Glossary entry

Russian term or phrase:

с условием о возврате

English translation:

with repayment conditions

Added to glossary by Translmania
Feb 1, 2023 18:14
1 yr ago
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Russian term

с условием о возврате

Russian to English Law/Patents Law: Contract(s) Договор
договор беспроцентного займа с условием о возврате

interest-free loan agreement with a repayment condition?

Discussion

danya Feb 2, 2023:
это странное название займ по определению возвратный: 1. По договору займа одна сторона (займодавец) передает или обязуется передать в собственность другой стороне (заемщику) деньги, вещи, определенные родовыми признаками, или ценные бумаги, а заемщик обязуется возвратить займодавцу такую же сумму денег (сумму займа) или равное количество полученных им вещей того же рода и качества либо таких же ценных бумаг.
Denis Fesik Feb 1, 2023:
Just in case I found one example of such a condition: that the loan be repaid early and in full when so requested. If the borrower fails to do so, no interest will be charged but there will be other consequences. A contract under Russian law doesn't need to have any consideration, e. g. there are contracts of gift where one of the parties doesn't get anything

Proposed translations

+3
57 mins
Selected

with repayment conditions

I'd put it in plural for the English. I think this means that the loan is interest-free, provided it is repaid within the terms of the agreement, which might typically be three months. Some companies, such as Klarna, offer loans like this, and charge a lot of interest if the repayment conditions are not met.
Peer comment(s):

agree Dmitry Goykhman
11 mins
neutral Denis Fesik : A loan contact always has repayment conditions; I suggest this loan is always interest-free but has a specific condition which, if violated, will entitle the lender to claim damages (maybe punitive damages)
32 mins
agree Aleksei Timashkov
1 hr
agree Sofia Gutkin
1 day 4 hrs
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4 KudoZ points awarded for this answer. Comment: "Thank you."
3 hrs

demand note/call loan//loan on demand

Например, с учредителем логично заключить договор с условием о возврате по требованию (но не ранее, например, определенного срока) или с большим сроком возврата, беспроцентный, целевой. Конечно, условия варьируются по обстоятельствам и должны позволять защитить сторонам свои интересы, если споры все-таки возникнут. Но самый подходящий для таких ситуаций инструмент — именно договор займа.
https://pravoved.ru/question/1400353/
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What is a loan on demand?
A demand note is a loan with no fixed term or repayment schedule. It can be recalled upon the lender's request, assuming the notice required by the provisions of the loan are met. Given its relative informality, a demand loan (or note) is most common among family, friends, and close business associates.
https://www.investopedia.com/terms/d/demandnote.asp#:~:text=...
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What Is a Call Loan?
A call loan is a loan that the lender can demand to be repaid at any time. A call loan is similar to a callable bond. However, while a callable bond is callable by the borrower, a callable loan is callable by the lender.

A call loan is designed to reduce the financial risk of the lender. The lender may choose to recall a loan to mitigate the risk that the borrower will not be able to satisfy its debt in the future. This may be evident by declining credit, declining collateral value, or unfavorable macroeconomic conditions.

https://www.investopedia.com/terms/c/callloan.asp
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