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  3. Finance (general)

jineteo

English translation: misappropriation

20:23 Feb 27, 2024
Spanish to English translations [PRO]
Bus/Financial - Finance (general) / informe financiero
Spanish term or phrase: jineteo
Omitir arqueos de las cajas regionales de la entidad sorpresivos, puede ocasionar jineteo y utilización no adecuada del efectivo.
Carmenza Angel
Canada
Local time: 13:03
English translation:misappropriation
Explanation:
According to my dictionary reference, this is a Mexican term. I feel the previous three answers are overtranslations, specific forms of misappropriation.

http://www.collinsdictionary.com/us/dictionary/spanish-engli...

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Note added at 9 hrs (2024-02-28 06:17:44 GMT)
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Or theft, or embezzlement.
Selected response from:

philgoddard
United States
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2misappropriation
philgoddard
3 +1kiting
Steven Huddleston
4cash skimming
Adrian MM.
2lapping
Ana Vozone


Discussion entries: 2





  

Answers


26 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
kiting


Explanation:
The fraudulent practice of delaying transactions to temporarily misuse the funds for purposes other than those for which the money was intended, usually for profit.


    https://www.myaccountingcourse.com/accounting-dictionary/kiting
Steven Huddleston
Mexico
Local time: 11:03
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in SpanishSpanish
PRO pts in category: 26
1 corroborated select project
in this pair and field What is ProZ.com Project History(SM)?
Notes to answerer
Asker: thank you so much Steven,


Peer comments on this answer (and responses from the answerer)
agree  patinba
14 mins
  -> Thank you, Patinba!
neutral  philgoddard: I don't see how you arrive at this, and you haven't given any Spanish references. Doesn't it mean either mismanagement or embezzlement?
34 mins
  -> No, because in both cases, the money is not returned, ergo, it is misappropriated. In kiting, the profits are embezzled, but the seed funds are returned.
neutral  AllegroTrans: I cannot see how we have sufficient context for you to arrive at this. We need more text from the Asker
1 hr
  -> Who is "we?" If you have questions for the asker, ask them. The context was enough for me. Your own limitations are your concern. 😁
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2 hrs   confidence: Answerer confidence 2/5Answerer confidence 2/5
lapping


Explanation:
What is lapping in banking?
A lapping scheme is a form of accounting fraud whereby stolen or misappropriated cash is obscured by an employee who altes the accounts receivable. A forensic accounting audit of cash receipts can be undertaken to reveal a lapping scheme, which may show increased age of accounts receivables.

A lapping scheme is a fraudulent accounting practice that hides stolen cash by overlapping successive receivables.”

https://www.google.com/search?q=lapping finance meaning&sca_...


    Reference: http://tureng.com/es/espanol-ingles/jineteo
Ana Vozone
Local time: 18:03
Specializes in field
Native speaker of: Native in PortuguesePortuguese
PRO pts in category: 113

Peer comments on this answer (and responses from the answerer)
neutral  AllegroTrans: I cannot see how we have sufficient context for you to arrive at this. We need more text from the Asker
40 mins
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4 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
jineteo del efectivo
cash skimming


Explanation:
Has a Cuban jinetero/a feel about it.

Kiting: I doubt there is ANY 'kiting' of checks / cheques involved and 'lapping' is reminiscent of the Barristers' forensic accounting course enigma of 'teeming and lading' but does not seem to fit this scenario:

'Teeming and lading is a bookkeeping fraud also known as short banking, delayed accounting, and *lapping*. It involves the *allocation of one customer's payment to another customer's account* to make the books balance, often to hide a shortfall or theft.'

Omitir arqueos de las cajas regionales puede ocasionar jineteo ... del efectivo// cash vs. credit card skimming: misappropriation before the assets are recorded in the books/records of an entity.

Example sentence(s):
  • A lapping scheme is a fraudulent practice that hides or obscures missing or stolen cash using the accounts receivable.
  • Cash skimming, or simply skimming, is the removal of cash before it is deposited and logged. Skimming is a difficult scheme to detect because the cash from sales or other receivables is stolen before its receipt is recorded in the financial system.

    Reference: http://foodmanpa.com/asset-misappropriation-investigating-pe...
    Reference: http://en.wikipedia.org/wiki/Teeming_and_lading
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 143
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9 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
misappropriation


Explanation:
According to my dictionary reference, this is a Mexican term. I feel the previous three answers are overtranslations, specific forms of misappropriation.

http://www.collinsdictionary.com/us/dictionary/spanish-engli...

--------------------------------------------------
Note added at 9 hrs (2024-02-28 06:17:44 GMT)
--------------------------------------------------

Or theft, or embezzlement.

philgoddard
United States
Specializes in field
Native speaker of: English
PRO pts in category: 376
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  neilmac
12 hrs
agree  Edward Tully
2 days 10 hrs
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