déficit de custodia
/defiθit de kustodja/from spelling rules
The English phrase "escrow shortage" is translated into Spanish as déficit de custodia.
This phrase describes a situation where the funds in an escrow account are insufficient to cover the full cost of taxes and insurance.
Which one should you use?
While déficit de custodia is the default term, you may encounter other formal variations such as Déficit en la cuenta de garantía, Faltante en el fondo fiduciario or Insuficiencia en el depósito en garantía.
Did you know?
- While custodia refers to financial assets in this phrase, it is the same word used in Spanish to describe the legal custody of children.
- In many Spanish-speaking countries, the legal structure used for an escrow is a fideicomiso, a term that implies a deeper legal trust than a simple deposit.
- While déficit is the standard term, a Spanish speaker might use the word faltante to describe a shortage in a more colloquial or everyday business setting.
Example conversation
Elena and Alejandro are discussing their mortgage statement.
- ElenaAlejandro, mira este aviso sobre el déficit de custodia.Alejandro, look at this notice about the escrow shortage.
- AlejandroNo entiendo por qué ocurrió este déficit de custodia.I don't understand why this escrow shortage happened.
- ElenaParece que los impuestos property subieron mucho.It seems that the property taxes went up a lot.
- AlejandroEntonces tendremos que pagar la diferencia ahora.Then we will have to pay the difference now.
Sources
- IPA marked “from spelling rules” is derived from standard Spanish spelling, where Wiktionary gives none.
