Glossary entry (derived from question below)
Feb 23 19:39
3 mos ago
11 viewers *
Danish term
knæklån
Danish to English
Bus/Financial
Law: Taxation & Customs
Skat legal guide
Hi, I'm looking for an English equivalent term for this type of loan. Maybe "snap loan" would work? It appears as follows.
Thanks for your help!
Gevinst på knæklån
Indhold
Dette afsnit beskriver beskatningen af gevinst på knæklån (forskellig rente i adskilte perioder) for personer og dødsboer, der ikke er pengenæringsdrivende.
Thanks for your help!
Gevinst på knæklån
Indhold
Dette afsnit beskriver beskatningen af gevinst på knæklån (forskellig rente i adskilte perioder) for personer og dødsboer, der ikke er pengenæringsdrivende.
Proposed translations
(English)
| 1 -2 | payday loan |
Andres Larsen
|
| 3 +1 | low/0% introductory rate loan |
Michele Fauble
|
| 3 -1 | variable-rate loan |
Pernille Kienle
|
| 3 -1 | flexi-rate 'crunch' loan |
Adrian MM.
|
References
| knæklån |
Michele Fauble
|
Proposed translations
-2
5 hrs
Andres Larsen
Venezuela
Venezuela
Native in English
Venezuela
freelance translator
Native in: English 
Works in: Spanish to English, English to Spanish, German to English, and 3 more.
Related KudoZ points
:
43
Selected
payday loan
What Is a Payday Loan? How It Works, How to Get One ...
https://www.investopedia.com › ...
A payday loan is a type of short-term borrowing where a lender will extend high-interest credit based on your income.
What Is A Payday Loan?
https://www.forbes.com › advisor
14 sept. 2023 — A payday loan is a short-term, small loan that you repay once you receive your next paycheck, typically two to four weeks after you take out the ...
What is a payday loan? What you might use one for and ...
https://fortune.com › ... › LOANS
7 dic. 2022 — A payday loan is a short-term, high-cost loan someone can use to cover cash needs between pay periods and agrees to pay back once they receive ...
Cash Advance Vs Payday Loan: What's The Difference?
https://www.forbes.com › advisor
27 jul. 2022 — Payday loans and cash advance services allow you to borrow money for emergency financial needs. But you should avoid them as they come with ...
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Note added at 7 days (2024-03-02 00:09:15 GMT) Post-grading
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Glad to have been of help.
https://www.investopedia.com › ...
A payday loan is a type of short-term borrowing where a lender will extend high-interest credit based on your income.
What Is A Payday Loan?
https://www.forbes.com › advisor
14 sept. 2023 — A payday loan is a short-term, small loan that you repay once you receive your next paycheck, typically two to four weeks after you take out the ...
What is a payday loan? What you might use one for and ...
https://fortune.com › ... › LOANS
7 dic. 2022 — A payday loan is a short-term, high-cost loan someone can use to cover cash needs between pay periods and agrees to pay back once they receive ...
Cash Advance Vs Payday Loan: What's The Difference?
https://www.forbes.com › advisor
27 jul. 2022 — Payday loans and cash advance services allow you to borrow money for emergency financial needs. But you should avoid them as they come with ...
--------------------------------------------------
Note added at 7 days (2024-03-02 00:09:15 GMT) Post-grading
--------------------------------------------------
Glad to have been of help.
Peer comment(s):
| disagree |
Christopher Schröder
: That’s very different
9 hrs
|
| disagree |
Michele Fauble
: Payday loan is ‘quicklån/kviklån’ in Denmark. “… knæklån (forskellig rente i adskilte perioder)…” https://tax.dk/jv-2017-2/cb/C_B_1_4_3_5.htm
1 day 23 hrs
|
4 KudoZ points awarded for this answer.
Comment: "Thanks for your help"
-1
1 hr
Pernille Kienle
Canada
Canada
Native in Danish
&
English
Canada
Quality translations on time!
Native in: Danish , English
Works in: Danish to English, English to Danish
Related KudoZ points
:
8
variable-rate loan
Perhaps this? :)
Reference:
https://www.td.com/ca/en/personal-banking/products/borrowing/loans/benefits-of-a-personal-loan
Peer comment(s):
| disagree |
Christopher Schröder
: Variable rate loans vary regularly with policy rates
14 hrs
|
-1
1 hr
Adrian MM.
Austria
Austria
Native in English
Specializes in field
Austria
Retd.T&I, Barrister & Austro-Advokat
Native in: English (Variants: Scottish, British)
Works in: Spanish to English, English to Spanish, French to English, and 5 more.
Related KudoZ points
:
8
flexi-rate 'crunch' loan
I'm unsure a short-term, 'snap' cash loan or an elastic line of credit (with quick access to cash) in the USA and Canada is the same as a variable-vs. fixed rate loan.
Also different from an 'all monies' arrangement, namely one catching all borrowings from the same lender.
Also different from an 'all monies' arrangement, namely one catching all borrowings from the same lender.
Example sentence:
Hvornår er der tale om knæklån? Knæklån er kendetegnet ved, at lånet er udstedt med forskellige rentesatser for adskilte perioder over lånets løbetid.
Snap Cash Loans are perfect for quick loans to help you get by until your next paycheck.
Reference:
+1
20 hrs
Michele Fauble
United States
United States
Native in English
United States
Native English
Native in: English 
Works in: Norwegian to English, Danish to English, Swedish to English
low/0% introductory rate loan
“An introductory rate loan generally offers a guaranteed low rate for an initial period of time (usually 12 months) after which most will revert to the standard variable rate. The rate can be fixed or variable.”
https://intuitivefinance.com.au/loans/introductory-rate/#:~:...
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Note added at 20 hrs (2024-02-24 16:08:35 GMT)
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Or maybe just ‘introductory rate loan’.
--------------------------------------------------
Note added at 2 days 5 hrs (2024-02-26 00:48:22 GMT) Post-grading
--------------------------------------------------
“Dette afsnit beskriver beskatningen af gevinst på knæklån (forskellig rente i adskilte perioder) for personer og dødsboer, der ikke er pengenæringsdrivende.”
https://tax.dk/jv-2017-2/cb/C_B_1_4_3_5.htm
https://intuitivefinance.com.au/loans/introductory-rate/#:~:...
--------------------------------------------------
Note added at 20 hrs (2024-02-24 16:08:35 GMT)
--------------------------------------------------
Or maybe just ‘introductory rate loan’.
--------------------------------------------------
Note added at 2 days 5 hrs (2024-02-26 00:48:22 GMT) Post-grading
--------------------------------------------------
“Dette afsnit beskriver beskatningen af gevinst på knæklån (forskellig rente i adskilte perioder) for personer og dødsboer, der ikke er pengenæringsdrivende.”
https://tax.dk/jv-2017-2/cb/C_B_1_4_3_5.htm
Reference comments
1 hr
Michele Fauble
United States
United States
Native in English
United States
Native English
Native in: English
Works in: Norwegian to English, Danish to English, Swedish to English
Reference:
knæklån
knæklån sb. (1980) lån som i begyndelsen er afdragsfrie for derefter at skulle betales tilbage med forhøjede afdrag;
https://sproget.dk/lookup?SearchableText=knæklån
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Note added at 2 days 5 hrs (2024-02-26 00:49:54 GMT) Post-grading
--------------------------------------------------
Dette afsnit beskriver beskatningen af gevinst på knæklån (forskellig rente i adskilte perioder) for personer og dødsboer, der ikke er pengenæringsdrivende.”
https://tax.dk/jv-2017-2/cb/C_B_1_4_3_5.htm
https://sproget.dk/lookup?SearchableText=knæklån
--------------------------------------------------
Note added at 2 days 5 hrs (2024-02-26 00:49:54 GMT) Post-grading
--------------------------------------------------
Dette afsnit beskriver beskatningen af gevinst på knæklån (forskellig rente i adskilte perioder) for personer og dødsboer, der ikke er pengenæringsdrivende.”
https://tax.dk/jv-2017-2/cb/C_B_1_4_3_5.htm
Discussion