Glossary entry

Italian term or phrase:

cessioni del quinto

English translation:

Salary-backed loans

Added to glossary by EirTranslations
Apr 3, 2012 21:13
12 yrs ago
3 viewers *
Italian term

cessioni del quinto

Italian to English Other Finance (general)
Appears in bank statements as below (part of the financial statements) thanks

Carte di credito, prestiti personali e cessioni del quinto
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xx-
5.
Leasing finanziario
Proposed translations (English)
4 +4 Salary-backed loans

Proposed translations

+4
3 mins
Selected

Salary-backed loans

Already various kudoz on this, they are loans for which repayments are taken directly out of the paycheque

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Note added at 4 mins (2012-04-03 21:17:47 GMT)
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or pension

http://it.wikipedia.org/wiki/Cessione_del_quinto_dello_stipe...
Peer comment(s):

agree Judith McLean
4 mins
agree James (Jim) Davis : That's right the repayments must not exceed one fifth of the pay packet.
10 mins
agree Dr Lofthouse
1 hr
agree Peter Cox
7 hrs
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4 KudoZ points awarded for this answer. Comment: "thx"

Reference comments

6 mins
Reference:

cessioni del quinto

it.wikipedia.org/.../Cessione_del_quinto_dello_st...Im Cache - Ähnliche La Cessione del Quinto dello Stipendio è una particolare tipologia di prestito personale da estinguersi con cessione di quote dello stipendio o salario fino al
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