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anfordringsgaeld

English translation: debt payable on demand

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Danish term or phrase:anfordringsgaeld
English translation:debt payable on demand
Entered by: Helen Jordan

21:35 Jun 28, 2006
Danish to English translations [PRO]
Bus/Financial - Accounting
Danish term or phrase: anfordringsgaeld
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?
Helen Jordan
Local time: 12:28
debt payable on demand
Explanation:
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.
Selected response from:

F Schultze (X)
United States
Local time: 07:28
Grading comment
Thanks - helps a lot!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1debt payable on demand
F Schultze (X)


  

Answers


50 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
debt payable on demand


Explanation:
The opposite of anfordringstilgodehavende.

--------------------------------------------------
Note added at 56 mins (2006-06-28 22:31:44 GMT)
--------------------------------------------------

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.

F Schultze (X)
United States
Local time: 07:28
Native speaker of: Native in DanishDanish
PRO pts in category: 4
Grading comment
Thanks - helps a lot!

Peer comments on this answer (and responses from the answerer)
agree  Don Spade (X): Have also found "demand debt" on Google. Special Ordbog translates "anfordringstilgodehavende" as "demand deposit" (USA).
11 hrs
  -> Thanks, Don. "Demand deposit/debt" would typically be used about bank accounts, right? I will add a comment to my answer.
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