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Glossary entry

Italian term or phrase:

anticipo

English translation:

advance

Added to glossary by isobel Grave
May 5, 2018 03:44
6 yrs ago
20 viewers *
Italian term

anticipo

Italian to English Bus/Financial Finance (general) bank statement
The context to this use of "anticipo" is a bank statement. The abbreviations make it harder to interpret. The notation reads "SCARICO ANT/DOC and elsewhere ANTIC.SU DOCU. If you can shed light on this, including what"DOCU" means here, I'd be really happy. Thanks so much.

Unicorno
Proposed translations (English)
1 advance
Change log

May 5, 2018 03:44: changed "Kudoz queue" from "In queue" to "Public"

May 6, 2018 04:16: Karen Zaragoza changed "Vetting" from "Needs Vetting" to "Vet OK"

Discussion

mrrafe May 6, 2018:
Am somewhat guessing but I think the bank's customer is asking the bank to advance credit (the anticipation) to a third party debtor to facilitate a transaction between customer and debtor. The bank charges the customer certain fees for documents related to that service. The customer must repay the bank if the debtor does not, and in that scenario there may be additional service fees the bank collects from the customer.

Proposed translations

1 day 1 hr
Selected

advance

See discussion entry
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4 KudoZ points awarded for this answer. Comment: "Thanks, I think you have it there. I had misunderstood that meaning of "docu". I though they were records. Very helpful. Unicorno "
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