Glossary entry

Spanish term or phrase:

patricinio

English translation:

Rebate

Added to glossary by guillen
Oct 20, 2018 00:11
5 yrs ago
1 viewer *
Spanish term

patricinio

Spanish to English Bus/Financial Finance (general) credit unions - Puerto Rico
(credit union members will receive)..."dividendos en acciones y patrocinio (sujeto al resultado de las operaciones".

It sounds to me like the credit union members will receive dividends on their shares and a share in profits, but I'm not familiar with the use of "patrocinio" in that sense... Can anyone confirm? (The country is Puerto Rico). Any help will be appreciated.

Proposed translations

+3
6 hrs
Spanish term (edited): patrocinio
Selected

Rebate

As I see it, we are looking at a rebate paid out to (member) borrowers of the credit union:

¿Cuál es la diferencia entre dividendo y patrocinio?
La diferencia entre dividendo y patrocinio es que el
pago de dividendo se realiza a todas aquellas personas
que poseen acciones de la Cooperativa y el pago de
patrocinio es para todas aquellas personas que tienen
préstamos en la Cooperativa. O sea, que el pago de
dividendo está basado en el balance promedio de la
cuenta de acciones y el de patrocinio en los intereses
pagados por el socio a la Cooperativa (a través de sus
préstamos) en un periodo de un año. (enero a
diciembre).


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Note added at 6 hrs (2018-10-20 06:34:37 GMT)
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You may prefer to use refund

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Note added at 6 hrs (2018-10-20 06:54:04 GMT)
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You get money back on your interest paid if a loan interest rebate is applied
https://www.dungannoncu.com/content.asp?section=196&bgc=&sbg...
Peer comment(s):

agree philgoddard : Maybe "loan rebate" would be better.
13 mins
yes, agree. Edit: Loan interest rebate is prob. even better....
agree Charles Davis : "Loan interest rebate" is spot on: "Lough Credit Union: Annual Dividends & Loan Interest Rebates" http://loughcu.ie/2016/12/19/annual-dividends-loan-interest-...
1 hr
agree Luis M. Sosa
7 hrs
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4 KudoZ points awarded for this answer. Comment: "Thank you!"
40 mins

sponsored shares

by a share registry. They are identified by a Securities Reference Number (SRN) that typically starts with an “I” e.g. I00076272. Broker sponsored shares are issued to you via CHESS and sponsored by a stockbroker.11 oct. 2018

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Note added at 42 mins (2018-10-20 00:53:31 GMT)
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11 oct. 2018 - Issuer sponsored shares are issued directly from the company and are maintained by a share registry. They are identified by a Securities Reference Number (SRN) that typically starts with an “I” e.g. I00076272. Broker sponsored shares are issued to you via CHESS and sponsored by a stockbroker.
What is the difference between "Issuer sponsored" and "CHESS ...
www.sharegiftaustralia.org.au/FAQRetrieve.aspx?ID=52303
Traducir esta página
Issuer sponsored shares: Shares that are managed by the issuer of those shares via the issuer's Share Registry. Issuer sponsored shares can be traded through any broker, providing conditions set out by that broker are met. ... CHESS sponsored shares: Shares that are registered with a stock broker.
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