23:10 Feb 18, 2005 |
English to German translations [PRO] Bus/Financial - Finance (general) | |||||||
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| Selected response from: Derek Gill Franßen Germany Local time: 10:42 | ||||||
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...(genießen nicht dasselbe) Vertrauen und... Explanation: ... nicht dieselbe kreditmäßige Unterstützung... |
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full faith and credit backing völlige Anerkennung durch... ODER volle Kredit der... ; gesichert durch...; garantiert durch... Explanation: I decided to change my answer on the basis of these considerations: I have found two meanings for "full faith and credit": 1. full faith and credit n. the provision in Article IV, Section 1 of the U.S. Constitution which states: "Full faith and credit shall be given in each State to the public acts, records and judicial proceedings of every other state." Thus, a judgment in a lawsuit or a criminal conviction rendered in one state shall be recognized and enforced in any other state, so long as the original judgment was reached by due process of law. Each state has a process for obtaining an enforceable judgment based on a "foreign" (out-of-state) judgment. 2. The term "full faith and credit" is also used to describe a type of of "security" for the creditworthiness (=Bonität) of some instrument or institution; it does not mean "creditworthiness" alone, but rather it is the reason for the "creditworthiness" because it is backed by the state, i.e. if the institution fails to meet its financial obligations, the state government will step in to cover that institution (hence my originally suggested "Bürgschaft", which describe what is taking place). I like Johanna's "genießen", which fits well with the rest. :-) |
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