term or phrase:

prélèvement prioritaire

English translation:

payment according to rank (of debt)

Added to glossary by Stephanie Mitchel
May 14, 2003 20:13
21 yrs ago
2 viewers *
French term

prélèvement prioritaire

French to English Bus/Financial Investment / Securities investment banking
Context: refinancing a securities portfolio

Wording: "Semestriellement, au plus tard 45 jours après la clôture de chaque semestre civil, le solde de ce compte sera ramené à zéro par prélèvement prioritaire sur le compte gage-espèces, concomitamment à la réduction du montant du crédit."

Proposed translations

1 hr
Selected

payment according to rank

prélèvement = payment, debit
prioritaire = I understand this to mean that the first-ranking debts get paid first, and so on.
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4 KudoZ points awarded for this answer. Comment: "Yes, thanks!"
1 hr

priority levy or priority drawing

I should prefer the second term, but i cannot say why ?
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+1
1 day 5 mins

priority drain on ....

me semble suffisamment explicite. A moins d'insister en précisant
"first-rank priority drain"
Peer comment(s):

agree Sanaa Omrany
19 hrs
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