Mar 8, 2019 11:53
5 yrs ago
2 viewers *
German term
Markmässigkeit
German to English
Law/Patents
Law: Contract(s)
Charitable Foundations
Struggling to find a definition for this word anywhere, can anyone help?
Die Angemessenheit bzw. Markmässigkeit der erbrachten Dienstleistungen zu überprüfen liegt in der Verantwortung des Stiftungrates.
Many thanks
Die Angemessenheit bzw. Markmässigkeit der erbrachten Dienstleistungen zu überprüfen liegt in der Verantwortung des Stiftungrates.
Many thanks
Proposed translations
(English)
4 +2 | in line with market conditions | Michael Martin, MA |
3 +1 | arm's length nature / compliance with the arm's length principle | Steffen Walter |
References
See previous question | Steffen Walter |
Change log
Mar 8, 2019 13:22: Sebastian Witte changed "Field" from "Bus/Financial" to "Law/Patents"
Proposed translations
+2
6 hrs
Selected
in line with market conditions
The board of trustees is responsible for ensuring that services have been provided appropriately and in line with market conditions
Peer comment(s):
agree |
philgoddard
: We don't have much context, so we don't know what these services are, who is providing them, and whether they've already been provided or will be in the future. But I think this is the right idea. .
1 hr
|
The perennial problem. But you can only work with what you've been given.
|
|
agree |
Haigo Salow
: I agree.
2 hrs
|
Thank you, Haigo!
|
4 KudoZ points awarded for this answer.
Comment: "spot on, thanks very much for all the helpful suggestions"
+1
44 mins
German term (edited):
Marktmässigkeit
arm's length nature / compliance with the arm's length principle
See discussion and reference entries.
Peer comment(s):
agree |
A. & S. Witte
1 hr
|
neutral |
philgoddard
: I don't think anyone has provided evidence of this.
7 hrs
|
Reference comments
17 mins
Reference:
See previous question
... for "marktmäßig" at https://www.proz.com/kudoz/german-to-english/law-general/490... ;-)
Peer comments on this reference comment:
neutral |
philgoddard
: The previous question doesn't explain why marktmässig means arm's-length, or what an arm's-length contract is.
1 hr
|
Except that Jennifer (the asker) replied that the suggestion "hit the bill precisely". She should know, after all ...
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Discussion
https://www.iww.de/sb/gestaltungshinweis/stiftung-recht-haup...
...and the paragraph starting with "Aus gemeinnützigkeitsrechtlicher Sicht..." here:
http://www.gemeinnuetzigkeit.info/Seite/a_ausgliederung.html
I think it's about consulting work, but Laura needs to tell us what kinds of services these are. Else, any answer is pretty much useless.
Best
Here's the Duden:
"oder; oder vielmehr, genauer gesagt. Abkürzung: bzw.
und im anderen Fall. Abkürzung: bzw."
https://www.duden.de/rechtschreibung/beziehungsweise
See the part in bold? That would be "or, more specifically." How to translate beziehungsweise can only be determined based on context. There is no one-size-fits-all solution. Though, personally, I doubt it means "in line with" here.
Best
"On this basis, we set out our overall assessment as to whether the transfer pricing transactions reviewed were in line with the FTGs; whether they were conducted on an arm’s length basis; and whether a fair market price was paid."
http://downloads.bbc.co.uk/bbctrust/assets/files/pdf/our_wor...
Best
Marktmäßig = in Beziehung zum Markt
Marktmäßigkeit = der Marktsituation entsprechend
Mäßig means "in terms of" in this context--an EN word that's controversial among some because it's not very elegant (same for -mäßig as part of a compound). It's similar to "technisch," as in "bildungstechnisch" and "erziehungstechnisch" and...
And, right there in the sentence(!), is the word Verhältnismäßigkeit.
Though I have to agree with Phil, Steffen, that the previous question doesn't explain anything (I was surprised, actually). Maybe this does:
https://www.investopedia.com/terms/a/armslength.asp
However, it's mostly used in connection with tax law and real estate. The same may be true for "fair market value/price" (used by health professionals too), but I'd prefer this one over the other.
https://smallbusiness.chron.com/establish-fair-market-value-...
https://www.reliasmedia.com/articles/107372-determining-fair...
http://www.pmcpa.org.uk/thecode/interactivecode/Pages/clause...
Cf https://www.merriam-webster.com/dictionary/fair market value
Best wishes
http://www.proz.com/kudoz/german-to-english/finance-general/...