Glossary entry

Spanish term or phrase:

hacer frente a (pérdidas incurridas)

English translation:

to cover

Added to glossary by Elizabeth Medina
Jun 3, 2008 22:12
15 yrs ago
25 viewers *
Spanish term

hacer frente a (in this context)

Spanish to English Bus/Financial Finance (general)
Al 31 de diciembre de 2007 la Sociedad tiene constituidas ciertas provisiones para **hacer frente a** pérdidas incurridas por las sociedades del grupo una vez provisionada el 100% de la participación. Dichas provisiones se recogen en el epígrafre de Provisiones para riesgos y gastos, del balance de situación adjunto.
Change log

Jun 6, 2008 12:31: Elizabeth Medina Created KOG entry

Proposed translations

+2
17 mins
Selected

to cover

Another option.
Peer comment(s):

agree Henry Hinds
3 mins
Thanks Henry!
agree John Rynne
5 hrs
Thank you John :)
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4 KudoZ points awarded for this answer. Comment: "Thanks Elizabeth! Sounds just right. Thanks to everybody else too."
+4
4 mins

to deal with / to face

Reference:
Marina Orellana's dictionary

Hope this helps.

19 years of experience with Mexico City based international CPA firms
Peer comment(s):

agree Robert Feuerlein
1 min
Thank you, Robert. Saludos from Mexico City, Richard.
agree James Stevens-Arce : Other options might be "to take care of" or "to handle"
3 mins
Thank you, James. Saludos from Mexico City, Richard.
agree Lydia De Jorge
7 mins
Thank you, Lydia. Saludos from Mexico City, Richard.
agree Egmont
22 hrs
Gracias, AVRVM. Saludos desde México, D.F., Richard.
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6 mins

to deal with / to take care / to handle

En este caso, "hacer frente" se utiliza como sinónimo de "resolver la situación" o "resolver el problema" de las pérdidas.

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Note added at 7 mins (2008-06-03 22:19:52 GMT)
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"to take care" debería ser "to take care of"
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8 mins

paying/making up for

Especially due to provisions made
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1 hr

assume/take on board

Al 31 de diciembre de 2007 la Sociedad tiene constituidas ciertas provisiones para **hacer frente a** pérdidas incurridas por las sociedades del grupo una vez provisionada el 100% de la participación. Dichas provisiones se recogen en el epígrafre de Provisiones para riesgos y gastos, del balance de situación adjunto.

".... constituted reserves in order to be able to assume/in order to take on board the losses incurred ..."
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1 hr

offset

I would say

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Note added at 1 hr (2008-06-03 23:17:50 GMT)
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or: budget for

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Note added at 1 hr (2008-06-03 23:18:40 GMT)
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accommodate

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Note added at 1 hr (2008-06-03 23:20:33 GMT)
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I would put my pennies on "accommodate" ...

This replacement value functions similar to a loan loss reserve for firms with derivative payables, which at current levels could accommodate losses in line ...
https://www.theasianbanker.com/A556C5/Update.nsf/webTodayNew... - 30k - Cached - Similar pages

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Note added at 1 hr (2008-06-03 23:22:03 GMT)
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account to accommodate losses arising primarily from provisions for non-performing assets on. December 31, 2003. Disposal of non-performing loans, ...
www.boc.cn/cms/uploadFiles/F114_e.pdf - Similar pages

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Note added at 1 hr (2008-06-03 23:23:00 GMT)
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please forget "budget for"

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Note added at 4 hrs (2008-06-04 03:08:58 GMT)
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take acount of

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Note added at 4 hrs (2008-06-04 03:09:24 GMT)
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account
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6 hrs

to defray

The other best bet - since we're strictly talking money - would be offset, but I think that in this context handle or deal with are too general. Best of luck!
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