Glossary entry

Serbian term or phrase:

otkup (deviza sa računa)

English translation:

buy and exchange foreign currencies from client\'s foreign currency account(s)

Added to glossary by Bogdan Petrovic
Aug 24, 2022 06:08
1 yr ago
13 viewers *
Serbian term

otkup (deviza sa računa)

Serbian to English Bus/Financial Finance (general) revolving loan
Klijent takođe ovlašćuje Banku da, u slučaju da nema sredstava na dinarskim računima, Banka može da izvrši otkup i konverziju odgovarajućeg deviznog iznosa sa deviznih računa Klijenta kod Banke po kupovnom kursu Banke na dan otkupa i da istog dana prenese sredstva na Klijentov tekući račun radi naplate dospelih potraživanja iz ovog Ugovora.

Proposed translations

21 hrs
Serbian term (edited): izvršiti otkup deviza sa računa
Selected

buy and exchange foreign currencies from client's foreign currency account(s)

[Banka može] da izvrši otkup i konverziju odgovarajućeg deviznog iznosa sa deviznih računa Klijenta kod Banke po kupovnom kursu Banke na dan otkupa
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[... is authorised to/can] buy and exchange the appropriate amount of foreign currencies from Client's foreign currency account(s) with the Bank at the Bank's "buy" rate applicable on the day ...

There is no need to make any assumptions about where that foreign currency came from.
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4 KudoZ points awarded for this answer. Comment: "Hvala!"
-1
3 hrs

currency buyback

The bank shall buy back and convert (perform currency conversion of) the corresponding amount in foreign currency from the client's foreign accounts ... at the buying exchange rate applicable on the day of buyback ...

https://www.eurochange.co.uk/travel-money/sell-travel-money
Peer comment(s):

disagree Daryo : "buyback" implies that that foreign currency was previously sold to this client by exactly that same bank - unnecessary assumption.
17 hrs
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