kreditersetzendes Wertpapier
English translation: securitised loan
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| 08:01 Oct 26, 2002 |
| German to English translations [PRO] Bus/Financial - Finance (general) | |||||||
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|  Selected response from: Ralf Lemster Germany Local time: 18:09 | ||||||
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| 3 +2 | securitised loan |
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Answers
24 mins confidence: 
peer agreement (net): +2
peer agreement (net): +2securitised loan Explanation: While this is not a literal translation, I believe the meaning is identical - what you're talking about is a loan that's been extended in the form of a security issued by the borrower (and bought by the lender). In the past, this was often used to avoid loan loss provisions (which would have been required for a loan). With today's common regime of marking-to-market, however, the net effect is the same. Up to you to judge if that fits your context. |
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