Glossary entry (derived from question below)
Portuguese term or phrase:
ind. c/m sdo
English translation:
indexing or monetary restatement of the balance (Ind m/r blc)
Added to glossary by
Jerome Ellis
Oct 5, 2017 12:18
6 yrs ago
Portuguese term
United States
PT>EN Financial and Marketing Translator
Native in: English (Variant: US)
Works in: Portuguese to English
ind. c/m sdo
Portuguese to English
Bus/Financial
Finance (general)
Mortgage Statement
Hi all,
On a mortgage statement I see this phrase appear, followed by a value of 0.00. What does it stand for?
Thanks!
On a mortgage statement I see this phrase appear, followed by a value of 0.00. What does it stand for?
Thanks!
Proposed translations
(English)
| 3 +1 | indexing or monetary restatement of the balance (Ind m/r blc) |
Mario Freitas
|
| 3 | indexation of the balance |
Oliver Simões
|
Proposed translations
+1
2 hrs
Mario Freitas
Brazil
Brazil
Native in Portuguese
&
English
Specializes in field
Brazil
32 years engineering/law/contracts
Native in: English (Variant: US) 
, Portuguese (Variant: Brazilian) 
Works in: English to Portuguese, Portuguese to English
Related KudoZ points
:
359
Selected
indexing or monetary restatement of the balance (Ind m/r blc)
Ind. c/m sdo = Indexação ou correção monetária do saldo.
Peer comment(s):
| agree |
Gilmar Fernandes
: Great mystery solver, Sherlock :) On another note, I think our job as translators is to translate the source terms whether they are correct or not (in terms of their financial accuracy in this case).
1 day 0 min
|
|
I totally agree, Gilmar. I only leave terms in the source language when there's absolutely no way out. Obrigado!
|
4 KudoZ points awarded for this answer.
Comment: "Thank you all!"
14 hrs
Oliver Simões
United States
United States
Native in Portuguese
Works in field
United States
BA in Transl., MA in ESL, 15 yrs of exp.
Native in: Portuguese
Works in: English to Portuguese, Portuguese to English, Spanish to Portuguese, and 2 more.
Related KudoZ points
:
62
indexation of the balance
"The most egregious mark of inflation is Correção Monetária (CM), the indexation system introduced in the mid 70s. Now most professionals appropriately translate that as indexation. However, you will also find the terms monetary correction or monetary restatement, which are improper because their meaning is difficult to pinpoint, as well as price level accounting, which is a misnomer because official CM indices seldom reflected anything like a price index." - Danilo Nogueira
Use of "indexation" in context:
"From 5 April 1988 to 5 April 1997, SERPS provided indexation of the balance above 3 per cent, where the RPI rose above this level." - UK Parliament Publications
Use of "indexation" in context:
"From 5 April 1988 to 5 April 1997, SERPS provided indexation of the balance above 3 per cent, where the RPI rose above this level." - UK Parliament Publications
Reference:
http://translationjournal.net/journal/02money.htm
https://publications.parliament.uk/pa/cm199798/cmhansrd/vo980728/text/80728w23.htm
Discussion
Indexation is a completely different operation, as it requires an offical Index. For example, savings accounts have interests and CM added to them, i.e., they are restated per the inflation. Tax debts are restated according to the SELIC rate, that is, there is an Index specifically for that purpose; it's an example of indexation, not Correção Monetária. There is no official index called CM.