08:10 Jul 20, 2018 |
French to English translations [PRO] Bus/Financial - Finance (general) | |||||||
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| Selected response from: B D Finch France Local time: 15:35 | ||||||
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Summary of answers provided | ||||
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3 | undertaking not to hold funds |
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3 -1 | undertaking/commitment of non-fund holding |
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Summary of reference entries provided | |||
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It has to do with the carte professionelle (agent immobilier) |
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OBLIGATION LÉGALE D'AFFICHAGE |
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Discussion entries: 2 | |
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undertaking not to hold funds Explanation: www.lpalaw.com/newsletters-lpa/08/index_eng.html As the licence holders were only transferring funds held on behalf of others, escrow accounts are now irrelevant to those who undertake not to hold funds. https://www.federalreserve.gov/SECRS/2007/December/.../OP...... Dec 4, 2007 - bank has no protection from state law liability if it decides not to hold funds. Bank of America would expect to hold all garnished funds until the ... -------------------------------------------------- Note added at 6 hrs (2018-07-20 14:17:29 GMT) -------------------------------------------------- I agree with philgoddard's comment above that "it seems a funny thing for a bank to say." |
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undertaking/commitment of non-fund holding Explanation: That is to say ; the promise (agreement) of non-possession of funds (other resources). -------------------------------------------------- Note added at 7 heures (2018-07-20 15:41:38 GMT) -------------------------------------------------- It could also be a "covenant" (formal agreement). Bank covenant compliance, for example. |
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7 hrs peer agreement (net): +2 |
Reference: It has to do with the carte professionelle (agent immobilier) Reference information: Some banks seem to have a carte professionelle, e.g. https://www.neuflizeobc.fr/fr/images/Brochures/Rapport_RSE_2... Generally, holders of a carte professionelle have to take out a financial guarantee with an insurer or a bank. However, they do not need that if they give an undertaking not to hold client money and state "non-détention de fonds" and "absence de garantie" on their business correspondence. https://www.guichet-entreprises.fr/fr/fiches-activites/batim... |
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