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ren handel

English translation: fair market value, arms length transaction

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Danish term or phrase:ren handel
English translation:fair market value, arms length transaction
Entered by: Charlesp

08:26 Jul 1, 2012
Danish to English translations [PRO]
Bus/Financial - Business/Commerce (general) / Terms and Conditons
Danish term or phrase: ren handel
Does this mean 'straightforward transaction'? The sentence is 'Salgspris af bil i ren handel.... and it appears in a leasing contract.

Thanks in advance.
Jandrew
United Kingdom
fair market value
Explanation:
I've shortened it to "fair market value" to explain, that is it a price based with no factors unrelated to its value (price) being taken into consideration. Sometimes referred to as a "arms length transaction."
Selected response from:

Charlesp
Sweden
Local time: 06:15
Grading comment
Thanks Charlesp. 'Arms length transaction' seemed to be what the client was meaning.
4 KudoZ points were awarded for this answer



Summary of answers provided
4fair market value
Charlesp
2 +1clean trade (price)
Richard Green


  

Answers


17 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5 peer agreement (net): +1
clean trade (price)


Explanation:
In the context of the selling of vehicles, you can find many references to a "clean trade price" (see first reference). A number of the references refer to CAP, which, as far as I know, is a traders' manual for up-to-date car prices.

I can find similar reference to "ren handel" in Danish contexts (see second reference below).

I hope this helps!

Example sentence(s):
  • "The sale price of the vehicle at the clean trade price..."

    Reference: http://pistonheads.co.uk/xforums/topic.asp?h=0&f=48&t=573377...
    Reference: http://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&...
Richard Green
United Kingdom
Local time: 05:15
Specializes in field
Native speaker of: Native in EnglishEnglish
Notes to answerer
Asker: Thanks Richard. Very helpful.


Peer comments on this answer (and responses from the answerer)
agree  Zofia Wyszynski
1 day 3 hrs
Login to enter a peer comment (or grade)

1 day 3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
fair market value


Explanation:
I've shortened it to "fair market value" to explain, that is it a price based with no factors unrelated to its value (price) being taken into consideration. Sometimes referred to as a "arms length transaction."


    Reference: http://www.investopedia.com/terms/a/armslength.asp
Charlesp
Sweden
Local time: 06:15
Specializes in field
Native speaker of: English
PRO pts in category: 20
Grading comment
Thanks Charlesp. 'Arms length transaction' seemed to be what the client was meaning.
Login to enter a peer comment (or grade)



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