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nicht rechtsfähiges Sondervermögen

English translation: special Federal fund without independent legal personality

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:nicht rechtsfähiges Sondervermögen
English translation:special Federal fund without independent legal personality
Entered by: Jutta Scherer

17:08 Jan 10, 2007
German to English translations [PRO]
Bus/Financial - Investment / Securities / protection for investors
German term or phrase: nicht rechtsfähiges Sondervermögen
Die ... ist als nicht rechtsfähiges Sondervermögen des Bundes bei der Kreditanstalt für Wiederaufbau errichtet worden

The translation that seems to offer itself is * non legally resonsible fund asset /special asset of the German Government* However, * non-legally responsible* is hardly what one might call confidence inspiring for an entity which is supposed to offering protection for investors! Is there another term?
John Wellesly Helliwell
Italy
Local time: 07:04
special Federal fund without independent legal personality
Explanation:
Found this on the site mentioned below - context seems to fit, too
Selected response from:

Jutta Scherer
Germany
Local time: 07:04
Grading comment
Thanks, Jutta. This seems to be about the nearest one can get - though what the Dickens an independent legal personality means in real terms remains obscure and I think - if it means what I thinks it means - could and should be expressed more clearly both in German and in English.
4 KudoZ points were awarded for this answer



Summary of answers provided
4special fund without (separate) legal personality
Reinhard Wenzel
4special Federal fund without independent legal personality
Jutta Scherer
2nonappropriated funds
Simon Hase (X)


  

Answers


2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
special fund without (separate) legal personality


Explanation:
-

Reinhard Wenzel
Local time: 07:04
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 12
Notes to answerer
Asker: Thanks also to you Reinhard. The reference decided the awarding of the points.

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2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
special Federal fund without independent legal personality


Explanation:
Found this on the site mentioned below - context seems to fit, too


    Reference: http://eiop.or.at/eiop/texte/1998-003.htm
Jutta Scherer
Germany
Local time: 07:04
Native speaker of: German
PRO pts in category: 4
Grading comment
Thanks, Jutta. This seems to be about the nearest one can get - though what the Dickens an independent legal personality means in real terms remains obscure and I think - if it means what I thinks it means - could and should be expressed more clearly both in German and in English.
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1 day 11 hrs   confidence: Answerer confidence 2/5Answerer confidence 2/5
nonappropriated funds


Explanation:
this brings to minds a term used by the US military/government.

Nonappropriated funds are something like special funds that have no specific purpose or fewer spending restrictions. As in, they were not appropriated by congress.

The ... was established as a non-appropriated funds account of the Federal government with (administered by??) the Lending Institution for Reconstruction.


    Reference: http://usmilitary.about.com/od/glossarytermsn/g/n4330.htm
Simon Hase (X)
United States
Local time: 22:04
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
Notes to answerer
Asker: Thanks, Simon. I also thought of something like - not legally bound or not legally confined to specific aims/purposes etc. but these expressions, in my context, don't seem to make much real sense either.

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