Glossary entry

German term or phrase:

nachschüssig

English translation:

payable in arrears

Added to glossary by Ralf Lemster
Sep 30, 2004 16:08
19 yrs ago
2 viewers *
German term

nachschüssig

German to English Bus/Financial Finance (general)
Leasingrate nachschüssig pro Jahr

(Swiss German) payable retroactively? at the end of the year? I think there is a better term, but I seem to be blocking...
Proposed translations (English)
4 +4 payable in arrears
4 due and payable in ARREAR

Proposed translations

+4
5 mins
German term (edited): nachsch�ssig
Selected

payable in arrears

...meaning that the payment is due after the period for which it is made. (Obviously, the interest effect is discounted.)
Peer comment(s):

agree Niamh Mahony
12 mins
agree Christine Lam
1 hr
agree Steffen Walter : That's it!
1 hr
neutral KirstyMacC (X) : arrears changes the sense to a default.
5 hrs
It doesn't in this context - "in arrears" is an established concept in financial markets: check http://www.riskinstitute.ch/00011727.htm
agree Carl Sennett : Ralf is right. It's a stock phrase. See also comments on Counsel's suggestion below.
17 hrs
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4 KudoZ points awarded for this answer.
5 hrs

due and payable in ARREAR

One entry already in KudoZ glossary: 'payable in arrears' that suggests whilst BEHIND with the rent payments!


'Example 2 Suppose a UK resident corporate landlord owns a UK property. Rent of £20m under a lease of the property is *payable in arrear* on 31 December 1998. ... '
.htm
Peer comment(s):

neutral Carl Sennett : It's true to say that "in arrears" in the context of rental or mortgages means "having missed a payment" but there's always an "S" on "arrears".
12 hrs
No. I am afraid not. See my ref. & 7,000+ Google hits for in arrear that is quite different in meaning from in arrears.
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