depósito por disposición

English translation: deposit from drawdown

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:depósito por disposición
English translation:deposit from drawdown
Entered by: Ryan Kelly

18:28 Apr 22, 2020
Spanish to English translations [PRO]
Bus/Financial - Finance (general) / Banking fees
Spanish term or phrase: depósito por disposición
OK, so this is on a glossary list of terms and their abbreviations at the end of a Mexican bank statement. "Depósito" is a separate term which would simply be "Deposit," so would this be "cash deposit?"

I am a bit unsure of the difference between "retiro" and "disposición" since they seem to be used interchangeably as "withdrawal."

Thanks!
Ryan Kelly
United States
Local time: 13:36
deposit from drawdown
Explanation:
"Disposición" is, as you say, often a withdrawal, but that clearly wouldn't make sense here, so I'm thinking it may relate to another, slightly different meaning, namely "drawdown."

In Mexico I've often come across the term "disposición" with regard to loan facilities, to refer to each "drawdown" of the funds by the borrower, which are then deposited into the borrower's bank account. So my best guess is that it means a deposit made as a result of a funds drawn down from a loan.

"Para ello, en este estudio se ha clasificado al crédito empresarial en dos categorías: crédito revolvente y crédito no revolvente o simple. El primero se refiere a líneas de crédito en las cuales un acreditado puede volver a disponer de esos recursos una vez que haya pagado parcial o totalmente el monto de la línea pactada. En el segundo tipo de crédito, las disposiciones están establecidas previamente, y pueden ser de una sola o varias disposiciones durante un periodo de tiempo, según lo estipule el contrato."
https://www.gob.mx/cms/uploads/attachment/file/71398/20_2012...

"In finance, the drawdown is a concept related to loan facilities that allow the borrower to obtain funds from a credit line during the loan period.

A drawdown refers to each of the amounts the borrower accesses from the loan facility."


https://www.kantox.com/en/glossary/drawdown/
Selected response from:

Robert Carter
Mexico
Local time: 11:36
Grading comment
Thanks!
4 KudoZ points were awarded for this answer



Summary of answers provided
4deposit requirement
Francois Boye
4deposit disposition
Alison Trujillo
2 +1deposit from drawdown
Robert Carter


Discussion entries: 1





  

Answers


8 hrs   confidence: Answerer confidence 2/5Answerer confidence 2/5 peer agreement (net): +1
deposit from drawdown


Explanation:
"Disposición" is, as you say, often a withdrawal, but that clearly wouldn't make sense here, so I'm thinking it may relate to another, slightly different meaning, namely "drawdown."

In Mexico I've often come across the term "disposición" with regard to loan facilities, to refer to each "drawdown" of the funds by the borrower, which are then deposited into the borrower's bank account. So my best guess is that it means a deposit made as a result of a funds drawn down from a loan.

"Para ello, en este estudio se ha clasificado al crédito empresarial en dos categorías: crédito revolvente y crédito no revolvente o simple. El primero se refiere a líneas de crédito en las cuales un acreditado puede volver a disponer de esos recursos una vez que haya pagado parcial o totalmente el monto de la línea pactada. En el segundo tipo de crédito, las disposiciones están establecidas previamente, y pueden ser de una sola o varias disposiciones durante un periodo de tiempo, según lo estipule el contrato."
https://www.gob.mx/cms/uploads/attachment/file/71398/20_2012...

"In finance, the drawdown is a concept related to loan facilities that allow the borrower to obtain funds from a credit line during the loan period.

A drawdown refers to each of the amounts the borrower accesses from the loan facility."


https://www.kantox.com/en/glossary/drawdown/

Robert Carter
Mexico
Local time: 11:36
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 288
Grading comment
Thanks!

Peer comments on this answer (and responses from the answerer)
agree  Luis M. Sosa: Makes perfect sense to me. I have seen and happened to use the term in excactly the same context.
1 day 12 hrs
  -> Thanks, Luis, good to get your specialist insight here.
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8 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
deposit requirement


Explanation:
The text says literally deposit because of regulation/order

Francois Boye
United States
Local time: 13:36
Specializes in field
Native speaker of: Native in FrenchFrench
PRO pts in category: 335
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22 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
deposit disposition


Explanation:
-LAW: the action of distributing or transferring property or money to someone, in particular by bequest.


-https://www.biggerpockets.com/blog/disposition-of-deposit: "The Disposition of Deposit form is a one-page document that spells out in detail what happens to the vacating tenant’s security deposit, including an assessment of charges being held against their deposit. Preparing the Disposition of Deposit is one of the final tasks a landlord must do for their former tenant after they have vacated."

Example sentence(s):
  • He filled out the security deposit disposition form for his landlord upon vacating his apartment.

    https://www.biggerpockets.com/blog/disposition-of-deposit
    https://www.thslawfirm.com/wp-content/uploads/2015/12/SecurityDepositDispositionForm.pdf
Alison Trujillo
United States
Local time: 10:36
Native speaker of: Native in EnglishEnglish
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