Glossary entry (derived from question below)
Danish term or phrase:
anfordringsgaeld
English translation:
debt payable on demand
Added to glossary by
Helen Jordan
Jun 28, 2006 21:35
18 yrs ago
1 viewer *
Danish term
Native in: English 
Works in: Danish to English, French to English, German to English, and 1 more.
anfordringsgaeld
Danish to English
Bus/Financial
Accounting
In annual accounts
ANDEN GAELD
Løn m.v
Merværdiafgift
Feriepenge
A-skat m.v
Slutafregning til husejere
Samarbejdspartnere
Anfordringsgæld
Øvrige gæld
Thanks for any help Could it be the same as anfordringstilgodehavende?
ANDEN GAELD
Løn m.v
Merværdiafgift
Feriepenge
A-skat m.v
Slutafregning til husejere
Samarbejdspartnere
Anfordringsgæld
Øvrige gæld
Thanks for any help Could it be the same as anfordringstilgodehavende?
Proposed translations
(English)
| 4 +1 | debt payable on demand |
F Schultze (X)
|
Proposed translations
+1
50 mins
Selected
debt payable on demand
The opposite of anfordringstilgodehavende.
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Note added at 56 mins (2006-06-28 22:31:44 GMT)
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As a matter of curiosity, what do you have for anfordringstilgodehavende ? Anything better than receivables due on demand ?
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Note added at 12 hrs (2006-06-29 10:20:37 GMT)
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If the bank can close your credit without notice (and if you read the small print, they usually can) it is a demand debt account.
If you can withdraw your money without notice (or without paying a premium) it is a demand deposit account.
Such a bank credit would be anfordringsgæld, but the bank credit would usually be a separate item and not listed under ANDEN GÆLD.
Anfordringsgæld may include more that bank debt.
Here (summer rentals) it could be the debt arising from the following situation: "We are sorry that the roof leaked and the hot water tank exploded in the cottage you rented from us. To compensate for the inconvenience this may have caused we offer you a free rental for a maximum value of DKK 20,000 to be taken at your convenience within the next two years." Now the company owes DKK 20,000 to the customer and they must pay it when he demands it.
It could also be a simple thing as money owed to an employee for the business use of his own car in December which will be refunded with the January pay slip.
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Note added at 56 mins (2006-06-28 22:31:44 GMT)
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As a matter of curiosity, what do you have for anfordringstilgodehavende ? Anything better than receivables due on demand ?
--------------------------------------------------
Note added at 12 hrs (2006-06-29 10:20:37 GMT)
--------------------------------------------------
If the bank can close your credit without notice (and if you read the small print, they usually can) it is a demand debt account.
If you can withdraw your money without notice (or without paying a premium) it is a demand deposit account.
Such a bank credit would be anfordringsgæld, but the bank credit would usually be a separate item and not listed under ANDEN GÆLD.
Anfordringsgæld may include more that bank debt.
Here (summer rentals) it could be the debt arising from the following situation: "We are sorry that the roof leaked and the hot water tank exploded in the cottage you rented from us. To compensate for the inconvenience this may have caused we offer you a free rental for a maximum value of DKK 20,000 to be taken at your convenience within the next two years." Now the company owes DKK 20,000 to the customer and they must pay it when he demands it.
It could also be a simple thing as money owed to an employee for the business use of his own car in December which will be refunded with the January pay slip.
4 KudoZ points awarded for this answer.
Comment: "Thanks - helps a lot!"
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