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Vorwegumsätze

English translation: pending charges or pending transactions

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Vorwegumsätze
English translation:pending charges or pending transactions

06:16 Sep 1, 2015
    The asker opted for community grading. The question was closed on 2015-09-04 10:54:15 based on peer agreement (or, if there were too few peer comments, asker preference.)


German to English translations [PRO]
Bus/Financial - Finance (general) / Handbook for creating current account software
German term or phrase: Vorwegumsätze
Der Saldo Vorwegumsätze sind die Umsätze, deren Buchungstag in der Zukunft liegt.
My understanding:
The transaction has been executed; but the entry related to the transaction is posted at a later date.

More context:
Während der Batchverarbeitung wird das Buchungs- und Valutadatum des Habenvorwegumsatzes ermittelt.

I am unable to strike the exact word match in English.

Thank you all!!
krihem
Local time: 17:37
pending charges or pending transactions
Explanation:
In banking available account limits (e.g. credit card industry) are often reduced through pending transactions that have been authorized but not yet

Pending Charges:
The pending charges line of your Account Details page shows the charges that have been authorized but not yet posted to your account. Actual charges are the amounts of purchases that have posted to your account. To understand the difference between pending charges and actual charges, it's helpful to review the charge process. When you present a credit card to a merchant for payment, the first thing that happens is that the merchant requests authorization for the amount of the purchase. This occurs when your card is swiped. In most cases, the merchant knows the exact amount of the purchase and requests authorization in that amount. For example, if you go to the market and buy $82.75 worth of groceries, the market would ask for authorization to charge that amount to your card. Until the charge posts to your account, this amount would show in the pending charges line of your Account Details.

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Note added at 3 hrs (2015-09-01 09:52:57 GMT)
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@Krihem:
Well, regarding credit card transactions it depends on the arrangements with the card issuing bank. But usually, when you use a credit card (cc) the specific amount is authorized and your available balance/limit is reduced by the authorized amount. E.g., you just bought a camera for US $1,000. This amount is authorized and then perhaps charged to your account/billed at the end of the month. In the meantime, this amount is pending. This is done, of course, to prevent you from overdrawing your account too much. This would be the classic credit card with monthly billing.

--------------------------------------------------
Note added at 3 days5 hrs (2015-09-04 11:32:15 GMT) Post-grading
--------------------------------------------------

@krihem: You're most welcome!
Selected response from:

Mack Tillman
Germany
Local time: 14:07
Grading comment
Your explanation helped a lot.
Vielen Dank.
3 KudoZ points were awarded for this answer



Summary of answers provided
4 +1pending charges or pending transactions
Mack Tillman
4expected turnover
Claudia Hoffmann
3expected sales
Madeleine van Zanten
3preauthorized transactions
Daniel Arnold (X)


  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
expected sales


Explanation:
or anticipated sales/expected revenue

a number of Internet pages are available

Madeleine van Zanten
Switzerland
Local time: 14:07
Works in field
Native speaker of: Native in FrenchFrench
PRO pts in category: 4
Notes to answerer
Asker: Sorry, the document has nothing to do with sales; but pertains to banking domain. I am quite confident that the term "transaction" fits well for Umsatz; am looking for a technical term for "Vorwegumsatz".

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2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
expected turnover


Explanation:
expected turnover

Claudia Hoffmann
Germany
Local time: 14:07
Specializes in field
Native speaker of: Native in GermanGerman
PRO pts in category: 22
Notes to answerer
Asker: This is again, equal to expected sales, which unfortunately does not suit the document I have. Mine is a banking document.

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8 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
preauthorized transactions


Explanation:
I am not 100% sure if this will fit within your context, but it may mean preauthorized transactions. These are transactions that are authorized but are yet to be finalized and appear on an account statement. Common use i.e. with car rentals.


    Reference: http://www.novalnet.de/payment-lexikon/pre-authorization
Daniel Arnold (X)
Australia
Local time: 14:07
Specializes in field
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
PRO pts in category: 22
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2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
pending charges or pending transactions


Explanation:
In banking available account limits (e.g. credit card industry) are often reduced through pending transactions that have been authorized but not yet

Pending Charges:
The pending charges line of your Account Details page shows the charges that have been authorized but not yet posted to your account. Actual charges are the amounts of purchases that have posted to your account. To understand the difference between pending charges and actual charges, it's helpful to review the charge process. When you present a credit card to a merchant for payment, the first thing that happens is that the merchant requests authorization for the amount of the purchase. This occurs when your card is swiped. In most cases, the merchant knows the exact amount of the purchase and requests authorization in that amount. For example, if you go to the market and buy $82.75 worth of groceries, the market would ask for authorization to charge that amount to your card. Until the charge posts to your account, this amount would show in the pending charges line of your Account Details.

--------------------------------------------------
Note added at 3 hrs (2015-09-01 09:52:57 GMT)
--------------------------------------------------

@Krihem:
Well, regarding credit card transactions it depends on the arrangements with the card issuing bank. But usually, when you use a credit card (cc) the specific amount is authorized and your available balance/limit is reduced by the authorized amount. E.g., you just bought a camera for US $1,000. This amount is authorized and then perhaps charged to your account/billed at the end of the month. In the meantime, this amount is pending. This is done, of course, to prevent you from overdrawing your account too much. This would be the classic credit card with monthly billing.

--------------------------------------------------
Note added at 3 days5 hrs (2015-09-04 11:32:15 GMT) Post-grading
--------------------------------------------------

@krihem: You're most welcome!


    https://www.chase.com/psmhelp/index.jsp?pg_name=shared/help/page/card_AccountDetails
Mack Tillman
Germany
Local time: 14:07
Native speaker of: Native in GermanGerman, Native in EnglishEnglish
PRO pts in category: 6
Grading comment
Your explanation helped a lot.
Vielen Dank.
Notes to answerer
Asker: That was a great explanation. Thanks Mack!! Do you mean to say, it is something like unbilled transactions, wherein we authorize the purchase amount, but it is actually posted for billing only on a certain cut-off date?


Peer comments on this answer (and responses from the answerer)
agree  philgoddard: I'd go for transactions rather than charges, as presumably it could also include credit items.
5 hrs
  -> Thanks Phil! Yes, transactions includes them all.
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