Glossary entry (derived from question below)
English term or phrase:
at take-on
English answer:
upon assumption of responsibility
Added to glossary by
Jenni Lukac (X)
Jul 30, 2009 15:39
15 yrs ago
English term
at take-on
English
Law/Patents
Law: Contract(s)
factoring agreement
Context:
This facility has been granted subject to a satisfactory exercise by the relationship manager at take-on.
What exactly does "at take-on" mean in this context? Thanks in advance.
This facility has been granted subject to a satisfactory exercise by the relationship manager at take-on.
What exactly does "at take-on" mean in this context? Thanks in advance.
Responses
| 3 +4 | assumption of responsibility |
Jenni Lukac (X)
|
| 3 | acceptation/approval |
Peter Moor
|
Change log
Aug 4, 2009 10:10: Jenni Lukac (X) Created KOG entry
Responses
+4
6 mins
Selected
assumption of responsibility
The statement is not very clear, but it appears to me that it refers to moment when the relationship "takes on" responsibility for the facility. "On" is an intensifier.
4 KudoZ points awarded for this answer.
Comment: "Thanks!"
8 mins
Peter Moor
United States
United States
Native in English
&
English
Works in field
United States
Get it right the first time
Native in: Dutch 
, English
Works in: Dutch to English, Flemish to English, English to Dutch, and 3 more.
acceptation/approval
In this context I am fairly sure that the granting of the facility has been approved pending approval by the relationship manager.
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Note added at 10 mins (2009-07-30 15:50:13 GMT)
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On second hand, I believe I am wrong. Jenni has a better answer to this one. Sorry.
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Note added at 10 mins (2009-07-30 15:50:13 GMT)
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On second hand, I believe I am wrong. Jenni has a better answer to this one. Sorry.
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