Glossary entry (derived from question below)
Spanish term or phrase:
periodo de carencia
English translation:
exclusion period
Added to glossary by
Parrot
Jul 17, 2002 10:09
21 yrs ago
12 viewers *
Spanish term
periodo de carencia
Spanish to English
Bus/Financial
MORTGAGE LOAN AGREEMENTS
In mortgage. This question actually comes from the French section as "période d'anticipation" and got the (translated) monolingual definition "period in which the repayment of the principal has not yet begun and only intercalating interests are paid". I fail to find the adequate English term.
Proposed translations
(English)
| 4 +2 | exclusion period |
Rowan Morrell
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| 5 +2 | grace period |
Сергей Лузан
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| 5 | An after the fact comment |
Paul Slocomb
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Proposed translations
+2
7 mins
Rowan Morrell
New Zealand
New Zealand
Native in English
New Zealand
Committed to the Customer
Native in: English (Variant: New Zealand) 
Works in: French to English, German to English, Spanish to English
Related KudoZ points
:
339
Selected
exclusion period
I actually got this for "carencia" from my Oxford Spanish Dictionary. Have a look at the site below, which mentions exclusion periods in your context. This might work for you.
4 KudoZ points awarded for this answer.
Comment: "thank you! This was already in our glossary but appeared in the context of insurance. Thanks for the confirmation."
+2
20 mins
Сергей Лузан
Russian Federation
Russian Federation
Russian Federation
Always welcome! :)
Native in: Russian 
Works in: German to Russian, English to Russian, Spanish to Russian, and 7 more.
Related KudoZ points
:
450
grace period
Established term. I hope that helps.
Good luck, Cecilia Avanceña!
Re.: Russian-English Foreign Trade and Foreign Economic Dictionary, 1991, ISBN 5-200-01097-7 + my own experience (PhD in Econ)
Further references will follow below.
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Note added at 2002-07-17 10:31:19 (GMT)
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\"period of grace\" as well
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Note added at 2002-07-17 10:43:05 (GMT)
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I have a literal translation of \"(periodo de) carencia\" in Collins Spanish Dictionary, ISBN 0-00-470-295-6 from Spanish as \"period free of interest payments and debt repayments\", but it\'s not so frequiently used, I\'m afraid. Possible for contracts and agreements anyway.
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Note added at 2002-07-17 10:53:44 (GMT)
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There might be \"exemption (relief) from payments for some period of time\", but it usually relates to duties.
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Note added at 2002-07-17 10:56:17 (GMT)
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\"release from an obligation to pay-back/ payback obligation\" is even less used, but possible though.
Good luck, Cecilia Avanceña!
Re.: Russian-English Foreign Trade and Foreign Economic Dictionary, 1991, ISBN 5-200-01097-7 + my own experience (PhD in Econ)
Further references will follow below.
--------------------------------------------------
Note added at 2002-07-17 10:31:19 (GMT)
--------------------------------------------------
\"period of grace\" as well
--------------------------------------------------
Note added at 2002-07-17 10:43:05 (GMT)
--------------------------------------------------
I have a literal translation of \"(periodo de) carencia\" in Collins Spanish Dictionary, ISBN 0-00-470-295-6 from Spanish as \"period free of interest payments and debt repayments\", but it\'s not so frequiently used, I\'m afraid. Possible for contracts and agreements anyway.
--------------------------------------------------
Note added at 2002-07-17 10:53:44 (GMT)
--------------------------------------------------
There might be \"exemption (relief) from payments for some period of time\", but it usually relates to duties.
--------------------------------------------------
Note added at 2002-07-17 10:56:17 (GMT)
--------------------------------------------------
\"release from an obligation to pay-back/ payback obligation\" is even less used, but possible though.
Peer comment(s):
| agree |
Alfonso Campos Folgado
18 mins
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Gracias por su amabilidad.
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| disagree |
R.J.Chadwick (X)
: Sorry to have to disagree with you -- I feel this is too general in the context of mortgages especially if the meaning is as the asker has specified -- in that case "exclusion period" would be correct.
32 mins
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I´d rather prefer "exemption" or even "relief". "Exclusion" version was already given above, so I could not repeat it. I´ve strong doubts about "exclusion period" anyway in this particular context.
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| agree |
Nikki Graham
: I agree with grace period
46 mins
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Gracias por su amabilidad. Thanx for your kindness.
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| agree |
Lesley Clarke
1436 days
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Gracias por su amabilidad, Lesley. Thanx for your kindness as well. You've seen Paul's comment, haven't you?
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4 hrs
An after the fact comment
The chosen answer, "exclusion period", is just plain wrong in this context. "Grace period" is correct.
The web site cited in the chosen answer discusses mortgage insurance. The "exclusion period" is the initial term after contracting the insurance before it becomes effective. That isn't what's involved in this case at all.
It's true that "grace period" may describe a number of situations in addition to the one under consideration. E.g. if a mortgage payment is due on the 10th of the month, one may be given, for example, a 10 calendar day grace period. If so, the mortgagee is not in default if he/she pays by the 20th.
In this case, there's a grace period regarding payment of principal. For a specified period at the beginning of the mortgage term, the mortgagee is not in default if he/she pays interest only.
The web site cited in the chosen answer discusses mortgage insurance. The "exclusion period" is the initial term after contracting the insurance before it becomes effective. That isn't what's involved in this case at all.
It's true that "grace period" may describe a number of situations in addition to the one under consideration. E.g. if a mortgage payment is due on the 10th of the month, one may be given, for example, a 10 calendar day grace period. If so, the mortgagee is not in default if he/she pays by the 20th.
In this case, there's a grace period regarding payment of principal. For a specified period at the beginning of the mortgage term, the mortgagee is not in default if he/she pays interest only.
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