μετρητό κάλυμμα

English translation: cash coverage ratio

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Greek term or phrase:	δείκτης μετρητού καλύμματος
English translation:	cash coverage ratio
Entered by:	Spyros Salimpas

13:59 Nov 10, 2018

Greek to English translations [PRO]
Law/Patents - Economics

Greek term or phrase: μετρητό κάλυμμα

Αντικαταστάθηκε ο δείκτης κάλυψης του δανείου βάσει αξίας χαρτοφυλακίου μετοχών και μετρητού καλύμματος ο οποίος ορίζονταν
σε ποσοστό 135% επί του δανείου με τη σχέση απαιτήσεων/υποχρεώσεων η οποία ορίστηκε στο 120%.

Spyros Salimpas KudoZ activity Questions: 1636 (13 open) (6 without valid answers) (213 closed without grading) Answers: 159
Local time: 05:34

cash coverage

Explanation:
https://www.google.gr/search?q="cash coverage"&sourceid=chro...
https://www.google.gr/search?q="cash coverage" site:gr&sourc...

Selected response from:

Nick Lingris
United Kingdom
Local time: 03:34

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3 +1

cash coverage

Nick Lingris

cash cover

transphy

Answers

7 hrs confidence:

peer agreement (net): +1

cash coverage

Explanation:
https://www.google.gr/search?q="cash coverage"&sourceid=chro...
https://www.google.gr/search?q="cash coverage" site:gr&sourc...

Nick Lingris
United Kingdom
Local time: 03:34
Works in field
Native speaker of:

Greek
PRO pts in category: 72

Grading comment

Thanks!

7 hrs confidence:

cash cover

Explanation:
http://www.businessdictionary.com/definition/cash-cover.html

Definition
Popular Terms
In a documentary credit transaction (such as a letter of credit) amount deposited by the borrower or debtor (such as the applicant for a letter of credit) with the lender or creditor (such as the letter of credit issuing bank).

Read more: http://www.businessdictionary.com/definition/cash-cover.html

A 'Purchaser' issues a 'letter of Credit', for goods to be purchased from abroad. The purchaser, either has not got an account with the particular Bank, which acts as an Agent for him/her. So, an amount in Cash, the equivalent of the amount of the 'Letter of Credit ' is deposited with that Bank...to cover the amount of the 'Letter of Credit'
It acts as a 'guaranteed letter of Credit', similar to an 'Irrevocable letter of Credit.

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Note added at 7 hrs (2018-11-10 21:58:59 GMT)
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DLA Piper Defining Trade Finance - Cash Cover
www.dlapipertradefinance.com/en/glossary/c/cash-cover.html

Cash Cover. An amount deposited by an Applicant with an Issuing Bank or by an account party with the bank issuing a Demand Guarantee in respect of the Contingent Liability of the Issuing Bank or the bank issuing the Demand Guarantee (as applicable) under the Letter of Credit or Demand Guarantee (as applicable).

transphy
Local time: 03:34
Native speaker of:

English,

Greek

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μετρητό κάλυμμα

English translation: cash coverage ratio

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