Glossary entry (derived from question below)
Spanish term or phrase:
reserva precautoria
English translation:
precautionary reserve
Added to glossary by
MargaBBB
Jul 3, 2006 10:04
17 yrs ago
4 viewers *
Spanish term
reserva precautoria
Spanish to English
Law/Patents
Insurance
construction damage claim
Reserva: La reserva precautoria recomendada ha sido calculada de manera muy preliminar, y que representaría en su caso el costo de reparación de ambos tramos - is this interim reserve?
Proposed translations
(English)
5 +1 | precautionary reserve | Maria Luisa Duarte |
Proposed translations
+1
25 mins
Selected
precautionary reserve
When countries' access to capital markets is diminished because their governments and private sectors appear to be at high risk of defaulting and when it is costly either to raise taxes or to cut government spending, countries will find it desirable to hold large precautionary reserve balances.
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