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handelsrente

English translation: (statutory) commercial interest

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Dutch term or phrase:	handelsrente
English translation:	(statutory) commercial interest
Entered by:	TAF

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12:32 Oct 16, 2005

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

Dutch term or phrase: handelsrente

From a terms and conditions.

If the buyer does not pay for the goods by the date specified on the invoice, he has to pay "wettelijke (handels) rente".

Is this just the same as statutory interest, or is handelsrente perhaps a specific (and different) business/commercial interest rate?

Thanks in advance for any help.

TAF KudoZ activity Questions: 304 (1 open) (2 without valid answers) (8 closed without grading) Answers: 27
Local time: 02:48

(statutory) commercial interest

Explanation:
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Note added at 7 mins (2005-10-16 12:39:37 GMT)
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in other words its the statutory interest imposed on commercial transactions