Glossary entry

Spanish term or phrase:

M.V.

English translation:

payable monthly in arrears

Added to glossary by Julie Thompson
Jul 20, 2021 11:47
2 yrs ago
28 viewers *
Spanish term

M.V.

Spanish to English Other Finance (general) Colombian credit card statement
Good morning!

This acronym is included in the TASA DE INTERÉS VIGENTE table on the statement. It is one of the two column headings, the other being E.A.

M.V. E.A.

Compra un mes 0.0%. 0.0%
Compra 2-36 meses 0.0.%. 0.0%
Impuestos
Avances
Mora

I'm sure that it's something very easy, but I'm not sure about the answer. It's not "annual percentage rate"; it's not "trailing interest"...Any words about the best banking glossary to use?
As always, a thousand thanks!
Proposed translations (English)
4 +1 payable monthly in arrears

Proposed translations

+1
39 mins
Selected

payable monthly in arrears

M.V. = mes vencido (under the heading Tipos de Tasas)
https://www.bancopichincha.com.co/documents/158147/262453/Ta...

Understanding Arrears

Arrears, or arrearage in certain cases, can be used to describe payments in many different parts of the legal and financial industries, including the banking and credit industries, and the investment world. The term can have many different applications depending on the industry and context in which it is used.
https://www.investopedia.com/terms/a/arrears.asp

Peer comment(s):

agree philgoddard : I think 'at month end' might be better.
24 mins
Thanks! (Good suggestion!)
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "I think that I incorporated both Ms. Zavala's and Mr. Goddard's comments into my translation. Thanks to both of you!"
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