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  3. Finance (general)

Auftragserteilung

English translation: placement of the (an) order

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Auftragserteilung
English translation:placement of the (an) order
Entered by: PoveyTrans (X)

13:43 Jan 16, 2008
German to English translations [PRO]
Bus/Financial - Finance (general)
German term or phrase: Auftragserteilung
Not sure if this means that the 125,000 euros should be deposited when the application is SUBMITTED or when it is APPROVED/TAKEN UP/ACCEPTED... I would expect that the former is the case but it occured to me that it could be on acceptance of an application.

Could anyone clarify?

Thanks!

Ein Mindestbetrag von 125.000 EUR ist auf einem Treuhandkonto bei Auftragserteilung zu hinterlegen.
PoveyTrans (X)
Local time: 05:45
on placement of the order
Explanation:
That's my reading of it; whether the order is for construction of a building, purchase of a car or establishment of a fund portfolio, I'd say this would fit. IOW, as a sort of evidence of good faith.
Selected response from:

David Moore (X)
Local time: 06:45
Grading comment
Thanks
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +6on placement of the order
David Moore (X)


Discussion entries: 1





  

Answers


54 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +6
on placement of the order


Explanation:
That's my reading of it; whether the order is for construction of a building, purchase of a car or establishment of a fund portfolio, I'd say this would fit. IOW, as a sort of evidence of good faith.

David Moore (X)
Local time: 06:45
Native speaker of: English
PRO pts in category: 186
Grading comment
Thanks
Notes to answerer
Asker: Thanks - this was my initial reading too.


Peer comments on this answer (and responses from the answerer)
agree  BrigitteHilgner: That's how I understand this, too.
31 mins
agree  Friderike Butler
1 hr
agree  Ingeborg Gowans (X): my understanding as well
1 hr
agree  Mihaela Boteva
2 hrs
agree  kavorka
2 hrs
agree  Steffen Walter: Yes, what else?
3 hrs
neutral  stanley lawson: sounds to me like a phrase from a tender, which would mean "on the tender being awarded"
14 hrs
  -> And what, pray, is wrong with that???
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