Glossary entry

German term or phrase:

ab mittlerem Verfall

English translation:

the date halfway between the first and last payment due dates

Added to glossary by Dr. Andrew Hudson
Sep 29, 2014 13:09
9 yrs ago
5 viewers *
German term

ab mittlerem Verfall

German to English Bus/Financial Finance (general) Debts
I encountered this sentence in a judgment ordering someone to repay some money:

Hinzu kommt der Verzugszins, berechnet zu 5% ab mittlerem Verfall, somit ab dem xxxx. (date)

I'm not sure about "ab mittlerem Verfall." Any help would be appreciated.

Thanks,

Andrew
Change log

Sep 29, 2014 13:41: Steffen Walter changed "Field" from "Law/Patents" to "Bus/Financial" , "Field (specific)" from "Law (general)" to "Finance (general)"

Proposed translations

+1
2 hrs
Selected

the date halfway between the first and last payment due dates

A bit of a mouthful, but this is the most concise way I can find to explain it.

"Werden gleichbleibende Raten (Ratenzahlung, Mietzinse usw.) in regelmässigen Abständen geschuldet, beispielsweise jeweils auf den 1. eines jeden Monats, ist der mittlere Verfalltag genau zwischen dem ersten und dem letzten Fälligkeitstermin."

As the two examples in my reference show, this may or may not be a payment due date.

Note from asker:
Thanks Phil, as always! Andrew Hudson
Peer comment(s):

agree AllegroTrans
5 hrs
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4 KudoZ points awarded for this answer. Comment: "Thank you very much, as always!"
15 mins

mid-term

i.e, half way to the maturity date for interest payments to be calculated;
Peer comment(s):

neutral philgoddard : This is on the right lines, but not specific enough.
2 hrs
I think mid-term' as a concept is fairly specific for most people; not at the beginning or end of a period, but in the middle, half way from/to previous/next payments.
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