Nov 9, 2004 13:05
19 yrs ago
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English term

15% p.a. payable annually in arrrears

Homework / test English to Romanian Bus/Financial Finance (general)
In october 2003, the Romanian Government issued an Emergency Ordinance no 118, that provided the framework and parameters for issuance of a convertible loan note against the historic state budget liabilities comprising a principal amount and late payment penalties. The instrument is convertible into equity at due date at issuer’s choice, has 7 years maturity, interest rate is EURIBOR at 12 months plus 15% p.a. payable annually in arrrears and is unsecured.

Proposed translations

+3
3 mins
Selected

15% pe an platibil retroactiv in fiecare an

adica 15% pe an, care se vor plati retroactiv in transe anuale
Peer comment(s):

agree Asaphina
16 mins
agree Oana Dorobantu : platibil anual retroactiv
31 mins
agree Cristina Moldovan do Amaral
3 hrs
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4 KudoZ points awarded for this answer.
9 mins

15% pe an platibil la scadenta

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15 hrs

(dobinda) de 15% anual, platibila peste scadenta

arrears (e rirz)
n.pl.
1 unpaid and overdue debts
2 any obligation not met on time; unfinished business, work, etc.
in arrears (or arrear) behind in paying a debt, doing one's work, etc.

Etymology
[ME arrers < arrere, backward < OFr ariere < VL aretro < L ad, to + retro, behind]

(C)1995 Zane Publishing, Inc. (C)1994, 1991, 1988 Simon & Schuster, Inc.
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