wechselmäßig verbrieft

English translation: Accounts payable; thereof bills of exchange issued

11:56 Mar 8, 2004

German to English translations [PRO]
Bus/Financial - Accounting / Financial Statements - Balance Sheet

German term or phrase: wechselmäßig verbrieft

From a Balance Sheet. The full term is 'Lieferverbindlichkeiten davon wechselmäßig verbrieft - --' In other words, of the amount recorded under Accounts Payable, none are 'wechselmäßig verbrieft'. 'Verbrieft' suggests to me that the claims are secured but I don't understand the word 'wechselmäßig'

Shane London KudoZ activity Questions: 942 (1 open) (23 closed without grading) Answers: 138 Australia
Local time: 17:56

English translation:Accounts payable; thereof bills of exchange issued

Explanation:
"wechselmäßig verbrieft" just means that for a portion of accounts payable bills of exchange have been issued.

Selected response from:

Steffen Pollex (X)
Local time: 09:56

Grading comment

Many thanks. Bills of Exchange explains the 'Wechselmäßig' part. I couldn't find that anywhere in a dictionary (or on the Internet).
4 KudoZ points were awarded for this answer

Summary of answers provided

Accounts payable; thereof bills of exchange issued

Steffen Pollex (X)

5 -1

s.u.

Ingrid Blank

none are 'secured by a letter of credit'

gangels (X)

trade 'payables' (AE)/trade accounts payable (BE)/ of which represented by bills of exchange

KirstyMacC (X)

Answers

19 mins confidence:

peer agreement (net): -1

s.u.

Explanation:
Zahn gibt für wechselmäßig on/under a bill - maybe you could say 'not securitized under a bill'

Ingrid Blank
PRO pts in category: 58

28 mins confidence:

Lieferverbindlichkeiten davon wechselmдЯig verbrieft

Accounts payable; thereof bills of exchange issued

Explanation:
"wechselmäßig verbrieft" just means that for a portion of accounts payable bills of exchange have been issued.

Steffen Pollex (X)
Local time: 09:56
Specializes in field
Native speaker of:

German,

Russian
PRO pts in category: 36

Grading comment

Many thanks. Bills of Exchange explains the 'Wechselmäßig' part. I couldn't find that anywhere in a dictionary (or on the Internet).

1 hr confidence:

none are 'secured by a letter of credit'

Explanation:
in the US.

gangels (X)
Local time: 01:56
Works in field
Native speaker of:

English,

German
PRO pts in category: 122

6 hrs confidence:

trade 'payables' (AE)/trade accounts payable (BE)/ of which represented by bills of exchange

Explanation:
I agree with certificated or securitised, embodied in - but perhaps no 'indentured by' that refers to a deed.

The Wechsel suggests to me there are negotiable, 'factorable' instruments representing the trade creditors.

KirstyMacC (X)
Local time: 08:56
Native speaker of:

English
PRO pts in category: 13

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