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Bausparsumme

English translation: Principal of home loan and savings contracts

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Bausparsumme
English translation:Principal of home loan and savings contracts
Entered by: Dawn Montague
Options:
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20:58 Apr 11, 2001
German to English translations [PRO]
Bus/Financial
German term or phrase: Bausparsumme
Talking about a savings and loan:
"Der Vertragsbestand entwickelte sich auf 1,8 Millionen Vertraege und auf eine Bausparsumme mit einem Volumen von 60,7 Milliarden DM."
Dawn Montague
Local time: 17:35
Principal of home loan and savings contracts
Explanation:
(Zahn) or
Targeted amount of savings and loan money (H/W)
Selected response from:

Kevin Fulton
United States
Local time: 17:35
Grading comment
Thanks!
4 KudoZ points were awarded for this answer

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Summary of answers provided
naBauspar loan totalFuad Yahya
naPrincipal of home loan and savings contractsKevin Fulton


  

Answers


31 mins
Principal of home loan and savings contracts


Explanation:
(Zahn) or
Targeted amount of savings and loan money (H/W)

Kevin Fulton
United States
Local time: 17:35
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 435
Grading comment
Thanks!
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52 mins
Bauspar loan total


Explanation:
The Bauspar, being uniquely German, is usually not translated. Some explain the term by using the expression "building loan society." Here is some information on the system:

http://www.uni-hohenheim.de/~ebi/publikationen/bocconi.html

“The German Bauspar System is an important factor in the providing with housing, in capital formation, and in personal old age provisions... The private institutions operate mostly as joint-stock operations, and the public building societies, as a rule, are either divisions of public state banks or institutions incorporated under public law with legal entities on their own.

The characteristic of the German Bauspar System is the idea of a closed group. Pooled deposits (allocation fund) are fueld by savings and amortization payments of bauspar customers.

Author:
Stefan Bund
Europäisches Bausparinstitut
Universität Hohenheim (515)
70593 Stuttgart (Germany)
Phone (00) 49 711 459 32 83; Fax (00) 49 711 459 34 48”


As to the term in question, here is a citation that explains what it means:

http://www.gamecabinet.com/rules/Chalet.html

“Translation of the Cards:

The 'Bauspar' cards 'Guthaben' side (Credit side) Bausparsumme - The total amount of money you receive from the bank when you have deposited 40% of this total (covered all the circles on the Guthaben side).”

Fuad


    See citations above
Fuad Yahya
Native speaker of: Native in ArabicArabic, Native in EnglishEnglish
PRO pts in pair: 128
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