La palabra del día: Cartera

Feminine noun. In Business Spanish cartera refers to the securities or tittles which are part of the assets of a merchant, bank or company. E.g.: La empresa ha ampliado su cartera de inversiones. The company has expanded its investment portfolio. This term is also used in expressions like cartera de clientes: customer base; and cartera de contratos: contract portfolio.
In Politics, cartera refers to the functions of a ministry. E.g.: Es elegido diputado en 1933 y será nombrado ministro de Marina, ministro de Estado y ministro sin cartera: He was elected deputy in 1933 and was nominated as Minister of the Navy, Secretary of State for Foreign Affairs and Minister without portfolio.
By the way, in Spain a cartera is a wallet and in Argentina a purse. dc

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