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derdengelden

English translation: Third party funds / funds entrusted


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:derdengelden
English translation:Third party funds / funds entrusted
Entered by: xxxjarry
Options:
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08:51 Feb 28, 2004
Dutch to English translations [PRO]
Law/Patents - Law: Contract(s)
Dutch term or phrase: derdengelden
storting op de kwaliteitsrekening derdengelden, van notaris xx
Marciam
Local time: 05:16
Third party funds / funds entrusted
Explanation:
...
Selected response from:

xxxjarry
South Africa
Local time: 05:16
Grading comment
THANKS
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +5Third party funds / funds entrustedxxxjarry
5trust account
Lawyer-Linguist
3 +1Derdengelden
writeaway


  

Answers


23 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
Derdengelden


Explanation:
Stays the same. haven't seen it translated anywhere, incl. in Jurlex.
found as an explanation (don't vouch for the translation(s)), HTH:

TERMS AND CONDITIONS
... the client, also in so far as these monies are deposited with the third party monies management supervisory board [Stichting Beheer derdengelden] of Holthuizen ...
www.holthuizen-advocaten.nl/ukvoorw.asp - 18

PURCHASE A SHIP
... This first installment has to be paid on the third party bank-account
of Stichting Beheer Derdengelden SANDER DOEVE Jachtmakelaardij. ...
www.sander-doeve.nl/engels/buyingprint.html - 9k

[DOC] FIRST REPORT PURSUANT TO ARTICLE 73A OF THE BANKRUPTCY ACT
File Format: Microsoft Word 97 - View as HTML
... This amount was transferred to the bank account number of Stichting
Derdengelden of Trip Advocaten en Notarissen on 21 May 2002. ...
www.triplaw.nl/nieuws/versl_1_faill_E.doc - Supplemental Result

writeaway
Local time: 05:16
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 99

Peer comments on this answer (and responses from the answerer)
agree  Allison Klein: exactly, or translate it in parentheses afterwards
52 mins
Login to enter a peer comment (or grade)

32 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +5
Third party funds / funds entrusted


Explanation:
...

xxxjarry
South Africa
Local time: 05:16
Specializes in field
Native speaker of: English
PRO pts in category: 209
Grading comment
THANKS

Peer comments on this answer (and responses from the answerer)
agree  Christopher Smith: this was my first reaction
14 mins

agree  Adam Smith: I thought so too
19 mins

agree  xxxwinterjasmij
37 mins

agree  Hans G. Liepert
1 hr

agree  Saskia Steur: I would say this is the correct answer
1 hr
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1 hr   confidence: Answerer confidence 5/5
kwaliteitsrekening derdengelden
trust account


Explanation:
The term "trust account" (in this case: of the notary)is a separate account from the practitioner's own business account in which monies entrusted to him by third parties are deposited in terms of the rules of the particular Law Society. In English we woud not normally mention the third party in this context......once you talk of a practitioner's trust account it is already understood that it is the money of third partes that is being handled.

Lawyer-Linguist
Portugal
Local time: 04:16
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 68
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