Kreditverwertungsgesellschaften

English translation: Debt recovery agency

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Kreditverwertungsgesellschaften
English translation:Debt recovery agency
Entered by: Steffen Pollex (X)

10:31 Oct 9, 2006
German to English translations [PRO]
Bus/Financial - Economics
German term or phrase: Kreditverwertungsgesellschaften
Debt Managment Agencies? Debt Restructuring?
Steffen Pollex (X)
Local time: 12:29
Debt recovery agency
Explanation:
but I ma not sure about

a sentence may help



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Note added at 5 hrs (2006-10-09 15:54:06 GMT)
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the first part of the sentence (Schlechte Rückzahlungsquoten wurden in Kauf genommen, bis mit der Gründung ...) may me believe that they are talking about debt collection companies or debt recovery companies.

http://www.debtrecovery.co.nz/
Selected response from:

DesposEl
Switzerland
Local time: 12:29
Grading comment
Thank you! Probably the most appropriate term in the given context.
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1collecting societies also see below
Camilla Seifert
4Factoring companies
Alison Schwitzgebel
2Debt recovery agency
DesposEl


Discussion entries: 2





  

Answers


32 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
collecting societies also see below


Explanation:
I found *Verwertungsgesellschaften* translated as meaning in UrhR - performing rights societies (e.g. GEMA) and also *collecting societies*. Further *Verwertungsrecht* as exploitation right.
I hope this points you in the right direction. If you have a sentence, we could have a better idea of the context.

Camilla Seifert
South Africa
Local time: 12:29
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
PRO pts in category: 12

Peer comments on this answer (and responses from the answerer)
agree  DesposEl
4 hrs
Login to enter a peer comment (or grade)

40 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
Factoring companies


Explanation:
Hi! I think these are most likely factoring companies. Check out this definition of factoring:

"factoring
Definition

The selling of a company's accounts receivable, at a discount, to a factor, who then assumes the credit risk of the account debtors and receives cash as the debtors settle their accounts. also called accounts receivable financing. "

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Note added at 3 hrs (2006-10-09 14:22:49 GMT)
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Thanks for the context. It certainly sounds like factoring to me.


    Reference: http://www.investorwords.com/1873/factoring.html
Alison Schwitzgebel
France
Local time: 12:29
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
PRO pts in category: 39

Peer comments on this answer (and responses from the answerer)
neutral  DesposEl: the first part of the sentence implies the collection of bad debts ....
4 hrs
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39 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5
Debt recovery agency


Explanation:
but I ma not sure about

a sentence may help



--------------------------------------------------
Note added at 5 hrs (2006-10-09 15:54:06 GMT)
--------------------------------------------------

the first part of the sentence (Schlechte Rückzahlungsquoten wurden in Kauf genommen, bis mit der Gründung ...) may me believe that they are talking about debt collection companies or debt recovery companies.

http://www.debtrecovery.co.nz/

DesposEl
Switzerland
Local time: 12:29
Specializes in field
Native speaker of: Native in FrenchFrench, Native in ItalianItalian
PRO pts in category: 4
Grading comment
Thank you! Probably the most appropriate term in the given context.
Login to enter a peer comment (or grade)



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