Dec 19, 2012 13:38
11 yrs ago
German term

rückgriffsfreie Wege

German to English Bus/Financial Law: Contract(s)
Es sollten stets rückgriffsfreie (besonders im Insolvenzfalle) Wege vereinbart werden.

This is a term from a guideline on trade credit. It comes under the heading "Zahlungsverkehr" and is preceded by the following:

Es sind Standard-Zahlungswege definiert, die mit den Kunden vereinbart werden können. Das Unternehmen hat zu definieren, welche Zahlungswege (Überweisung, Scheck, Lastschrift im Einzugsverfahren, Wechsel etc.) grundsätzlich mit den Kunden vereinbart werden können.

I'm fairly certain that the "rückgriffsfrei" part means "non-recourse", but I'm struggling to come up with a complete translation for the term.

Proposed translations

+2
3 hrs
Selected

non-disputable/non-reversable payment options

If a service provider offers you these - run!
Peer comment(s):

agree Johanna Timm, PhD : genau :-)"Wege" bezieht sich auf Zahlungswege
19 mins
Danke, Johanna.
agree gangels (X) : by extension, it's no more than a binding (unalterable) method of payment
1 day 20 hrs
Thanks, gangels.
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4 KudoZ points awarded for this answer. Comment: "Selected automatically based on peer agreement."
8 mins

non-recourse ways

Non-recourse ways are always (supposed) to be agreed ...

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Note added at 14 mins (2012-12-19 13:53:34 GMT)
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http://www.shalelee.com/latest/?p=210

"...It is a beneficial non-recourse way for you to produce fast money without the need for any of your own credit or even money. ..."

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Note added at 21 mins (2012-12-19 13:59:50 GMT)
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http://www.fiveohsix.info/quick-loan.html

"...While arguments became, the countries who saw the non-recourse ways renamed able savings and caused withdrawal to the computers. ..."
Peer comment(s):

neutral AllegroTrans : Your 2nd reference is highly suspect; not only is it rubbish English but the link leads to an even more suspect site
1 hr
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1 hr

Non-recourse (bad debt) protection

Bad Debt Protection


Whatever Invoice Finance product you choose for your business, it’s possible to add Bad Debt Protection to it for added peace of mind. Often called ‘non-recourse’ it gives you protection from the risk of suffering a bad debt from your customers’ insolvency or inability to pay.

How does it work?



In the unfortunate event that a customer becomes insolvent or can’t pay, we will make a claim on your behalf to recover the loss. We’ll manage the whole process, so you are freed from the burden of the administration required
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1 hr

measures without recourse

:wording

measures involving no possibility of recourse (I would prefer, if a longer term is possible here) Hope this is helpful
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