Glossary entry

Deutsch term or phrase:

gegen Absicherung auf .... nach .....

Englisch translation:

as a deposit on

Added to glossary by Ramey Rieger (X)
Feb 22, 2011 10:39
13 yrs ago
Deutsch term

gegen Absicherung auf .... nach .....

Deutsch > Englisch Wirtschaft/Finanzwesen Immobilien/Grundstücke
Der Betrag von € 1,3 Mio. wird von der XXXXXX Beteiligung GmbH gegen Absicherung auf Haus 2 nach € 9,0 Mio. zur Verfügung gestellt.

Finding it hard to work out precisely what is meant here. Can anyone help? TIA.
Proposed translations (Englisch)
3 as a deposit on
2 by hedging .....for
Change log

Feb 23, 2011 11:55: Ramey Rieger (X) Created KOG entry

Discussion

Faye Bennett Feb 22, 2011:
Security for a loan? It would be helpful to see more of the source text, but does this not mean that XXXXX GmbH is making the € 1.3 million available using house 2 as security?

Proposed translations

1 Stunde
Selected

as a deposit on

I hope this is right
Something went wrong...
3 KudoZ points awarded for this answer. Comment: "Thanks to everyone for their suggestions. Have gone for "security"."
44 Min.

by hedging .....for

no expert, but words to that effect
Something went wrong...
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