Glossary entry (derived from question below)
French term or phrase:
avance en compte courant
English translation:
cash deposit made in the form of a current account
Added to glossary by
Marc Glinert
Aug 31, 2006 14:25
17 yrs ago
26 viewers *
French term
United Kingdom
More than 10 years' experience
Native in: English 
Works in: German to English, French to English, Polish to English
avance en compte courant
French to English
Bus/Financial
Business/Commerce (general)
In an agreement:
"La societe YY consent a la societe XX qui accepte une avance en compte courant du montant ci-dessus fixé.
La presente avance est regie par les articles 1905 a 1914 du Code Civil.
Cette avance en compte courant est destiner a financer le developpement des activites de la societe XX."
I know there is already an entry in PROZ that translates this as "advance in current account", but that is not very convincing.
My proposal is "current account overdraft facility"
"La societe YY consent a la societe XX qui accepte une avance en compte courant du montant ci-dessus fixé.
La presente avance est regie par les articles 1905 a 1914 du Code Civil.
Cette avance en compte courant est destiner a financer le developpement des activites de la societe XX."
I know there is already an entry in PROZ that translates this as "advance in current account", but that is not very convincing.
My proposal is "current account overdraft facility"
Proposed translations
+1
18 mins
Marc Glinert
Native in English
Specializes in field
20 years in financial services
Native in: English 
Works in: English to French, French to English
Related KudoZ points
:
43
Selected
current account credit
Hi, Lizza.
Overdraft facility is fine provided that the company granting it - YY, in your case, is a bank. If not, it sounds a bit odd.
Thus I would go with the above, or some variant of it such as:
credit facility on the current account up to the agreed sum.
--------------------------------------------------
Note added at 17 hrs (2006-09-01 08:01:25 GMT)
--------------------------------------------------
The additional info from lizza and suggestion from Wendy have prompted something of a rethink on my part.
I wonder if we should not go with : “advance payment made in the form of a current account” or “cash deposit made in the form of a current account”
It was the “en” that I had somewhat misinterpreted.
Overdraft facility is fine provided that the company granting it - YY, in your case, is a bank. If not, it sounds a bit odd.
Thus I would go with the above, or some variant of it such as:
credit facility on the current account up to the agreed sum.
--------------------------------------------------
Note added at 17 hrs (2006-09-01 08:01:25 GMT)
--------------------------------------------------
The additional info from lizza and suggestion from Wendy have prompted something of a rethink on my part.
I wonder if we should not go with : “advance payment made in the form of a current account” or “cash deposit made in the form of a current account”
It was the “en” that I had somewhat misinterpreted.
3 KudoZ points awarded for this answer.
Comment: "I think this sort of covers it"
+3
35 mins
Wendy Cummings
United Kingdom
United Kingdom
Native in English
United Kingdom
The highest professional standards
Native in: English
Works in: Spanish to English, French to English
advance payment made into the current account
As i read it, I would go with the other Proz entry, but expand it slightly.
Company YY grants to Company XX, who accepts, an advance payment into their current account of the amount established above.
This money will then be used to finance the various activities of company XX.
Hope that helps.
Company YY grants to Company XX, who accepts, an advance payment into their current account of the amount established above.
This money will then be used to finance the various activities of company XX.
Hope that helps.
Peer comment(s):
| agree |
Natasha Dupuy
: This is how it has been explained to me in the past since my agency sometimes requests this from my clients
18 mins
|
|
thanks Natasha
|
|
| agree |
Marc Glinert
: Hi Wendy. I must say I am starting to veer towards your position on this one, but with quite a notable difference. Kindly see below.
16 hrs
|
|
Thanks Mark. Yes, given Lizza's further information re: "sera titulaire de" you may have a point. However there is still the phrase of "du montant ci-dessus fixe" - could a current account have a fixed value to it? Unless the account came with credit.
|
|
| agree |
MatthewLaSon
: I am pretty sure taht compte courant = checking account (US English) . Also, avance = advance (money given in advance). I do agree with the bulk of what you are saying.
1 day 3 hrs
|
43 mins
Marian Greenfield
Native in English
Specializes in field
Over 30 years in financial translation
Native in: English
Works in: Spanish to English, Portuguese to English, English
Related KudoZ points
:
57
current account advance; overdraft financing
adelanto en cuenta corriente - Current Account Overdraft (Spanish ...Current account advance is the American substitute for the European method of financing by overdraft. Current account advances are extensions of credit in ...
www.proz.com/kudoz/402095 - 33k - Cached - Similar pages
Banca del GottardoCurrent account (advance by overdraft) It can be used in various ways with an interest rate and which is only applied to the amounts effectively utilised. ...
www.gottardo.com/PUBLIC/publisher/main/en/coba/corp_financi... - 24k - Cached - Similar pages
ABA - Annual Report 2004If we compare the rates in force at the end of 2004 to those in force a year earlier, it can be observed that current account advance payments show the most ...
www.aba-argentina.com/mem2004/english/cap2_4.htm - 74k - Cached - Similar pages
BARRY RG CORP /OH/ - RGBC Quarterly Report (10-Q) EXHIBIT 10.2Mr. Thierry Civetta, in his capacity of legal representative of RG Barry France, agrees to grant Escapade SA a current account advance under the terms and ...
sec.edgar-online.com/1999/11/16/08/0000950152-99-009187/Section18.asp - 24k - Cached - Similar pages
SEC Info - Barry RG Corp/OH - 10-Q - For 10/2/99 - EX-10.2www.secinfo.com/dsVS7.68Vc.b.htm - Similar pages
Ziraat Bank International AGCurrent account advance; Short term prefinancing or interim financing. Provision of guarantees to provide cover for advance payment, performance or warranty ...
www.ziraatbank.de/front_content.php?changelang=5&lang=5&bez... - 25k - Cached - Similar pages
www.proz.com/kudoz/402095 - 33k - Cached - Similar pages
Banca del GottardoCurrent account (advance by overdraft) It can be used in various ways with an interest rate and which is only applied to the amounts effectively utilised. ...
www.gottardo.com/PUBLIC/publisher/main/en/coba/corp_financi... - 24k - Cached - Similar pages
ABA - Annual Report 2004If we compare the rates in force at the end of 2004 to those in force a year earlier, it can be observed that current account advance payments show the most ...
www.aba-argentina.com/mem2004/english/cap2_4.htm - 74k - Cached - Similar pages
BARRY RG CORP /OH/ - RGBC Quarterly Report (10-Q) EXHIBIT 10.2Mr. Thierry Civetta, in his capacity of legal representative of RG Barry France, agrees to grant Escapade SA a current account advance under the terms and ...
sec.edgar-online.com/1999/11/16/08/0000950152-99-009187/Section18.asp - 24k - Cached - Similar pages
SEC Info - Barry RG Corp/OH - 10-Q - For 10/2/99 - EX-10.2www.secinfo.com/dsVS7.68Vc.b.htm - Similar pages
Ziraat Bank International AGCurrent account advance; Short term prefinancing or interim financing. Provision of guarantees to provide cover for advance payment, performance or warranty ...
www.ziraatbank.de/front_content.php?changelang=5&lang=5&bez... - 25k - Cached - Similar pages
Peer comment(s):
| neutral |
Marc Glinert
: Marian - lizza has already told us we are not talking about a bank. Therefore your references are inapplicable.
16 hrs
|
15 hrs
who accepts to receive an advance in its checking account
Hello,
avance = advance (money supplied beforehand in expectation that the money will be repayed in full )
compte courant (bancaire) = checking account ("courant" doesn't need to be translated in English)
I hope this helps.
--------------------------------------------------
Note added at 4 days (2006-09-04 23:03:04 GMT) Post-grading
--------------------------------------------------
My translation of "compte courant" as "checking account" is intended for an American audience.
avance = advance (money supplied beforehand in expectation that the money will be repayed in full )
compte courant (bancaire) = checking account ("courant" doesn't need to be translated in English)
I hope this helps.
--------------------------------------------------
Note added at 4 days (2006-09-04 23:03:04 GMT) Post-grading
--------------------------------------------------
My translation of "compte courant" as "checking account" is intended for an American audience.
Peer comment(s):
| neutral |
Colin Smith
: you should be aware that 'checking account' is used in the US only. Elsewhere in the world it is 'current account'
3 days 5 hrs
|
|
Thank you, Colin. However, my translation was intended for an American audience. I should have clarified that in my answer.
|
Discussion
"L’avance en compte courant est une ligne de crédit permanente liée à votre compte courant. Elle vous apporte le coup de pouce financier, d’un montant limité, dont vous avez besoin temporairement [...] Vous faites appel à cette ligne de crédit lorsqu’une dépense exceptionnelle survient dans votre budget mensuel. "
https://www.bil.com/fr/particuliers/loisirs/autres-financer/...
This seems to imply it is not as permanent as an overdraft facility, rather a temporary credit facility for a one-off need. I would therefore propose as the translation current account credit facility
"La societe YY sera titulaire dans les comptes de la societe XX d'un compte courant de 1.500.000 euros.
Cette somme sera versee a la societe XX aux dates suivantes:"