Glossary entry (derived from question below)
German term or phrase:
Deckungsstock
English translation:
cover fund
Added to glossary by
Douglas Arnott
Dec 4, 2008 20:08
15 yrs ago
7 viewers *
German term
German>English, Hungarian>English
Native in: English 
Works in: German to English, Hungarian to English, English to Hungarian
Deckungsstock
German to English
Bus/Financial
Insurance
Grundsätzlich gilt: Jeder Lebensversicherer hat gemäß § 20 (3) Versicherungsaufsichtsgesetz (VAG) für die jederzeitige Erfüllbarkeit der Versicherungsverträge Rückstellungen zu bilden. Rückstellungen müssen – sofern im Versicherungsvertrag ein Sparprozess beinhaltet ist – durch Vermögenswerte stets voll bedeckt sein. Diese Vermögenswerte werden im sogenannten Deckungsstock zusammengefasst.
The text deals with the security of investments in life insurance. I know Deckungsstock has come up in questions before but I'm not sure the context is the same here.
The text deals with the security of investments in life insurance. I know Deckungsstock has come up in questions before but I'm not sure the context is the same here.
Proposed translations
(English)
| 5 | capital sum for annuity payments |
Peter Downes
|
| 4 | premium rserve stock |
Jon Fedler
|
Proposed translations
30 mins
Peter Downes
Germany
Germany
Native in English
Works in field
Germany
Because English should be easy...
Native in: English (Variant: British)
Works in: German to English, English to German, English, and 2 more.
Related KudoZ points
:
6
Selected
capital sum for annuity payments
Deckungsstock is a fund that is set up for "Rentenleistungen", it`s almost like a safety net /fond
2 KudoZ points awarded for this answer.
Comment: "The client in the end preferred "cover fund". Thanks for your suggestion."
13 hrs
Jon Fedler
Native in English
Works in field
Strong Law + Business+Tech Background
Native in: English
Works in: German to English, Hebrew to English
Related KudoZ points
:
34
premium rserve stock
from Romain/Byrd Thelecke. Also 185 g-hits
(incl from site below below):Monthly check of investment
The new Riester retirement provision package STRATEGIE No. 1 has even more advantages than the regular positive features of a Riester pension. Only the capital necessary for the specified performance is invested in a security-oriented conventional premium reserve stock. The rest goes into a fund. Every month Aachen Münchener checks whether the ratio security-oriented / fund investment is still acceptable. This way, via the fund price the interest rate, the stock market development, the remaining policy period and the paid-up capital are all influential parameters for the calculation. This elaborate process is the basis for a better rate of return. The bottom line is that more capital can be invested in high-yield investments.
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Note added at 19 hrs (2008-12-05 16:03:21 GMT)
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should read 'premium reserve stock'
(incl from site below below):Monthly check of investment
The new Riester retirement provision package STRATEGIE No. 1 has even more advantages than the regular positive features of a Riester pension. Only the capital necessary for the specified performance is invested in a security-oriented conventional premium reserve stock. The rest goes into a fund. Every month Aachen Münchener checks whether the ratio security-oriented / fund investment is still acceptable. This way, via the fund price the interest rate, the stock market development, the remaining policy period and the paid-up capital are all influential parameters for the calculation. This elaborate process is the basis for a better rate of return. The bottom line is that more capital can be invested in high-yield investments.
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Note added at 19 hrs (2008-12-05 16:03:21 GMT)
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should read 'premium reserve stock'
Example sentence:
www.AMB-Generali/de
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