Kündigungsrecht

English translation: early repayment option

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Kündigungsrecht
English translation:early repayment option
Entered by: Natalie Wilcock (X)

14:26 Oct 1, 2003
German to English translations [PRO]
Bus/Financial - Investment / Securities
German term or phrase: Kündigungsrecht
Sämtliche Darlehen, bei denen kein Kündigungsrecht vermerkt worden ist, sind unbeschadet der Rechte des Darlehensnehmers aus § 489 BGB beiderseits grundsätzlich unkündbar.

Loans with embedded call/put option?
Natalie Wilcock (X)
Local time: 23:37
early repayment option
Explanation:
...assuming that this really refers to loans, as opposed to debt securities.

Technically speaking, this is, of course, an embedded option, but the only way to properly terminate a loan is to repay it.
Selected response from:

Ralf Lemster
Germany
Local time: 23:37
Grading comment
This fits in this context.
Thanks.
3 KudoZ points were awarded for this answer



Summary of answers provided
3 +3early repayment option
Ralf Lemster
4redeemable feature
Edith Kelly
3 +1call right
Kim Metzger
4call option
Alexander Schleber (X)
4with no right of early cancellation endorsed/noted
KirstyMacC (X)


  

Answers


1 min   confidence: Answerer confidence 4/5Answerer confidence 4/5
redeemable feature


Explanation:
unter dem Stichwort "Darlehen" in
Der KLeine Eichborn

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Note added at 2003-10-01 14:29:10 (GMT)
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*call privilege*
*right to call for repayment*
according to Schäfer



Edith Kelly
Switzerland
Local time: 23:37
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
PRO pts in category: 63
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2 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
call right


Explanation:
According to Zahn for Anleihen.


    Bank und B�rsenwesen - Zahn
Kim Metzger
Mexico
Local time: 15:37
Native speaker of: Native in EnglishEnglish
PRO pts in category: 47

Peer comments on this answer (and responses from the answerer)
agree  vafo
7 hrs
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22 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +3
early repayment option


Explanation:
...assuming that this really refers to loans, as opposed to debt securities.

Technically speaking, this is, of course, an embedded option, but the only way to properly terminate a loan is to repay it.

Ralf Lemster
Germany
Local time: 23:37
Specializes in field
Native speaker of: German
PRO pts in category: 475
Grading comment
This fits in this context.
Thanks.

Peer comments on this answer (and responses from the answerer)
agree  KirstyMacC (X)
59 mins

agree  Ellen Zittinger
2 hrs

agree  EMatt
2 hrs
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31 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
call option


Explanation:
Ralf's "early repayment option" would be understood as a right for the lender.
A loan is called by the lendee (bank etc.), so IMO call option is the right term.



    Zahn
Alexander Schleber (X)
Belgium
Local time: 23:37
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
PRO pts in category: 22
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
with no right of early cancellation endorsed/noted


Explanation:
I was unaware that there can be a put/call on an ordinary loan of money. The term usually applies to shares, bonds and commodities.
Cancellation can be by either side: a call-in by the lender or cancellation by the borrower.

KirstyMacC (X)
Local time: 22:37
Native speaker of: Native in EnglishEnglish
PRO pts in category: 3
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