Glossary entry

German term or phrase:

à-conto-Zahlung

English translation:

payment on account

Added to glossary by Kim Metzger
Mar 3, 2005 02:32
19 yrs ago
7 viewers *
German term

à-conto-Zahlung

German to English Bus/Financial Business/Commerce (general) money laundering
Anfragen mit der Bitte um Identifizierung
Sollten dritte Institute an uns herantreten und eine Identifizierung bei inländischen unbaren Überweisungen (à-conto-Zahlung) verlangen, ist dies in der Regel abzulehnen. Sollte eine derartige Anfrage jedoch auf einem Geldwäscheverdacht basieren, ist unverzüglich CC Compliance Finanzermittlungen einzuschalten.

Proposed translations

+3
15 mins
German term (edited): �-conto-Zahlung
Selected

payment on account

I was unfamiliar with the term, but I have two concurring matches:

Dietl/Lorenz Deutsch-Englisch : Akontozahlung = payment on account
LEO: a Konto = on account

It seems to involve payments initiated by or on behalf of a third party.

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Note added at 16 mins (2005-03-03 02:49:11 GMT)
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or more succinctly: by or on behalf of an unknown party.
Peer comment(s):

agree Tamara Ferencak
4 hrs
agree JeffFish (X) : That must be it, although I'm suprised to see it in this context. It generally implies advance payment (i.e. before the billing date) to a regular supplier/contractor
4 hrs
agree avantix : JeffZ is right; I'm familiar with the term. It's normally used for advance (down)payment - not necessarily by an "unknown" party, could be a regular contact as well. However, also according to Klett/Collins Dict. this should be the correct term.
5 hrs
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4 KudoZ points awarded for this answer. Comment: "Many thanks to Michael and lenzer for his explanation. I think this will work for my context."
12 hrs
German term (edited): �-conto-Zahlung

undefined payment

i believe it means mainly the transfer of money from one account to another, without using cash. In austria, the term used implies a 'down payment' or 'partial payment', or an undefined payment 'against the payers' account'.

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Note added at 13 hrs 57 mins (2005-03-03 16:29:54 GMT)
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CORRECTION: undefined payment is alright, but \'TO THE ACCOUNT OF THE PAYEE/RECEIVER\' is missing and needs to be added to get the message across. (\'against the payers\' account\' isn\'t wrong but it\'s beside the point.) sorry for the blunder!!!
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