Glossary entry

German term or phrase:

Rangrücktrittskonto

English translation:

subordination account

Added to glossary by Steffen Walter
Apr 1, 2002 01:01
22 yrs ago
German term

Verbindlichkeit Girokonto/Rangrücktrittskonto

German to English Bus/Financial Finance (general)
context: a list of liabilities (with amounts) that make up the item "Verbindlichkeiten gegenüber Kreditinstituten" in a company's balance sheet.

"Delbrück & Co.
Verbindlichkeit Girokonto
Verbindlichkeit Rangrücktrittskonto (unverzinslich)"

I assume Verbindlichkeit Girokonto means a checking account debt (or perhaps debit balance?), but what is a Rangrücktrittskonto?

TIA, Beth
Proposed translations (English)
4 subordination account
Change log

Jul 5, 2005 10:50: Steffen Walter changed "Term asked" from "Verbindlichkeit Gironkonto/Rangr�cktrittskonto" to "Verbindlichkeit Girokonto/Rangr�cktrittskonto" , "Field (specific)" from "(none)" to "Finance (general)"

Proposed translations

1 hr
Selected

subordination account

Woyode translates subordination agreement as Rangrücktrittsvereinbarung.
The site below gives this definition of

SUBORDINATION AGREEMENT

A written agreement between holders of liens on a property that changes the priority of mortgage, judgment and other liens under certain circumstances.



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Note added at 2002-04-01 02:31:56 (GMT)
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Wörterbuch Rechnungslegung und Steuern - Woyode
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4 KudoZ points awarded for this answer. Comment: "Thanks, Kim!"
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