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skuldrevers

English translation: promissory note

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Swedish term or phrase:skuldrevers
English translation:promissory note
Entered by: Paul Lambert

13:01 Apr 6, 2012
Swedish to English translations [PRO]
Bus/Financial - Business/Commerce (general) / Share Transfer Agreement
Swedish term or phrase: skuldrevers
A buyer is buying a company that has a certain amount of inventory in the warehouse and a special arrangement is being made for its valuation. Here is the most relevant sentence in the document:

"I samband med Aktieöverlåtelseavtalet daterad 1 april, skall det ställas ut en revers motsvarande lagervärdet vid övertagandet".

The actual term itself only appears on the heading of the document.
Paul Lambert
Sweden
Local time: 16:55
promissory note
Explanation:
I believe this is equivalent to "revers" and "skuldsedel". This appears at the link, from Svenska Akademiens SAOB:

"– SKULDE-BREV. ( skuld- 1669–1915. skulda- 1709–1778. skulde- 1619 osv.)
[jfr t. schuldbrief]
skriftlig handling (av annat slag än växel l. obligation) vari utställaren (erkänner o.) förbinder sig att (vid angiven tidpunkt, till viss angiven person l. till innehavaren vid betalningstillfället) betala skuld, revers, skuldsedel; äv. allmännare, om varje slag av dokument l. skriftlig handling som innebär erkännande av skuld l. förpliktelse att betala skuld: skriftlig skuldförbindelse. Enkelt skuldebrev (i fackspr.) , ställt till viss person utan orderklausul l. medgivande av inteckning. "

Gullberg has "revers" as a promissory note, among other things.

I think it's best in your context. It seems likely such a note is required to secure payment for the sale of the inventory (which might be subject to some lien or other obligation to a third party already?)
Selected response from:

Charles Ek
United States
Local time: 09:55
Grading comment
Thank you!
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +3promissory note
Charles Ek


  

Answers


20 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +3
promissory note


Explanation:
I believe this is equivalent to "revers" and "skuldsedel". This appears at the link, from Svenska Akademiens SAOB:

"– SKULDE-BREV. ( skuld- 1669–1915. skulda- 1709–1778. skulde- 1619 osv.)
[jfr t. schuldbrief]
skriftlig handling (av annat slag än växel l. obligation) vari utställaren (erkänner o.) förbinder sig att (vid angiven tidpunkt, till viss angiven person l. till innehavaren vid betalningstillfället) betala skuld, revers, skuldsedel; äv. allmännare, om varje slag av dokument l. skriftlig handling som innebär erkännande av skuld l. förpliktelse att betala skuld: skriftlig skuldförbindelse. Enkelt skuldebrev (i fackspr.) , ställt till viss person utan orderklausul l. medgivande av inteckning. "

Gullberg has "revers" as a promissory note, among other things.

I think it's best in your context. It seems likely such a note is required to secure payment for the sale of the inventory (which might be subject to some lien or other obligation to a third party already?)


    Reference: http://g3.spraakdata.gu.se/saob/show.phtml?filenr=1/252/161....
Charles Ek
United States
Local time: 09:55
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 28
Grading comment
Thank you!

Peer comments on this answer (and responses from the answerer)
agree  Sven Petersson: FAR confirms.
41 mins
  -> Tack!
agree  rajagopalan sampatkumar
16 hrs
agree  Linnéa Holmén
2 days 23 hrs
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