rendementswaarde

English translation: capitalized/capitalised return value, capitalized/capitalised returns

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Dutch term or phrase:	rendementswaarde
English translation:	capitalized/capitalised return value, capitalized/capitalised returns
Entered by:	Jack den Haan

11:12 Sep 4, 2006

Dutch to English translations [PRO]
Bus/Financial - Finance (general)

Dutch term or phrase: rendementswaarde

Voor de berekening van de rendementswaarde bestaan er talrijke methodes. De zuivere rendementswaarde bijvoorbeeld is gebaseerd op de verwachte toekomstige resultaten van de onderneming. Binnen de categoriue van rendementswaardeberekeningen bestaan er ook tal van varianten.

balohan KudoZ activity Questions: 148 (11 open) (4 without valid answers) (14 closed without grading) Answers: 36
Local time: 09:53

capitalized/capitalised return value

Explanation:
bron: Terminologie Financieel Management [Van Amerongen/Samson]

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Note added at 4 hrs (2006-09-04 15:38:19 GMT)
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@Jarry: Besides your 3 more or less "standard" Google hits a little further googling results in the following:

The Economic Journal: The Quarterly Journal of the Royal Economic Society - Page 173
by British Economic Association, Royal Economic Society (Great Britain), JSTOR (Organization), Ingenta (Firm)
This, reckoned as interest at 4 per cent., gives a **capitalised return-value** of 25000 marks. The excess over this of its selling value—5000 marks—forms the ...

http://books.google.com/books?vid=ISBN9026727127&id=-eWUTdNe...

The Royal Economic Society sounds like a fairly knowledgeable and authoritative institution to me, and, besides Van Amerongen, A.J. de Keizer also renders 'rendementswaarde' as "[capitalised] return value. Further, although I'm not an expert, I can't imagine the difference between 'returns' and 'return value' being very significant.

Selected response from:

Jack den Haan
Netherlands
Local time: 09:53

Grading comment

4 KudoZ points were awarded for this answer

Summary of answers provided

4 +2

capitalized/capitalised return value

Jack den Haan

4 +1

Capitalised returns

jarry (X)

Discussion entries: 14

Jack den Haan

Netherlands

09:02 Sep 11, 2006

@Jarry: Rule 3.4: The only acceptable means of commenting on another's answer is by using the peer comment feature. Using the answer posting form or the answer explanation box to comment on another's suggestions is not allowed.

Jack den Haan

Netherlands

09:00 Sep 11, 2006

@Jarry: You started this discussion yourself by posting not less than three "Ask Asker" remarks. Using this section for this purpose, by the way, is against KudoZ rules.

jarry (X)

South Africa

16:07 Sep 6, 2006

I very much welcome your decision to end a discussion which you yourself initiated. I never felt the need for it in the first place.

Jack den Haan

Netherlands

15:21 Sep 6, 2006

@Jarry: de rendements*waarde*"). End of discussion as far as I'm concerned.

Jack den Haan

Netherlands

15:19 Sep 6, 2006

@Jarry: these approaches there are varying methods *to calculate value*". In my humble opinion, even as a non-expert in the field of "financial statements and the like", this justifies the use of the term 'value' in the given context ("de *berekening* van

Jack den Haan

Netherlands

15:17 Sep 6, 2006

@Jarry: In my opinion, you're focussing too strongly on the use of the term 'returns' in a general sense. The point I'm trying to make is that the result of any calculation is a value. Even the reference you cite refers to a value, viz. "Within each of

jarry (X)

South Africa

13:19 Sep 6, 2006

and accounting). The same goes for "waardering" and "waarderen". If you are not familiar with financial statements and the like, this discussion is probably futile.

jarry (X)

South Africa

13:16 Sep 6, 2006

As I told you, please refer to my first note, i.e "There are varying valuation approaches and methods that can be used to calculate returns".
"Waarde" is frequently not translated as 'value' in English financial jargon (especially in corporate finance

Jack den Haan

Netherlands

14:21 Sep 5, 2006

@Jarry: Thank you. But if I may ask another question, how would you translate asker's first sentence?

jarry (X)

South Africa

12:24 Sep 5, 2006

Returns, if the purpose of the exercise is to calculate what an investment in the business in question will yield . But see my first note which goes into some detail as to how to arrive at this figure.

Jack den Haan

Netherlands

10:25 Sep 5, 2006

@Jarry. As a matter of curiosity, and with a view to a possible subtle difference in meaning, how would you translate 'rendement' in asker's context?

jarry (X)

South Africa

08:39 Sep 5, 2006

from a highly specific search and therefore not convincing. 'Capitalised returns' on the other hand gets hundreds of hits from a straightforward general Google search. Unlike Jack's few hits, mine give detailed and background information for the term.

jarry (X)

South Africa

08:34 Sep 5, 2006

@ Jack: The quote Guidelines for Annual Reporting in the Netherlands is from the book's chapter on pensions and is equated to 'presetn value'
The quote from The Quarterly Journal of the Royal Economic Society (p173) dates back to 1987! Both are the only

jarry (X)

South Africa

14:51 Sep 4, 2006

@ Jack: The dictionary you quote is notoriously unreliable and was compiled by a Dutch native speaker.

Answers

9 mins confidence:

peer agreement (net): +2

capitalized/capitalised return value

Jack den Haan
Netherlands
Local time: 09:53
Native speaker of:

Dutch,

English
PRO pts in category: 70

1 hr confidence:

peer agreement (net): +1

Capitalised returns

Explanation:
http://www.vercoradvisor.com/articles/CapAndDisReturns.html

There are varying valuation approaches and methods that can be used to value a business. In general, the three basic valuation approaches are the income approach, market approach and the asset-based approach. Within each of these approaches there are varying methods to calculate value. This article is intended to give a brief overview of the income approach, in particular the capitalized and discounted future returns methods.

Capitalized Returns Method

The capitalized returns method is generally used when there is a reasonable degree of probability that the future benefits (net earnings or net cash flow) of the business can be estimated. Additionally, these future benefits should be estimated to continue at a predictable rate. If the future benefits of a business are likely to be volatile, this methodology will not produce adequate results. The capitalized returns method is calculated by dividing the expected returns of a business by a capitalization rate. The capitalization rate is a function of developing an expected rate of return to an investor. The capitalization rate begins with determining what the return of a risk free investment would be and adding factors for growth and the risk of a particular investment. Capitalization rates can be applied to net earnings, net cash flow and gross cash flow. The capitalization rate may need to be adjusted depending on the earnings stream that it will be applied to. The correct application of this method requires using historical financial statements as a base to predict the future income stream.

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Note added at 8 hrs (2006-09-04 19:50:42 GMT)
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It so happens that I was a member of the Editorial Committee supervising the translation of "Richtlijnen voor de Jaarverslaggeving van de Raad voor de Jaarverslaggeving" (Guidelines for Annual Reporting of the Council for Annual Reporting in the Netherlands: see http://www.vuboekhandel.nl/app/suartik2.p?session=rjVrclLoQF...

The translation was the work of Mac Bay Consultants and was overseen by a Council for Annual Reporting group consisting of Messrs R. Ahlers, J.M. Beek (yours truly), E. Eeftink, J.F. Leeuwerik and R. Rishworth. As is customary when forming part of such a group there are instances when not everyone will agree on a particular term, as in the case of 'capitalised return value'. This is not an accepted term in the English-speaking world of finance and I challenge anyone to prove that it is.

The correct translation is 'capitalised returns' (for which there are hundreds of Google hits). There are but three Google hits for 'Capitalised return value' and all three are the invention of Dutch translators who are apparently not familiar with English financial terminology. There is a very significant difference between 'Capitalised return value' and 'Capitalised returns' in that the latter term does not need the addition of value. By definition, returns already imply a 'value' and any educated native speaker will instinctively know that the addition of the word 'value' is not only superfluous but sounds unnatural as well.

jarry (X)
South Africa
Local time: 09:53
Specializes in field
Native speaker of: English
PRO pts in category: 353

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English translation: capitalized/capitalised return value, capitalized/capitalised returns

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