Glossary entry (derived from question below)
German term or phrase:
Vorfälligkeitsentschädigung
English translation:
prepayment compensation
Added to glossary by
Friderike Butler
Nov 21, 2005 03:09
18 yrs ago
13 viewers *
German term
United States
Language Expert(s) at Your Service
Native in: German
Works in: German to English, English to German
Vorfälligkeitsentschädigung
German to English
Bus/Financial
Law: Contract(s)
Gardens
Paragraph of offer letter:
Wird der Kaufvertrag gekuendigt, so ergeben sich (zzgl. zu den vorgenannten Zahlungen/Kuendigungskosten an XXX) Zahlungsverpflichtungen an YYY in Hoehe der Rueckzahlung der Anzahlung plus 20% im Zeitraum bis zum 30.April 2006, und nach dem 30.April 2006 Rueckzahlung der gesamten Anzahlung plus 15% (in beiden Faellen zzgl. **Vorfaelligkeitsentschaedingung**).
No further reference in the remainder of the letter.
I didn't even find one google hit on this term and I can't figure out what is meant here.
Help!!
Wird der Kaufvertrag gekuendigt, so ergeben sich (zzgl. zu den vorgenannten Zahlungen/Kuendigungskosten an XXX) Zahlungsverpflichtungen an YYY in Hoehe der Rueckzahlung der Anzahlung plus 20% im Zeitraum bis zum 30.April 2006, und nach dem 30.April 2006 Rueckzahlung der gesamten Anzahlung plus 15% (in beiden Faellen zzgl. **Vorfaelligkeitsentschaedingung**).
No further reference in the remainder of the letter.
I didn't even find one google hit on this term and I can't figure out what is meant here.
Help!!
Proposed translations
(English)
| 4 | prepayment compensation |
Teresa Reinhardt
|
| 5 | prepayment penalty |
Richard Hall
|
| 4 | prematurity compensation payment |
Parzival
|
Change log
Nov 21, 2005 09:16: Marcus Malabad changed "Term asked" from "Vorfaelligkeitsentschaedigung" to "Vorf�lligkeitsentsch�digung"
Proposed translations
30 mins
Teresa Reinhardt
United States
United States
Native in German
&
English
Specializes in field
United States
Known for top notch work, on time
Native in: German (Variant: Germany) 
, English (Variant: US)
Works in: German to English, English to German, English, and 1 more.
Related KudoZ points
:
262
German term (edited):
Vorfaelligkeitsentschaedigung
Selected
prepayment compensation
prepayment is the early repayment of loans/mortgages, etc.
compensation may be requested because the creditor will be missing out on interest payments s/he would have received if X would not have been paid back early
(if you Google for prepayment penalty, you'll find more)
compensation may be requested because the creditor will be missing out on interest payments s/he would have received if X would not have been paid back early
(if you Google for prepayment penalty, you'll find more)
4 KudoZ points awarded for this answer.
Comment: "Thank you!"
3 hrs
German term (edited):
Vorfaelligkeitsentschaedigung
prematurity compensation payment
acc to Pons
4 hrs
Richard Hall
United States
United States
Native in English
Specializes in field
United States
Experienced Investment Banker
Native in: English
Works in: Italian to English, German to English
Related KudoZ points
:
15
German term (edited):
Vorfaelligkeitsentschaedigung
prepayment penalty
is the standard English language term
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