Glossary entry

French term or phrase:

sincérité du prix

English translation:

genuine price/cost

Added to glossary by Rekha Narula
Sep 14, 2005 22:51
18 yrs ago
31 viewers *
French term

sincérité du prix

French to English Bus/Financial Real Estate proxy contract for sale of property
This is involving sales contract of real estate. I would like the legal or business translation. I could write "price sincerity", but it doesn't sound right.
Change log

Sep 14, 2005 23:33: JCEC changed "Term asked" from "sincerite du prix" to "sinc�rit� du prix"

Discussion

Adrian MM. (X) Sep 17, 2005:
If this is a conveyancing contract clause, it's called 'certificate of value'. REAL ESTATE TITLE CONVEYANCE. Sections:. 5.70.010 Certificate of Value--Filing--Panel locator number. 5.70.020 Certificate of Value--Filing ...
www.slpl.lib.mo.us

Proposed translations

+3
11 mins
French term (edited): sincerite du prix
Selected

genuine price/cost

I don't know the full context, but it could be along the lines of "genuine price". I would definitely NOT translate the original as "sincerity of price" as it means nothing. Hope this helps. A+
Peer comment(s):

agree mdcdc : Yes, that the way to express it.
1 hr
Thank you, I earned my first KudoZ points!
agree sporran
1 hr
Thank you, I earned my first KudoZ points!
agree ACOZ (X) : Yes. It means that there have not been any under-the-table payments. VAT is paid on the sale price so declaring a lower price would mean less VAT. However, this is illegal.
2 hrs
Thank you, I earned my first KudoZ points!
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4 KudoZ points awarded for this answer. Comment: "Thank you. Your answer sounds reasonable."
-1
1 hr
French term (edited): sinc�rit� du prix

fair price or fair value of the price

I only propose this because property pricing can be a bit subjective. That is, it depends on the market conditions, location, etc. It is hard to really know what the "genuine" or "true" price is. So this is just a suggestion that incorporates the subjectiveness.

HTH
Peer comment(s):

disagree Buzzy : As ACOZ says above, it's a statement that the declared price in the contract is the actual price changing hands, with nothing on the side to avoid taxes - whether or not the price is fair, which as you say is pretty subjective!
7 hrs
Yes, now that ACOZ has posted his comment, I understand what is meant. Thanks.
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