Glossary entry

Danish term or phrase:

afviklingsfuldmagt

English translation:

settlement authority/authorisation

Added to glossary by Helen Johnson
Nov 27, 2011 16:46
12 yrs ago
Danish term

afviklingsfuldmagt

Danish to English Bus/Financial Finance (general) articles of association
In one of these company articles of association sheets. People made authorised signatories for:

Giro, bank- og afviklingsfuldmagt
TIA
Proposed translations (English)
4 +1 settlement authority/authorisation

Proposed translations

+1
32 mins
Selected

settlement authority/authorisation

One of the definitions of "afvikling" is "settlement" per Gyldendals Røde Ordboger. See the link for examples of "settlement authority". (As the former possessor of some, I'm fairly certain of the usage. :-) )
Peer comment(s):

agree David Young (X) : In this context, it seems more likely that this is what is meant by afvikling, rather than "winding up/liquidation".
2 hrs
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4 KudoZ points awarded for this answer. Comment: "Thank you"
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