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Gesamttreuhandgut

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08:52 Mar 11, 2008
This question was closed without grading. Reason: Other

German to English translations [PRO]
Bus/Financial - Law: Contract(s) / Treuhandvertrag
German term or phrase: Gesamttreuhandgut
hello,
can anyone think of a better translation than
trust sum / trust amount

context:
"Die Käufer haben bei Eintritt bestimmer Bedingungen einen Betrag in der Höhe von EUR X (Gesamttreuhandgut) auf dem Konto Y zu hinterlegen."

thx
MH
Marc Heinitz
Local time: 17:40
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Summary of answers provided
4 +1total escrow amount (total amount held in escrow)
mary austria
4 +1the total possession to be privatized
Andre Conradie
4aggregate (GB: deposit-stakeholder) trust fundxxxAdrian MM.
4s.u.KARIN ISBELL


Discussion entries: 5





  

Answers


26 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
Treuhandgut Gesamttreuhandgut
the total possession to be privatized


Explanation:
Some background!
1. Rechtliche Grundlagen

Am 1.3.1990 beschloss der Ministerrat der DDR die Gründung der "Anstalt zur treuhänderischen Verwaltung des Volkseigentums" (THA). Nach dem Willen der Regierung Modrow sollte die THA das Volkseigentum wahren und im Interesse der Allgemeinheit verwalten. Wirtschaftsleitende Funktionen sollte die THA nicht ausüben. Die Haupttätigkeit der "Ur-Treuhand" bestand in der Entflechtung von Kombinaten und der Umwandlung der Nachfolgeunternehmen in Kapitalgesellschaften. Diese Aufgabe war bis Juni 1990 erst zum kleinen Teil abgeschlossen. Die Regierung de Maizière begann mit der Restitution von überwiegend kleineren Unternehmen, deren Eigentümer 1972 enteignet worden waren. Im Juni 1990 hatte die "Ur-Treuhand" 143 Planstellen; sie waren fast ausschließlich durch Personen besetzt, die vorher in den Fachministerien und im Finanzministerium der DDR gearbeitet hatten. Am 17.6. 1990 beschloss die Volkskammer das Treuhandgesetz, das die Regierung de Maizière in enger Kooperation mit der Bundesregierung entworfen hatte.




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Note added at 29 mins (2008-03-11 09:21:51 GMT)
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Because it has or had to do with the privatization of state-owned property, I opted for property as capitalistic term. Possession would also do. These were then put into a "trust" - so, your idea is not entirely wrong either.

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Note added at 30 mins (2008-03-11 09:23:25 GMT)
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I did choose possession in the end! Property would also do just fine! Sorry!


    Reference: http://www.bpb.de/wissen/02572031752394950135204654630408,0,...
Andre Conradie
Germany
Local time: 17:40
Specializes in field
Native speaker of: Native in EnglishEnglish
Notes to answerer
Asker: thx - can't give points really to anyone because I think all of the answers are right depending on context thx a lot MH


Peer comments on this answer (and responses from the answerer)
agree  babli: agree
4 mins
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6 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
s.u.


Explanation:
'trust property = Treuhandgut' laut Dietl/Lorenz u. Romain.
It stands to reason that 'Gesamttreuhandgut' then would then translate into or 'total trust property'

KARIN ISBELL
United States
Local time: 08:40
Works in field
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
PRO pts in category: 23
Notes to answerer
Asker: thx.. now I have a problem... I've been translating "Liegenschaft" as property for this contract up to now and was looking for another option... hmmmm

Asker: thx - can't give points really to anyone because I think all of the answers are right depending on context thx a lot MH

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9 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
total escrow amount (total amount held in escrow)


Explanation:
"Property" for Liegenschaft is fine, but you could also use "real property." Grüße!

mary austria
Local time: 17:40
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 62
Notes to answerer
Asker: thx... very good.. is in fact a Viennese contract ;-)

Asker: thx - can't give points really to anyone because I think all of the answers are right depending on context thx a lot MH


Peer comments on this answer (and responses from the answerer)
agree  philippid
3 hrs
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2 days13 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
aggregate (GB: deposit-stakeholder) trust fund


Explanation:
Escrow is US for conveyancing reg. and UK for deposit of docs.

Stakeholder is UK for property deposit money held on a/c for the buyer or seller, depending.




Example sentence(s):
  • insurer writing workers’ compensation insurance shall deposit into the aggregate trust fund (ATF) established. under the Workers’ Compensation Law an amount ...
  • The seller's solicitor holds the deposit independently, as 'stakeholder', and ensures it is paid out to the seller only after completion, or repaid to the ...

    Reference: http://www.ins.state.ny.us/r_emergy/pdf/re119a1t.pdf
    Reference: http://www.swarb.co.uk/lawb/cvrDeposits.shtml
xxxAdrian MM.
Local time: 17:40
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 572
Notes to answerer
Asker: thx - can't give points really to anyone because I think all of the answers are right depending on context thx a lot MH

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Changes made by editors
Mar 11, 2008 - Changes made by Steffen Walter:
Term askedTreuhandgut Gesamttreuhandgut » Gesamttreuhandgut


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