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kommissionärsgrupp

English translation: group of commission agents

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Swedish term or phrase:kommissionärsgrupp
English translation:group of commission agents
Entered by: David Rumsey

20:17 May 9, 2021
Swedish to English translations [PRO]
Bus/Financial - Finance (general)
Swedish term or phrase: kommissionärsgrupp
Bolaget ingick tidigare i en kommissionärsgrupp där bolaget var kommissionär till moderbolaget som var kommittent.

A kommissionär = a group that performs operations on behalf of another company. Would this best be expressed: as "agent" "commissioned company", "contracted company"?
- "The company was previously part of a group of "commissioned companies, where the company was the commissioned company and the parent company was the principal."

Is there a better accounting term out there?
David Rumsey
Canada
Local time: 06:05
group of commission agents
Explanation:
a group of mercantile agency companies rather than of debt factors: 'whether a person or firm (factoring company), accepts as assignee book debts (accounts receivable) as security for short-term loans; this is known as factoring.' So 'factoring group' might be ambiguous.

possible rephrasing: The company used to be part of a /factoring / group of commission agents in which the company was the /factor / commission agent of the parent company that acted as > qua principal
Selected response from:

Adrian MM.
Austria
Grading comment
Thanks for this!
4 KudoZ points were awarded for this answer



Summary of answers provided
3group of commission agents
Adrian MM.
4 -1Group of commission agents
Paul Gratwick


Discussion entries: 1





  

Answers


36 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
group of commission agents


Explanation:
a group of mercantile agency companies rather than of debt factors: 'whether a person or firm (factoring company), accepts as assignee book debts (accounts receivable) as security for short-term loans; this is known as factoring.' So 'factoring group' might be ambiguous.

possible rephrasing: The company used to be part of a /factoring / group of commission agents in which the company was the /factor / commission agent of the parent company that acted as > qua principal

Example sentence(s):
  • Leader in strategic communications and public affairs , Euros / Agency Group operates in France, Europe and Africa.
  • A factor is a type of trader who receives and sells goods on commission, called factorage. A factor is a mercantile fiduciary transacting business in his own name

    https://iate.europa.eu/search/standard/result/1620592139341/1
    https://www.yourarticlelibrary.com/business/mercantile-agents-meaning-importance-and-other-details/42071
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 20
Grading comment
Thanks for this!
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12 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): -1
Group of commission agents


Explanation:
I sort of agree with Adrian but I'd make it simpler. For example, “The company was previously part of a group of commission agents and was the commission agent of the parent company that was the principal.”

Paul Gratwick
Sweden
Native speaker of: English
PRO pts in category: 4

Peer comments on this answer (and responses from the answerer)
disagree  SafeTex: You should have given an agree to Adrian and perhaps proposed an alternative sentence. THis is just pure plagarism
2 hrs
  -> Absolutely right, I didn't think of that, don't know why, nnut I didn't mean to plagiarise, aplologies to Adrian.
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