Glossary entry (derived from question below)
Jan 10, 2012 12:36
12 yrs ago
7 viewers *
German term
ablösen
German to English
Bus/Financial
Insurance
Die Kreditgeber verpflichten sich untereinander, die Kredite gem. § 1 für die Dauer dieses Vertrages aufrechtzuerhalten und Reduzierungen oder Streichungen nur in gegenseitigem Einvernehmen vorzunehmen. Dies gilt nicht für außerhalb des Pools gewährte Kredite. Vor einer beabsichtigten Kündigung solcher Kredite ist jedoch der andere Kreditgeber zu informieren. Zugleich ist ihm Gelegenheit zu geben, diese Kredite abzulösen.
This is from a security pooling agreement. The last sentence is causing a problem - it doesn't seem to make sense. What 'diese Kredite' refer to and what does ablosen mean exactly? Thanks for any suggestions.
This is from a security pooling agreement. The last sentence is causing a problem - it doesn't seem to make sense. What 'diese Kredite' refer to and what does ablosen mean exactly? Thanks for any suggestions.
Proposed translations
(English)
4 +1 | redeem (a loan) | Yuri Dubrov |
Proposed translations
+1
22 mins
Selected
redeem (a loan)
redeem = pay off (loans)
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Note added at 27 Min. (2012-01-10 13:04:08 GMT)
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possible also through refinacing /borrowing money somewhere else to pay off this loan
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Note added at 1 Stunde (2012-01-10 14:25:07 GMT)
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borrowing money from somewhere else
seems better
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Note added at 27 Min. (2012-01-10 13:04:08 GMT)
--------------------------------------------------
possible also through refinacing /borrowing money somewhere else to pay off this loan
--------------------------------------------------
Note added at 1 Stunde (2012-01-10 14:25:07 GMT)
--------------------------------------------------
borrowing money from somewhere else
seems better
4 KudoZ points awarded for this answer.
Comment: "thanks."
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