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Abwicklung (der Rückstellungen)

English translation: the release

13:36 Jun 19, 2003
German to English translations [PRO]
Bus/Financial - Insurance / insurance
German term or phrase: Abwicklung (der Rückstellungen)
I would be glad of your help with the correct translation of Abwicklung in this context:

"Die einzelnen Teilrückstellungen sind so zu dotieren, dass bei der Abwicklung der Schadenrückstellungen insgesamt keine Verluste auftreten"

I've been using Abwicklung for "settlement" of claims, but I am wondering whether it is correct to use it here, or whether I should say "liquidation of the provisions for claims" in this instance?
Deborah Shannon
Germany
Local time: 16:11
English translation:the release
Explanation:
the release of the reserves (which means reducing the money allocated to those reserves)

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Note added at 2003-06-19 14:01:45 (GMT)
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\"liquidation\" can be used in the same way, as you suggest. In any case, I think the idea of \"settlement of claims\" sort of overlaps, since the provisions for claims are probably liquidated in order to settle the claims.
Selected response from:

William Stein
Costa Rica
Local time: 08:11
Grading comment
Thanks William, appreciate the help.
4 KudoZ points were awarded for this answer



Summary of answers provided
4the release
William Stein


  

Answers


22 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
the release


Explanation:
the release of the reserves (which means reducing the money allocated to those reserves)

--------------------------------------------------
Note added at 2003-06-19 14:01:45 (GMT)
--------------------------------------------------

\"liquidation\" can be used in the same way, as you suggest. In any case, I think the idea of \"settlement of claims\" sort of overlaps, since the provisions for claims are probably liquidated in order to settle the claims.

William Stein
Costa Rica
Local time: 08:11
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 27
Grading comment
Thanks William, appreciate the help.
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