Glossary entry

Dutch term or phrase:

Afmijnen met afslag van

English translation:

auction sale by order of the court with (hammer) knock-down of the property

Added to glossary by Adrian MM.
Jul 13, 2020 02:29
4 yrs ago
18 viewers *
Dutch term

Afmijnen met afslag van

Dutch to English Law/Patents Law (general) Rechtszaak
Er wordt afgemijnd vanaf ... met afslag van
Change log

Jul 24, 2020 15:22: Adrian MM. Created KOG entry

Discussion

philgoddard Jul 13, 2020:
You're not getting a definitive answer... ...because you haven't provided context as instructed when you posted the question. Or said please or thank you, or told us what research you've done.

Proposed translations

6 hrs
Selected

sale by order of the court with knock-down of..

Not much context: real estate / land or a valuable like a car > so a chattel real in the USA, but an execution or land mortgage or US: lien *foreclosure sale* is surmised, plus 'van' can be either of a thing

- or the property, real or personal, mobale or immovable, had been knocked down / awarded to a court-ordered auction-sale buyer on a date. I can't work it out from the barebones question.


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Note added at 6 heures (2020-07-13 08:51:16 GMT)
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movable or immovable...

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Note added at 16 heures (2020-07-13 19:10:33 GMT)
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OK, asker, but 1. sale by order of the court is in fact an auction sale, plus 2. it is the property (land) that is 'knocked down' (awarded) routinely to the highest bidder and not the amount that is discounted.
Example sentence:

afmijnen 3) executierecht: openbare verkoop in het kader van de tenuitvoerlegging van een burgerlijk vonnis, waarbij de koopovereenkomst ...

Note from asker:
Thanks Adrian MM. Think I'll go with: court-ordered Dutch auction from (amount) with knock down of (amount)
Something went wrong...
4 KudoZ points awarded for this answer.

Reference comments

5 hrs
Reference:

refs

See: https://nl.m.wikipedia.org/wiki/Veiling_bij_afslag

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Note added at 5 hrs (2020-07-13 08:18:45 GMT)
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"Een veiling bij afslag of afslag bij afmijning (Dutch Auction) is een veiling waarbij een product op een te hoge prijs wordt ingezet, waarna de prijs daalt totdat iemand akkoord gaat. Deze veilingvorm wordt onder meer gebruikt op de bloemenveiling van Aalsmeer, en bij Dutch Treasury Certificates (kortdurende Nederlandse staatsleningen)."
Peer comments on this reference comment:

agree philgoddard : So now we know what the Dutch call a Dutch auction!
4 hrs
agree Tina Vonhof (X) : Helemaal duidelijk.
6 hrs
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