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|German to English translations [PRO]|
Bus/Financial - Finance (general)
|German term or phrase: Privateskompteure|
|This comes from an economics article about the history of the Austro-Hungarian empire's currency and the transistion to a fully convertible currency (one backed by gold). The article was written in 1908, and is being translated along with all of Ludwig von Mises' work by Hillsdale College, where there is a von Mises chair of economics. |
This section deals with bill backing and extensions of credit from Austria abroad, and from foreign investors into Austria. However, the Austrian capitalists have an advantage over their foreign counterparts, in that they can judge the creditworthiness of Hungarian credit institutions and take advantage of the difference in discount rates within the two parts of the empire.
Für diese Anlagen genießen die österreichischen Kapitalisten ein Monopol, da sie allein imstande sind, die Kreditfähigkeit der betreffenden **Privateskompteure** und Institute zu beurteilen.
Von Mises is 'very' fond of using Germanified French terms, and I suspect that this is another. However, I haven't been able to figure out the French root, either. If anyone can point me in that direction, then I can work out the English from there.
|English translation:Discount Private Investor|
French: escompte - Discount, escompter - to discount, banquier escompteur - discount banker,
There is no good English word for the German word 'Privatier', so the closest ist 'Private Investor'.
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|Many thanks for solving my French-German problem. |
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