English translation: Principal of home loan and savings contracts
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“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.
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).”
See citations above
Fuad Yahya Native speaker of: Arabic, English PRO pts in pair: 128