lösenrätt

English translation: penalty free early repayment

12:20 Dec 18, 2007
Swedish to English translations [PRO]
Bus/Financial - Law: Taxation & Customs
Swedish term or phrase: lösenrätt
This is from a bank statement concerning a loan. The last line is "kostnadsfri lösenrätt from." Fee free? Any suggestions? Thanks
Matthew Preston
United Kingdom
Local time: 19:36
English translation:penalty free early repayment
Explanation:
banks generally charge a fee (or penalty in the US) if you wish to repay a loan early
Selected response from:

Anders G
United States
Local time: 14:36
Grading comment
2 KudoZ points were awarded for this answer



Summary of answers provided
4 +1right of prepayment, right to prepay
Larry Abramson
4 +1right to (full) amortization
Mårten Sandberg
4penalty free early repayment
Anders G


  

Answers


3 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
right of prepayment, right to prepay


Explanation:
Not redemption here

Larry Abramson
United States
Local time: 14:36
Works in field
Native speaker of: English
PRO pts in category: 23

Peer comments on this answer (and responses from the answerer)
agree  Adrian MM. (X)
2 days 10 hrs
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2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
right to (full) amortization


Explanation:
Right to amortize/settle (debt) in full (w/o charges).
The right to settle the debt without additional fees at one occasion as opposed to gradually under a long term plan.

Mårten Sandberg
Local time: 20:36
Native speaker of: Swedish
PRO pts in category: 8

Peer comments on this answer (and responses from the answerer)
agree  Adrian MM. (X): The questioner is from the UK where loans are repaid & not amortised, unless written off by lender to borrower's delight! Unaware if the target-readership is US/Can., I take your AE point. Settle a loan is, in BE, arguably ambiguous for arranging one.
2 days 8 hrs
  -> I wrote settle as well. All my dictionaries support my use of amortize/-ation. Maybe a UK/US difference?
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16 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
penalty free early repayment


Explanation:
banks generally charge a fee (or penalty in the US) if you wish to repay a loan early


    Reference: http://www.unsecured--loans.co.uk/
Anders G
United States
Local time: 14:36
Works in field
Native speaker of: Native in EnglishEnglish, Native in SwedishSwedish
PRO pts in category: 10
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