Glossary entry

English term or phrase:

Factored Affiliate

German translation:

Factoring-Mitglied

Added to glossary by Alexander Schleber (X)
Jul 11, 2001 21:26
22 yrs ago
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English term

Factored Affiliate

English to German Bus/Financial Accounting
Accounts Receivable Factored Affiliate

No other context. This is a list of accounts.

Thanks for any help :-)

Angela

Any
Proposed translations (German)
0 Factoring-Mitglied

Proposed translations

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Selected

Factoring-Mitglied

Schwierig!
"factoring" ist der Forderungsankauf.
"affiliate" -> affiliated company = Mitglied (in einem Verbund).
An affiliate is usually an independent company that is a member of an association or perhaps a co-operative. Here it seems that the independent company is a member of an association that buys up their receivables. This means that the member receives the amount due, minus a service charge.
Factoring is also used in German and, since there is no direct charm available, I have combined bed with "Mitglied".
HTH
Reference:

Zahn

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4 KudoZ points awarded for this answer. Comment: "Thanks. This is a tough one, indeed. I had exhausted all my resources, and I had come to the same conclusion. Good to get a confirmation :-) Angela"
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