kwaliteitsrekening

English translation: a kind of trust account

13:41 Oct 24, 2004
Dutch to English translations [PRO]
Law/Patents - Real Estate
Dutch term or phrase: kwaliteitsrekening
speciale rekening waarover een notaris het beheer houdt totdat tot uitkering kan worden gekomen aan een partij. Hier betreft het een onroerende zaak.
Elisabeth
English translation:a kind of trust account
Explanation:
Dutch (Dunglish) sites refer to it as a 'quality account' but I think that is relatively meaningless in English and misleading in this context.

[PDF] QK183 Article five.qxd
File Format: PDF/Adobe Acrobat
... As a matter of good practice, funds might be disbursed through a designated account (kwaliteitsrekening) held by the Notary on behalf of both Mortgagor and ...
www.traverssmith.com/travers-pdfs/ Article%20five%20AXS.pdf

[PDF] ERPL_11_2.qxd
File Format: PDF/Adobe Acrobat
... As with Brumark, it is nevertheless advisable that the proceeds of the debts would be paid into a trust account (“kwaliteitsrekening”). ...
www.ingenta.com/isis/searching/Expand/ingenta?pub=infobike:... /kli/erpl/2003/00000011/00000002/02003013

Selected response from:

writeaway
Grading comment
thank you so much. I will opt for "designated account" as in this context it seems to be the most appropriate term.
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1a kind of trust account
writeaway


  

Answers


21 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
a kind of trust account


Explanation:
Dutch (Dunglish) sites refer to it as a 'quality account' but I think that is relatively meaningless in English and misleading in this context.

[PDF] QK183 Article five.qxd
File Format: PDF/Adobe Acrobat
... As a matter of good practice, funds might be disbursed through a designated account (kwaliteitsrekening) held by the Notary on behalf of both Mortgagor and ...
www.traverssmith.com/travers-pdfs/ Article%20five%20AXS.pdf

[PDF] ERPL_11_2.qxd
File Format: PDF/Adobe Acrobat
... As with Brumark, it is nevertheless advisable that the proceeds of the debts would be paid into a trust account (“kwaliteitsrekening”). ...
www.ingenta.com/isis/searching/Expand/ingenta?pub=infobike:... /kli/erpl/2003/00000011/00000002/02003013



writeaway
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 19
Grading comment
thank you so much. I will opt for "designated account" as in this context it seems to be the most appropriate term.

Peer comments on this answer (and responses from the answerer)
agree  KimvanLent
17 hrs
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