Glossary entry

Dutch term or phrase:

verplichting

English translation:

liability

Added to glossary by Shilpa Dawda
Jul 31, 2002 14:57
21 yrs ago
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Dutch term

verplichting

Dutch to English Bus/Financial
financial term

Proposed translations

3 mins
Selected

obligation or liability

Depends on the context really. My financial dictionary (Terminologie Financieel Management, Kluwer, 1999) says the following under 'verplichting':

verplichting - obligation
• verplichting (geldelijk) - liability
• verplichting (schuld) - indebtedness
• verplichting (verbintenis) - obligation, commitment, engagement, undertaking
• rechtstreeks aangegane verplichting - direct liability
• verplichtingen aangaan - to enter into commitments
• verplichtingen (betalingen) aan werknemers bij ontslag en afvloeiing - severance and redundancy payments
• verplichting in geld - monetary liability
• verplichting(en) uit hoofde van opgenomen gelden (door banken) - deposit liability
• verplichting(en) uit schade - liability for damages
• verplichting(en) wegens aval - liability for endorsement
• verplichting welke buiten de balans om gaat - off balance sheet commitment
• voorwaardelijke verplichting - contingent liability
• wij zijn u zeer verplicht - we are much obliged to you
• zich verplichten te (tot) - to bind oneself to, to commit oneself to
• zonder enige verplichting - without any obligation
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4 KudoZ points awarded for this answer. Comment: "Yes. Marijke. I think it is liability too. The text i'm translating is actually strings of software, so the usage was quite strange... thanks for your help."
3 mins
3 mins

obligation

not easy without any explanation... this is the evident translation.

from dictionary:
obligation: A legal agreement specifying a payment or action and the penalty for failure to comply

hope this helps
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