Glossary entry

German term or phrase:

Anzahlungsbankgarantie

English translation:

Down payment bank guarantee

Added to glossary by Chris Rowson (X)
Mar 27, 2002 10:12
22 yrs ago
2 viewers *
German term

Anzahlungsbankgarantie

German to English Bus/Financial Finance (general)
The formal document produced by the guaranteeing Bank, inconnection with a sales order.

"Nach den vereinbarten Bedingungen leistet der Besteller an den Auftragnehmer gegen Hinterlegung einer Bankgarantie eine Anzahlung in der Höhe von ..."
Change log

Jun 1, 2015 12:54: Steffen Walter changed "Field (specific)" from "(none)" to "Finance (general)"

Proposed translations

10 hrs
Selected

deposit

It means that, after the contractor obtains a bank guarantee (i.e. a performance guarantee) from his bank, the customer/client will provide a deposit in the amount of XXXX.



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Note added at 2002-03-27 20:58:46 (GMT)
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So:
\"In accrodance with the agreed terms, the customer will provide the contractor, upon presentation of a bank guarantee by the latter, with a deposit in the amount of . . .\"

HTH

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Note added at 2002-03-28 00:32:51 (GMT)
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Further thoughts:
I\'m unable to find Anzahlungsbankgarantie as a composite term; as far as I know, the proper term is simply \"bank guarantee.\" I did find several instances where \"deposit/bank guarantee\" was used to indicate that there was a choice between providing a cash deposit or a bank guarantee.
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2 KudoZ points awarded for this answer. Comment: "Thanks! What solves this for me is knowing that it´s not a standard term. The source document was somewhat odd, and not of the finest, so I made a corresponding literal translation."
5 mins

bank payment guarantee

.
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2 hrs

downpayment against bank guarantee/letter of credit (or letter of guarantee)

Anzahlung leisten BANK make a down payment (or downpayment), make an advance payment, VW make a down payment

Bankgarantie n sg f (Wirt/Jur) {Erkl} die Bank bürgt für Liquidität letter of guarantee (Wirt/Jur) (from a bank), bank letter of credit (US)

Bankgarantie f BANK bank guarantee

My shot

HTH
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7 hrs

paydown bank guarantee

I hope this helps
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