Glossary entry (derived from question below)
Mar 16, 2011 14:34
13 yrs ago
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Danish term
40 years' industry experience
Native in: English 
Works in: German to English, Portuguese to English, Spanish to English, and 7 more.
a/c
Danish to English
Law/Patents
Law (general)
Bankruptcy
In a report on a bankrupt company :
"§ 95-krav vil blive udbetalt a/c primo juni"
"§ 95-krav vil blive udbetalt a/c primo juni"
Proposed translations
(English)
| 3 +3 | on account |
Gitte Hovedskov Hansen (X)
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Proposed translations
+3
4 mins
Selected
on account
a/c = a conto
Peer comment(s):
| agree |
Christopher Schröder
: Generally speaking yes, but I don't get how claims for unpaid wages etc can be paid out on account??? // Yes that could be it!
8 mins
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Maybe it takes some time to work out the exact amounts owed, so partial settlements are made on account?
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| agree |
Christine Andersen
24 mins
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| agree |
Helen Johnson
54 mins
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4 KudoZ points awarded for this answer.
Comment: "Many thanks"
Discussion
unemployment benefit or find new jobs.
LG would then take over the claim to any dividend.
I don´t know all the details.
You do not say in your context WHO pays the claims, but wage claims are high in the priorities for any dividends when the bankrupt estate is finally wound up.
http://www.retssal.dk/?page=emne&id=122&indexid=85