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Verbindlichkeit Girokonto/Rangrücktrittskonto

English translation: subordination account

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Rangrücktrittskonto
English translation:subordination account
Entered by: Steffen Walter
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01:01 Apr 1, 2002
German to English translations [PRO]
Bus/Financial - Finance (general)
German term or phrase: Verbindlichkeit Girokonto/Rangrücktrittskonto
context: a list of liabilities (with amounts) that make up the item "Verbindlichkeiten gegenüber Kreditinstituten" in a company's balance sheet.

"Delbrück & Co.
Verbindlichkeit Girokonto
Verbindlichkeit Rangrücktrittskonto (unverzinslich)"

I assume Verbindlichkeit Girokonto means a checking account debt (or perhaps debit balance?), but what is a Rangrücktrittskonto?

TIA, Beth
Beth Kantus
United States
Local time: 23:22
subordination account
Explanation:
Woyode translates subordination agreement as Rangrücktrittsvereinbarung.
The site below gives this definition of

SUBORDINATION AGREEMENT

A written agreement between holders of liens on a property that changes the priority of mortgage, judgment and other liens under certain circumstances.



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Note added at 2002-04-01 02:31:56 (GMT)
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Wörterbuch Rechnungslegung und Steuern - Woyode
Selected response from:

Kim Metzger
Mexico
Local time: 22:22
Grading comment
Thanks, Kim!
4 KudoZ points were awarded for this answer

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4subordination account
Kim Metzger


  

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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
subordination account


Explanation:
Woyode translates subordination agreement as Rangrücktrittsvereinbarung.
The site below gives this definition of

SUBORDINATION AGREEMENT

A written agreement between holders of liens on a property that changes the priority of mortgage, judgment and other liens under certain circumstances.



--------------------------------------------------
Note added at 2002-04-01 02:31:56 (GMT)
--------------------------------------------------

Wörterbuch Rechnungslegung und Steuern - Woyode


    Reference: http://www.buyersresource.com/Glossary/SUBORDINATION_AGREEME...
Kim Metzger
Mexico
Local time: 22:22
Native speaker of: Native in EnglishEnglish
PRO pts in category: 438
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Thanks, Kim!
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Changes made by editors
Jul 5, 2005 - Changes made by Steffen Walter:
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