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 KudoZ activity Questions: 11 (4 open) (1 without valid answers) Answers: 10 United Kingdom
Local time: 19:53

Summary of answers provided

Abwicklungskonto

Bernie Graezer, MLaw UZH (X)

Answers

1 day 4 hrs confidence:

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 (X)
Switzerland
Local time: 20:53
Native speaker of: German

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