Non-Recoverable Account

12:18 Dec 13, 2016
English to German translations [Non-PRO]
Bus/Financial - Real Estate / part of a Property Management Procedures
English term or phrase: Non-Recoverable Account
Opening of ""Non-Recoverable Account""

Upon acquisition of a property, a Non-Recoverable Account, for the sole purpose of disbursing funds associated with the day-to-day operations of the investment, will be opened.

Dieser Begriff ist mir neu - ich habe ihn vorerst mit "Konto für nicht erstattungsfähige Beträge" übersetzt, bin jetzt aber sehr unsicher. Würde mir ein netter Mensch helfen? Lieben Dank! (Was den Kontext betrifft, war es das leider schon. Es handelt sich hier um einen Auszug aus einer Richtlinie für Property Management-Firmen.)
Kathrin Caiger
United Kingdom
Local time: 13:49


Summary of answers provided
4Abwicklungskonto
Bernie Graezer, MLaw UZH


  

Answers


1 day 4 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
non-recoverable account
Abwicklungskonto


Explanation:
Im Gegensatz zu komerziellen Bankkonten - wie savings-, checking- etc. dient dieses einem limitierten und endlichen Zweck.

Bernie Graezer, MLaw UZH
Switzerland
Local time: 14:49
Native speaker of: Native in GermanGerman
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