Glossary entry

English term or phrase:

payment holiday

Arabic translation:

تأجيل السداد

Added to glossary by Rasha Mohamed
Nov 8, 2022 06:55
1 yr ago
18 viewers *
English term

payment holiday

English to Arabic Other Law (general)
Murabaha – ......... fixed the total profit under Murabaha concept hence irrespective of deferral or payment holiday – the total profit agreed with the customer will not change.

Proposed translations

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8 mins
Selected

تأجيل السداد

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Note added at 10 mins (2022-11-08 07:05:43 GMT)
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A payment holiday is an agreement between a lender and the borrower that allows the latter to defer a due payment until a later date. They have always been a feature of certain loans and mortgages, but they became more widely used as a result of the pandemic.
https://gocardless.com/guides/posts/what-is-a-payment-holida...




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Note added at 11 mins (2022-11-08 07:06:51 GMT)
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https://www.proz.com/kudoz/english-to-arabic/economics/34396...
Peer comment(s):

agree Islam Sakr
2 hrs
طاب يومك
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4 KudoZ points awarded for this answer.
3 hrs

تأجيل السداد/تأجيل دفع المستحقات

A payment holiday is an agreement with your lender to pause your mortgage, credit card or loan payments for a set period. They are sometimes granted if you're struggling to keep up with your repayments. It's important to remember that interest charges normally continue to be added during a payment holiday.
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