ablösen

English translation: redeem (a loan)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:ablösen
English translation:redeem (a loan)
Entered by: FishX

12:36 Jan 10, 2012
German to English translations [PRO]
Bus/Financial - Insurance
German term or phrase: ablösen
Die Kreditgeber verpflichten sich untereinander, die Kredite gem. § 1 für die Dauer dieses Vertrages aufrechtzuerhalten und Reduzierungen oder Streichungen nur in gegenseitigem Einvernehmen vorzunehmen. Dies gilt nicht für außerhalb des Pools gewährte Kredite. Vor einer beabsichtigten Kündigung solcher Kredite ist jedoch der andere Kreditgeber zu informieren. Zugleich ist ihm Gelegenheit zu geben, diese Kredite abzulösen.

This is from a security pooling agreement. The last sentence is causing a problem - it doesn't seem to make sense. What 'diese Kredite' refer to and what does ablosen mean exactly? Thanks for any suggestions.
FishX
Poland
Local time: 21:40
redeem (a loan)
Explanation:
redeem = pay off (loans)

--------------------------------------------------
Note added at 27 Min. (2012-01-10 13:04:08 GMT)
--------------------------------------------------

possible also through refinacing /borrowing money somewhere else to pay off this loan

--------------------------------------------------
Note added at 1 Stunde (2012-01-10 14:25:07 GMT)
--------------------------------------------------

borrowing money from somewhere else
seems better
Selected response from:

Yuri Dubrov
Russian Federation
Local time: 23:40
Grading comment
thanks.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1redeem (a loan)
Yuri Dubrov


  

Answers


22 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
redeem (a loan)


Explanation:
redeem = pay off (loans)

--------------------------------------------------
Note added at 27 Min. (2012-01-10 13:04:08 GMT)
--------------------------------------------------

possible also through refinacing /borrowing money somewhere else to pay off this loan

--------------------------------------------------
Note added at 1 Stunde (2012-01-10 14:25:07 GMT)
--------------------------------------------------

borrowing money from somewhere else
seems better

Yuri Dubrov
Russian Federation
Local time: 23:40
Works in field
Native speaker of: Russian
PRO pts in category: 4
Grading comment
thanks.

Peer comments on this answer (and responses from the answerer)
agree  philgoddard: This is easily found in the dictionary. http://dict.leo.org/ende?lp=ende&lang=de&searchLoc=0&cmpType...
2 hrs
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search