acting for its own account

English translation: for itself

19:45 May 26, 2008

English language (monolingual) [PRO]
Law/Patents - Law: Contract(s) / Non-reliance clause

English term or phrase: acting for its own account

"It is acting for its own account, and it has made its own independent decisions to enter into each Transaction and as to whether each Transaction is appropriate or proper for it based upon its own judgment and upon advice from such advisors as it has deemed necessary."

I have asked the same question in English>Russian pair, chosen an answer and now am not sure if my choice was fair. Those of you who are proficient in Russian are welcome to comment at:
http://www.proz.com/kudoz/english_to_russian/law:_contracts/...

Zamira B. KudoZ activity Questions: 402 (6 open) (14 closed without grading) Answers: 2446 United Kingdom
Local time: 06:06

Selected answer:for itself

Explanation:
...

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Note added at 16 dakika (2008-05-26 20:01:48 GMT)
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The true form is on its own account.

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Note added at 1 gün19 dakika (2008-05-27 20:05:12 GMT)
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As Merriam-Webster's put it,

if somebody is acting on his/her own account,

he/she is acting

1 : on his/her own behalf,
2 : at his/her own risk, and
3 : by him/herself : on his/her own (solo).

Meaning 1 covers both of your queried meanings because

behalf
■ noun (in phr. on (US also in) behalf of or on someone's behalf) means

1) in the interests of a person, group, or principle. (in his/her own interest)
2) as a representative of. (representing him/herself).

I hope it is all clear now thanks to the dictionary support above.

Selected response from:

Cagdas Karatas
Türkiye
Local time: 08:06

Grading comment

Thank you. I now need to sort it out in Russian version :)
4 KudoZ points were awarded for this answer

SUMMARY OF ALL EXPLANATIONS PROVIDED

5 +8

for itself

Cagdas Karatas

4 +1

acting on its own behalf

Erin DeBell

Discussion entries: 1

Answers

2 hrs confidence:

peer agreement (net): +1

acting on its own behalf

Explanation:
another way to say it, perhaps more commonly used

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Note added at 2 hrs (2008-05-26 22:45:05 GMT)
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More commonly used than the original phrase, I mean. The first answer is a good explanation.

Erin DeBell
United States
Local time: 01:06
Specializes in field
Native speaker of:

English

14 mins confidence:

peer agreement (net): +8

for itself

Cagdas Karatas
Türkiye
Local time: 08:06
Specializes in field
Native speaker of: Turkish
PRO pts in category: 16

Grading comment

Thank you. I now need to sort it out in Russian version :)

Notes to answerer

Asker: Thank you. Can you tell pls in what sense 'for inself' - 'in his own interest' or meaning 'it is acting not as an intermediary for somebody else'?

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acting for its own account

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