Glossary entry (derived from question below)
Dutch term or phrase:
afkopen (v.e. bankspaarrekening)
English translation:
buy out (e.g. a bank savings/building society account)
Added to glossary by
Emma Rault (X)
Sep 2, 2015 19:39
8 yrs ago
3 viewers *
Dutch term
afkopen (v.e. bankspaarrekening)
Dutch to English
Bus/Financial
Real Estate
Het gaat hier om een bankspaarhypotheek.
Voorbeeldzin: "Afkopen van de spaarrekening is mogelijk indien het saldo wordt afgelost op de lening."
In an insurance context, the word "surrender" is used, but there's no actual insurance policy as such linked to the mortgage in this case, so I'm not quite sure that works. "Cash in", maybe? My online research isn't getting me much further, as I can't find any mentions of this specific situation. Does anyone here have any ideas?
Voorbeeldzin: "Afkopen van de spaarrekening is mogelijk indien het saldo wordt afgelost op de lening."
In an insurance context, the word "surrender" is used, but there's no actual insurance policy as such linked to the mortgage in this case, so I'm not quite sure that works. "Cash in", maybe? My online research isn't getting me much further, as I can't find any mentions of this specific situation. Does anyone here have any ideas?
Proposed translations
(English)
| 3 | buy out (e.g. a bank savings/building society account) |
Adrian MM. (X)
|
| 4 | Redemption |
Dave Greatrix
|
Proposed translations
2 hrs
Selected
buy out (e.g. a bank savings/building society account)
I agree with Michael B, but neither pay off, nor redeem for an account - only the of the mortgage itself.
4 KudoZ points awarded for this answer.
Comment: "Perfect, thank you!"
18 mins
Dave Greatrix
United Kingdom
United Kingdom
Native in English
United Kingdom
Dutch to English Technical Translator
Native in: English
Works in: Dutch to English, Flemish to English
Related KudoZ points
:
20
Redemption
Note from asker:
| See Adrian's comment below: it's the mortgage that's being redeemed, but in this case it's about the exact machinations involved, which is what happens to the product (a bank savings account) pledged to the mortgage provider, and it's about specifically making clear this happens *prior to* the maturity date--it's about how to get out of a fixed-term savings account early. |
Discussion
or maybe just "pay off"