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  1. KudoZ™ Top
  2. Norwegian to English
  3. Accounting

fondsavsetning(er)

17:39 Jan 20, 2011
This question was closed without grading. Reason: Answer found elsewhere

Norwegian to English translations [PRO]
Bus/Financial - Accounting
Norwegian term or phrase: fondsavsetning(er)
The context is a public entity's pension plan and does not involve a for-profit firm.

I see translations to both "provision(s)" and "reserve(s)", plus some authorities claiming a distinction between the two. Before this, I would have simply used "reserve(s)". Note that I also see references to "reserver" in annual reports from entities involved in insurance and pensions in Norway.

As a result, this non-accountant is now befuddled and needs expert assistance, please. My client is U.S.-based, so an American perspective is best, but not essential if you can demonstrate acceptance of your suggestion in the U.S.
Charles Ek
United States
Local time: 09:05


Summary of answers provided
4 +1fund allocation
Sven Petersson
4fund set-aside(s)
Adrian MM. (X)


Discussion entries: 1





  

Answers


13 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
fund allocation


Explanation:
:o)


Sven Petersson
Sweden
Local time: 16:05
Native speaker of: Native in SwedishSwedish, Native in EnglishEnglish
PRO pts in category: 42

Peer comments on this answer (and responses from the answerer)
agree  brigidm: Check out "allocation to reserves", too.
28 mins
  -> :o)
neutral  Christopher Schröder: To me, this suggests allocations *from* a fund
13 hrs
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1 day 2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
fund set-aside(s)


Explanation:
Set-aside(s): maybe not as obvious an AmE + BrE choice as it looks for a public corp's pension plan (scheme).

Example sentence(s):
  • It\'s fronted by two women, with a male investor\'s interest disguised so it might qualify for state pension fund set-asides www.lawyers.com › Law Blog
Adrian MM. (X)
Local time: 16:05
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 49
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