English translation: invest in interest-bearing assets eligible for the investment of ward money
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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:
mündelsicher und verzinslich anlegen
invest in interest-bearing assets eligible for the investment of ward money
German to English translations [PRO] Law/Patents - Investment / Securities / probate court
German term or phrase:mündelsicher anlegen
I know that Mündelsicherheit is trustee status, but how is it used as a verb?
These are from the probate court instructions to an appointed curator of an estate:
Im Weiteren ist der Nachlass ordnungsgemäß zu verwalten. Das Barvermögen ist mündelsicher und verzinslich anzulegen,
Sparbücher und Wertpapiere müssen von der Bank oder Sparkasse mit einem Sperrvermerk versehen werden.
Explanation: Might be a bit far afield, but it seems to fit with the trustee status.
due diligence is defined as:
The process of investigation, performed by investors, into the details of a potential investment, such as an examination of operations and management and the verification of material facts.
jccantrell United States Local time: 18:22 Native speaker of: English PRO pts in category: 8