Verpflichtungsgeschäft

English translation: transaction imposing a legal obligation

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Verpflichtungsgeschäft
English translation:transaction imposing a legal obligation

13:50 Nov 14, 2001
German to English translations [PRO]
Law/Patents
German term or phrase: Verpflichtungsgeschäft
Bullet point

relating to equity trading/share ledgers etc.

Is 'contractual trade' appropriate?
Caitriona O'Callanain
Local time: 17:46
transaction imposing a(n legal) obligation
Explanation:
Hello Catriona,

A Verpflichtungsgeschäft is a legal transaction that subjects a party to an obligation (to perform an act (Leistung) or to refrain from performing an act (Unterlassen)).

"Obligation" is defined as a "legal requirement that one perform or refrain from performing some act..." (Webster's Dictionary of the Law).

It is really quite difficult to find a suitable equivalent in English here, as the German term is based on the fictitious split between Verpflichtungsgeschäft and Verfügungsgeschäft (which creates the change in legal status intended by the Verpflichtungsgeschäft), the so-called Abstraktionsprinzip under German law which doesn't exist under Anglo-Saxon law.

I guess "transaction imposing an obligation" represents the concept of Verpflichtungsgeschäft as closely as possible without getting to much into the nitty gritty of legal theory.

From what I can gather, "contractual trade" doesn't sound right - with a bit more context I might be able to give you a better answer.
Selected response from:

Beate Lutzebaeck
New Zealand
Local time: 06:46
Grading comment
Many thanks Beate. Just what I was looking for. I guess 'contractual trade' was too literal!
The term 'Verpflichtungsgeschäft' arose in a text on transferability of shares.
Cheers,
Caitriona


4 KudoZ points were awarded for this answer



Summary of answers provided
4executory transaction
Kim Metzger
4obligatory contract
NickWatson
4transaction imposing a(n legal) obligation
Beate Lutzebaeck


  

Answers


5 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
executory transaction


Explanation:
Also obligation establishing transaction


    Hamblock/Wessels - Gro�w�rterbuch Wirtschafts Englisch
Kim Metzger
Mexico
Local time: 11:46
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 22192
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10 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
obligatory contract


Explanation:
Schäfer: Wirtschaftswörterbuch

NickWatson
Germany
Local time: 18:46
Native speaker of: English
PRO pts in pair: 36
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
transaction imposing a(n legal) obligation


Explanation:
Hello Catriona,

A Verpflichtungsgeschäft is a legal transaction that subjects a party to an obligation (to perform an act (Leistung) or to refrain from performing an act (Unterlassen)).

"Obligation" is defined as a "legal requirement that one perform or refrain from performing some act..." (Webster's Dictionary of the Law).

It is really quite difficult to find a suitable equivalent in English here, as the German term is based on the fictitious split between Verpflichtungsgeschäft and Verfügungsgeschäft (which creates the change in legal status intended by the Verpflichtungsgeschäft), the so-called Abstraktionsprinzip under German law which doesn't exist under Anglo-Saxon law.

I guess "transaction imposing an obligation" represents the concept of Verpflichtungsgeschäft as closely as possible without getting to much into the nitty gritty of legal theory.

From what I can gather, "contractual trade" doesn't sound right - with a bit more context I might be able to give you a better answer.


    Creifelds, Rechtsw�rterbuch
Beate Lutzebaeck
New Zealand
Local time: 06:46
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
PRO pts in pair: 2079
Grading comment
Many thanks Beate. Just what I was looking for. I guess 'contractual trade' was too literal!
The term 'Verpflichtungsgeschäft' arose in a text on transferability of shares.
Cheers,
Caitriona

Login to enter a peer comment (or grade)



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