Glossary entry (derived from question below)
English term or phrase:
event of default
Arabic translation:
حالة عدم الوفاء بالالتزامات/حالة التخلف عن السداد/ حالة الإخلال بالعقد
Added to glossary by
aya omar
Dec 26, 2023 13:43
5 mos ago
17 viewers *
English term
event of default
English to Arabic
Bus/Financial
Finance (general)
The valuations performed for end of lease cannot be performed properly without a review of the lease document.
The point is that leasing is a contracting endeavor and the specific terms and definitions are quite specific.
If any of the conditions set forth in the agreement are not complied with or adhered to, there is an event of default occurring.
This then creates a whole new set of problems and possible valuation issues.
An example could be the terms of the lease may allow one to assume average condition but if there is a default the value may need to show damage or value before and after or some other requests.
Assumptions on a purchase option may go away and realism may take its’ place.
Highly recommend to have a copy of the Master Lease as an appendix as part of the report not only as a reference to the scope of work but in reference to what all was considered in determining the value of the asset.
The point is that leasing is a contracting endeavor and the specific terms and definitions are quite specific.
If any of the conditions set forth in the agreement are not complied with or adhered to, there is an event of default occurring.
This then creates a whole new set of problems and possible valuation issues.
An example could be the terms of the lease may allow one to assume average condition but if there is a default the value may need to show damage or value before and after or some other requests.
Assumptions on a purchase option may go away and realism may take its’ place.
Highly recommend to have a copy of the Master Lease as an appendix as part of the report not only as a reference to the scope of work but in reference to what all was considered in determining the value of the asset.
Proposed translations
(Arabic)
4 +1 | حالة عدم الوفاء بالالتزامات/حالة التخلف عن السداد/ حالة الإخلال بالعقد | Motaz Fahmy |
4 | حالة تقصير | Islam Sakr |
Proposed translations
+1
5 mins
Selected
حالة عدم الوفاء بالالتزامات/حالة التخلف عن السداد/ حالة الإخلال بالعقد
حالة عدم الوفاء بالالتزامات/حالة التخلف عن السداد/ حالة الإخلال بالعقد
4 KudoZ points awarded for this answer.
4 mins
حالة تقصير
.
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