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Avalkredit

English translation: guarantee credit


GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Avalkredit
English translation:guarantee credit
Entered by: Alison Riddell
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20:51 Jun 24, 2005Login or register (free) for more options.
German to English translations [PRO]
Bus/Financial - Finance (general) / syndicated loan
German term or phrase: Avalkredit
(syndicated loan)

Based on my question related to *Aval*, would *loan based on an aval* be appropriate for *Avalkredit* or should I use other wording?

Any help is greatly appreciated!
silfilla
United States
Local time: 08:04
loan against aval
Explanation:
yes, you have found the right words
Selected response from:

Mustafa Er (BSc MA)
Turkey
Local time: 15:04
Grading comment
I used *aval-based loan* in my translation. Thanks, Mustafa, and all others who contributed.
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +2guarantee credit
Alison Riddell
4 +2credit by way of bank guarantee
Kathi Stock
4loan against aval
Mustafa Er (BSc MA)
3bank guarantee (BG)R.Raghunathan


  

Answers

52 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
credit by way of bank guarantee


Explanation:
Kreditinstitut übernimmt Dritten gegenüber die Haftung für Kunden bei nicht ordnungsgemäßer Vertragserfüllung
Laut Schäfer Wirtschaftswörterbuch

Kathi Stock
United States
Local time: 07:04
Works in field
Native speaker of: Native in GermanGerman
PRO pts in category: 31

Peer comments on this answer (and responses from the answerer)
agree  Dipl.-Kfm. Bernhard Aicher MBA: Oder einfach nur 'bank guarantee' - so stand es in einem von mir ins Deutsche übersetzten Konsortialkreditvertrag.
13 mins
agree  Dr.G.MD
1 hr
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1 hr   confidence: Answerer confidence 5/5 peer agreement (net): +2
guarantee credit


Explanation:
"Avalkredit / guarantee credit
Gewährung eines Kredites, bei dem eine Bank in einem bestimmten Ausmass (Avallimite) die Verpflichtung einer Wechselbürgschaft übernimmt."


    Reference: http://www.raiffeisen.ch/lexikon/avalkr-d.htm
Alison Riddell
Germany
Local time: 14:04
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 227

Peer comments on this answer (and responses from the answerer)
agree  Dipl.-Kfm. Bernhard Aicher MBA: Diese Variante ist IMHO durchaus OK, aber 'bank guarantee' - auch wenn's nicht für 'Avalkredit' in den Wörterbüchern steht -, passt um einen Tick besser in den Kontext.
3 hrs
agree  Monika Leit
16 hrs
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8 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
loan against aval


Explanation:
yes, you have found the right words

Mustafa Er (BSc MA)
Turkey
Local time: 15:04
Specializes in field
Native speaker of: Native in TurkishTurkish, Native in EnglishEnglish
PRO pts in category: 8
Grading comment
I used *aval-based loan* in my translation. Thanks, Mustafa, and all others who contributed.
Login to enter a peer comment (or grade)


11 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
bank guarantee (BG)


Explanation:
I think, that will do.
The service provider SP) may insist on the customer furnishsing a bank guarantee just in case the customer is not honouring the payment commitment. In such a situation, the (SP) may revoke the BG to obtain payment. BG is issued by a bank on the request of a customer

R.Raghunathan
India
Local time: 17:34
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 88
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