GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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06:51 Apr 1, 2007 |
German to English translations [PRO] Bus/Financial - Accounting / Annual Account Audit | |||||||
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| Selected response from: casper (X) | ||||||
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4 | rent guarantee account |
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Mietavalkonto rent guarantee account Explanation: Das Bankaval (von italienisch avallo - "Wechsel", dieses von arabisch hiwala - "Mandat", "Wechsel") umfasst als Sammelbegriff sowohl Bürgschaften und Garantien als auch Wechselbürgschaften, die ein Kreditinstitut im Auftrag eines ihrer Kunden gegenüber einem Dritten übernimmt. Der Begriff Aval stammt aus dem Italienischen und steht für die Unterzeichnung eines Wechsels durch eine zusätzliche Person, die damit ebenso haftet wie der Aussteller des Wechsels. http://www.blinkbits.com/de_wikifeeds/Bankaval In order to allow CPAS structures to recover the rent guarantees granted for low-income people, the bank has also devised a reconstitution system allowing the CPAS to be – in the long run – automatically released from its commitments through the use of a ***rent guarantee account***. As of December 31, 2005, Dexia Bank was managing – in different formats e.g. current accounts, debt mediation accounts and ***rent guarantee accounts*** – some 100,000 social accounts for destitute and low-income people. http://www.dexia.com/docs/2006/20060510_AG/VoletC_UK/2006051... -------------------------------------------------- Note added at 51 mins (2007-04-01 07:42:34 GMT) -------------------------------------------------- Mietaval: zur Absicherung eines Mietvertrages, die Kautionsstellung durch den Mieter kann entfallen. http://www.blinkbits.com/de_wikifeeds/Bankaval |
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