Umlaufbeschluss
English translation: approval by way of circulation
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| 18:00 Jan 9, 2003 |
| German to English translations [PRO] Bus/Financial / Finance (bank guarantee) | |||||||
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|  Selected response from: Ralf Lemster Germany Local time: 16:30 | ||||||
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| 5 | valid /approved currency in circulation |
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| 4 | approval by way of circulation |
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Answers
6 mins confidence: 
approval by way of circulation Explanation: Beschlussfassung im Umlaufverfahren bedeutet, dass der Beschluss (hier wahrscheinlich die Genehmigung der Kreditlinie) per Fax, Post, authentifizierter E-Mail o.ä. gefasst wird, ohne dass die Konsorten zu einer Sitzung zusammen kommen. Der Begriff wird häufig bei Vorstands- bzw. Aufsichtsratsbeschlüssen über Kreditengagements verwendet - bei genehmigungspflichtigen Großkrediten kann man ja nicht mal eben den ganzen Vorstand und/oder AR zusammen pfeifen... |
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Grading comment
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2 hrs confidence:
valid /approved currency in circulation Explanation: currency that has been approved for circulation |
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