Dec 15, 2004 10:09
20 yrs ago
German term
Forderung aus dem Saldo.
German to English
Bus/Financial
Business/Commerce (general)
This is part of a company's general terms & conditions under the heading of retention of title:
Bei Saldoziehung gilt der Eigentumsvorbehalt als Sicherung für die Forderung aus dem Saldo.
Any help with the entire sentence would be much appreciated.
Bei Saldoziehung gilt der Eigentumsvorbehalt als Sicherung für die Forderung aus dem Saldo.
Any help with the entire sentence would be much appreciated.
Proposed translations
(English)
4 +1 | net amount owing on the (current) account | Kieran McCann |
4 | claims resulting in an open balance | NetzConsult |
Proposed translations
+1
1 hr
Selected
net amount owing on the (current) account
'Saldoziehung' refers to the practice of lumping sales and purchases with a particular trading partner together and settling net ('running a current account'?...not quite sure what we say).
This is rather complex legally, and one effect is that legal claims/rights are transferred from the individual items to an abstract claim on the net balance. This in turn is why standard AGBs insist on keeping retention of title for individual items (or all items taken together) despite 'Saldoziehung' or 'laufende Rechnung'.
Here, in keeping with that, they're saying that their retention of title on items not yet paid for will serve as security for the amount owing.
This is rather complex legally, and one effect is that legal claims/rights are transferred from the individual items to an abstract claim on the net balance. This in turn is why standard AGBs insist on keeping retention of title for individual items (or all items taken together) despite 'Saldoziehung' or 'laufende Rechnung'.
Here, in keeping with that, they're saying that their retention of title on items not yet paid for will serve as security for the amount owing.
4 KudoZ points awarded for this answer.
Comment: "Thanks, Kieran, and all who tried."
35 mins
claims resulting in an open balance
I have used this phrase many times
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