GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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20:08 Dec 4, 2008 |
German to English translations [PRO] Bus/Financial - Insurance | |||||||
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| Selected response from: Peter Downes Germany Local time: 07:07 | ||||||
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Summary of answers provided | ||||
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5 | capital sum for annuity payments |
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4 | premium rserve stock |
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capital sum for annuity payments Explanation: Deckungsstock is a fund that is set up for "Rentenleistungen", it`s almost like a safety net /fond |
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premium rserve stock Explanation: from Romain/Byrd Thelecke. Also 185 g-hits (incl from site below below):Monthly check of investment The new Riester retirement provision package STRATEGIE No. 1 has even more advantages than the regular positive features of a Riester pension. Only the capital necessary for the specified performance is invested in a security-oriented conventional premium reserve stock. The rest goes into a fund. Every month Aachen Münchener checks whether the ratio security-oriented / fund investment is still acceptable. This way, via the fund price the interest rate, the stock market development, the remaining policy period and the paid-up capital are all influential parameters for the calculation. This elaborate process is the basis for a better rate of return. The bottom line is that more capital can be invested in high-yield investments. -------------------------------------------------- Note added at 19 hrs (2008-12-05 16:03:21 GMT) -------------------------------------------------- should read 'premium reserve stock' Example sentence(s):
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