Nov 6, 2002 11:17
21 yrs ago
2 viewers *
English term
...to be paid one month *in hand* (contract)
English to German
Bus/Financial
Law: Contract(s)
Legal, contract
This "in hand" appears in a consultancy agreement, the whole sentence is as follows:
"All monies due to the Consultant are to be paid one month in hand, on the last working day of each and every month that this agreement remains in force to the Consultants account No." [followed by the number and the name of the banking institute]
Could anybody please explain what is meant by "in hand"? A German translation would also be appreciated. (Explanations in English or German welcome)
Thank you very much in advance.
Tanja
"All monies due to the Consultant are to be paid one month in hand, on the last working day of each and every month that this agreement remains in force to the Consultants account No." [followed by the number and the name of the banking institute]
Could anybody please explain what is meant by "in hand"? A German translation would also be appreciated. (Explanations in English or German welcome)
Thank you very much in advance.
Tanja
Proposed translations
(German)
| 3 -1 | mit einem Zahlungsziel von einem Monat |
Steffen Walter
|
| 4 +2 | comment |
Armorel Young
|
| 4 +1 | Meaning |
JCEC
|
| 5 | to be paid one month in arrears . . . |
Fuad Yahya
|
Change log
May 13, 2019 09:44: Steffen Walter changed "Field" from "Law/Patents" to "Bus/Financial"
Proposed translations
-1
12 mins
Steffen Walter
Germany
Germany
Native in German
Works in field
Germany
Top-Notch Service | Direct Clients Only
Native in: German (Variant: Germany) 
Works in: English to German, German to English, French to German, and 1 more.
Related KudoZ points
:
1152
Selected
mit einem Zahlungsziel von einem Monat
oder: werden fällig nach (einer Frist von) einem Monat/mit einer (Zahlungs)frist von einem Monat
Wenn ich es nicht ganz falsch interpretiere, dann ist hier obige Verfahrensweise gemeint (siehe Verwendung auf u.a. Website -> Suche nach "in hand" und "in-hand").
HDH
Steffen
Wenn ich es nicht ganz falsch interpretiere, dann ist hier obige Verfahrensweise gemeint (siehe Verwendung auf u.a. Website -> Suche nach "in hand" und "in-hand").
HDH
Steffen
3 KudoZ points awarded for this answer.
Comment: "Danke, die Antworten der anderen waren ebenso hilfreich, aber du hast mich als erster auf die richtige Spur gebracht.
Viele Grüße
Tanja
"
+2
31 mins
comment
I have always understood this to mean that you get paid at the end of the month for work done that month. I've often heard the phrase used when talking about someone starting a new job - if they get paid one month in hand it means that they have nothing coming in during that first month of working; quite a problem if you have no savings!
Peer comment(s):
| agree |
Clair Pickworth
: that's how I've always understood it
49 mins
|
| agree |
Mike Birch
: paid on completion of each month (and generally a week after that in my experience, after the banks have cleared the money). At least it's better than 60 or 90 days!
2 hrs
|
+1
2 hrs
Meaning
My understanding of "month in hand" is that you are paid after the end of the second month and the first month is paid when the contract is over.
Berlin messengers are paid monthly and a month in hand so when you start, you work for 2 months before receiving your first cheque.
http://www.messengers.org/messville/BERLIN.HTM
Workers are usually paid one month in hand so that they are discouraged from quitting.
http://www.citinv.it/associazioni/CNMS/archivio/paesi/china_...
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Note added at 2002-11-06 14:03:12 (GMT)
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In other words, the month in question is in the hand of the person who pays you to dscourage you from not fulfilling the contract or quitting.
Berlin messengers are paid monthly and a month in hand so when you start, you work for 2 months before receiving your first cheque.
http://www.messengers.org/messville/BERLIN.HTM
Workers are usually paid one month in hand so that they are discouraged from quitting.
http://www.citinv.it/associazioni/CNMS/archivio/paesi/china_...
--------------------------------------------------
Note added at 2002-11-06 14:03:12 (GMT)
--------------------------------------------------
In other words, the month in question is in the hand of the person who pays you to dscourage you from not fulfilling the contract or quitting.
Peer comment(s):
| agree |
tongue tied
: the amount "in hand" can vary, but it is a common practice with the "in hand" amount being paid at the end of the employment/contract
1 hr
|
|
Thank you
|
5 hrs
to be paid one month in arrears . . .
. . . (rather than in advance).
"In arrears" and "in hand" are not exact synonyms. "In arrears" has a negative connotation. It not only states the fact of the payment being one month after the work has been performed, but also puts it in an at-fault frame. "At hand," in contrast, treats the payment arrangement neutrally, with no judgment on legitimacy.
The phrase that comes immediately after ("on the last working day of each and every month") explains the intended meaning.
The expression is not very commonly used and does not appear in commonly available dictionaries. Here is an online example that brings out the meaning:
http://www.citinv.it/associazioni/CNMS/archivio/paesi/china_...
"Wage arrears and underpayment: Workers are usually paid one month in hand so that they are discouraged from quitting. Some receive their wages once every couple of months and some enterprises only pay the basic living allowances. Invariably, when the enterprises wind up, the workers cannot claim back their unpaid wages."
Fuad
"In arrears" and "in hand" are not exact synonyms. "In arrears" has a negative connotation. It not only states the fact of the payment being one month after the work has been performed, but also puts it in an at-fault frame. "At hand," in contrast, treats the payment arrangement neutrally, with no judgment on legitimacy.
The phrase that comes immediately after ("on the last working day of each and every month") explains the intended meaning.
The expression is not very commonly used and does not appear in commonly available dictionaries. Here is an online example that brings out the meaning:
http://www.citinv.it/associazioni/CNMS/archivio/paesi/china_...
"Wage arrears and underpayment: Workers are usually paid one month in hand so that they are discouraged from quitting. Some receive their wages once every couple of months and some enterprises only pay the basic living allowances. Invariably, when the enterprises wind up, the workers cannot claim back their unpaid wages."
Fuad
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