Haftungsrücklass
English translation: Guarantee retention
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| 03:10 Mar 19, 2002 |
| German to English translations [PRO] Bus/Financial | |||||||
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|  Selected response from: Chris Rowson (X) Local time: 15:19 | ||||||
Grading comment
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| Summary of answers provided | ||||
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| 4 +1 | Guarantee retention |
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| 5 | Warranty bond. |
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| 4 | performance bond |
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| 4 | liability retention |
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| 4 | warranty (or liability) reserve |
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| 4 | bond for warranty claims |
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| Discussion entries: 1 | |
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Answers
8 mins confidence: 
performance bond Explanation: . . . is my first guess. -------------------------------------------------- Note added at 2002-03-19 03:23:53 (GMT) -------------------------------------------------- \"Bid bond\" is another that comes up - http://www.anz.com/business/international_trade/INT_bidperfb... Many Google hits for both. -------------------------------------------------- Note added at 2002-03-19 03:29:50 (GMT) -------------------------------------------------- On second thought, it\'s probably just a \"hold-back.\" -------------------------------------------------- Note added at 2002-03-19 03:37:58 (GMT) -------------------------------------------------- A link for \"hold-back\" http://www.ci.detroit.mi.us/consumeraffair/consumer_tips_hom... (see 8. under contracts) |
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1 hr confidence: peer agreement (net): +1
peer agreement (net): +1Guarantee retention Explanation: This appears to be an exclusively Austrian practice. In English/American practice it is more usual (in my experience) to handle the requirement either with a performance bond, or by specifying staged payments in the contract, for which separate invoices are raised as amounts become due. Bank guarantee also comes into consideration. So I´m not sure whether there is an established English equivalent. But it seems to me to be a retention. "Haftung" normally "liability" of course, but "liability retention" seems nonsense to me. The purpose is a guarantee, which Eve has mentioned, so I suggest "guarantee retention". -------------------------------------------------- Note added at 2002-03-21 04:56:19 (GMT) Post-grading -------------------------------------------------- I would not use \"bond\" for this. It is a bond in the general sense, but one can hardly use this general sense in a financial context, because of the very common practice of issuing bonds as separate security transactions. |
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Grading comment
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5 hrs confidence:
liability retention Explanation: This is my guess, because Haftung is liability |
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10 hrs confidence:
warranty (or liability) reserve Explanation: literal |
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11 hrs confidence:
Warranty bond. Explanation: Implicit. |
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21 hrs confidence:
bond for warranty claims Explanation: Haft(ungs)rücklass (A) bond for warranty claims www.hartl.at/files/evh_lexicon.doc I found this through a google search on Rücklass! Reference: http://www.hartl.at/files/evh_lexicon.doc |
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