English translation: excess coverage; favourable variance or overabsorption of costs
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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:
overdekking
English translation:
excess coverage; favourable variance or overabsorption of costs
Dutch to English translations [PRO] Bus/Financial - Accounting / annual report
Dutch term or phrase:overdekking
this is a property developer. although I understand the general idea of "cash coverage" - I would like some clarification esp. for overdekking. excess cash coverage ?
Het absolute niveau van de algemene kosten werd binnen de begroting gehouden.
De dekking op basis van de gefactureerde omzet liet een overdekking van ruim 7% zien ten opzichte van de algemene kosten.
Explanation: Not an expert, but this might do the trick.
The reference below is based on an insurance context. Don't have time to google this extensively right now, I'm afraid.
http://www.coverageglossary.com/explanations/ltr712.htm
UNIT OWNERS' EXCESS COVERAGE
This type of insurance expands your insurance coverage to include damage or loss to alterations, fixtures, and mprovements within individual units owned by the unit owner, caused by the insured perils. This includes damage to air conditioners, clothes washers, clothes dryers, cooking ovens, cooking ranges, dishwashers, floor coverings, countertops, kitchen cabinets, refrigerators, and freezers.
This coverage applies only as excess insurance over any other valid and collectible insurance that would apply in the absence of this policy.
Explanation: Not an expert, but this might do the trick.
The reference below is based on an insurance context. Don't have time to google this extensively right now, I'm afraid.
http://www.coverageglossary.com/explanations/ltr712.htm
UNIT OWNERS' EXCESS COVERAGE
This type of insurance expands your insurance coverage to include damage or loss to alterations, fixtures, and mprovements within individual units owned by the unit owner, caused by the insured perils. This includes damage to air conditioners, clothes washers, clothes dryers, cooking ovens, cooking ranges, dishwashers, floor coverings, countertops, kitchen cabinets, refrigerators, and freezers.
This coverage applies only as excess insurance over any other valid and collectible insurance that would apply in the absence of this policy.
Jack den Haan Netherlands Local time: 07:23 Native speaker of: Dutch, English PRO pts in category: 35
Grading comment
thanks
Notes to answerer
Asker: the context is accountancy - so the alternatives are apparently overabsorption or excess cash coverage - I suppose they are not the same thing