Glossary entry

German term or phrase:

Abschlagsschätzwerten

English translation:

estimated advance payment

Added to glossary by Dr. Andrew Hudson
Jul 24, 2015 15:38
8 yrs ago
German term

Abschlagsschätzwerten

German to English Bus/Financial Real Estate Energy payments
This appeared in the following sentence to justify a supplementary payment homeowners had to make after 2014:

"Zudem sind die angefallenen Stromkosten mit hohen Abschlagsschätzwerten für das Wohngebäude seitens der VXXXX [energy company] für das Jahr 2014 angesetzt worden."

If anyone can explain the situation clearly, I would appreciate it. I'm guessing "estimated reduced value", but am not sure how this justifies a subsequent payment.

Thanks!
Proposed translations (English)
3 +1 estimated advance payment

Proposed translations

+1
6 hrs
Selected

estimated advance payment

Electricity costs are estimated in advance and usually paid on a monthly basis. In this case i imagine they had previously been estimated too low as the price of electricity rose so steeply and will now need to be raised to cover the estimated amount.
Peer comment(s):

agree Teresa Reinhardt
6 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks very much!"
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