CONCEPTUAL AND TERMINOLOGICAL ACCURACY IN THE TRANSLATION OF FINANCIAL TEXTS: IMPLICATIONS FOR CROSS-BORDER FINANCIAL COMMUNICATION
CONCEPTUAL AND TERMINOLOGICAL ACCURACY IN THE TRANSLATION OF FINANCIAL TEXTS: IMPLICATIONS FOR CROSS-BORDER FINANCIAL COMMUNICATION

Summary/Abstract: In an increasingly globalized economy, financial information regularly crosses linguistic and cultural boundaries. Companies seek investors abroad, banks operate internationally, and regulatory bodies communicate with stakeholders in multiple languages. In this context, the translation of financial texts - such as annual reports, investment analyses, regulatory documents, and banking contracts - plays a crucial role. Ensuring conceptual and terminological accuracy in these translations is essential because even minor inaccuracies can lead to misunderstandings, financial losses, or legal complications. Therefore, the precise rendering of financial concepts and terminology is fundamental to effective cross-border financial communication. Conceptual accuracy refers to the correct transfer of the underlying meaning of a financial concept from the source language to the target language. Financial systems vary significantly across countries, and certain concepts may not have direct equivalents in other languages or legal frameworks. For example, accounting standards, taxation rules, and financial instruments often differ from one jurisdiction to another. When translating financial texts, translators must therefore possess not only linguistic competence but also a deep understanding of financial concepts in both the source and target contexts. Without such knowledge, there is a risk that the translated text may convey a meaning that differs from the original intent, potentially misleading readers or investors. Financial translation is a specialized field that requires linguistic precision, subject-matter expertise, and systematic terminology management. Due to the legal and economic implications of financial discourse, even minor terminological inaccuracies may lead to significant consequences. This paper analyzes the challenges of translating financial terminology between English and French, Serbian and French, as well as between English and Russian, Serbian and Russian with particular emphasis on institutional names, abbreviations, structural differences, and functional equivalence. Special attention is given to the role of glossary compilation in written translation, interpreting, and preparation for professional meetings in foreign languages. The study demonstrates that terminology standardization and contextual awareness are essential components of high-quality financial translation in international environments.

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