knæklån

English translation: payday loan

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Danish term or phrase:knæklån
English translation:payday loan
Entered by: dmesnier

19:39 Feb 23, 2024
Danish to English translations [PRO]
Bus/Financial - Law: Taxation & Customs / Skat legal guide
Danish term or phrase: knæklån
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.
dmesnier
United States
Local time: 03:22
payday loan
Explanation:
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.
Selected response from:

andres-larsen
Venezuela
Local time: 04:22
Grading comment
Thanks for your help
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +1low/0% introductory rate loan
Michele Fauble
3 -1variable-rate loan
Pernille Kienle
3 -1flexi-rate 'crunch' loan
Adrian MM.
1 -2payday loan
andres-larsen
Summary of reference entries provided
knæklån
Michele Fauble

Discussion entries: 1





  

Answers


1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): -1
variable-rate loan


Explanation:
Perhaps this? :)


    https://www.td.com/ca/en/personal-banking/products/borrowing/loans/benefits-of-a-personal-loan
Pernille Kienle
Canada
Local time: 01:22
Native speaker of: Native in DanishDanish, Native in EnglishEnglish
PRO pts in category: 8

Peer comments on this answer (and responses from the answerer)
disagree  Christopher Schröder: Variable rate loans vary regularly with policy rates
14 hrs
Login to enter a peer comment (or grade)

1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): -1
flexi-rate 'crunch' loan


Explanation:
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.

Example sentence(s):
  • 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: http://www.proz.com/kudoz/danish-to-english/it-information-t...
    Reference: http://tax.dk/jv-2017-2/cb/C_B_1_4_3_5.htm
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8

Peer comments on this answer (and responses from the answerer)
disagree  Christopher Schröder: Not the same thing
14 hrs
Login to enter a peer comment (or grade)

20 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
low/0% introductory rate loan


Explanation:
“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)
--------------------------------------------------

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


Michele Fauble
United States
Local time: 01:22
Native speaker of: Native in EnglishEnglish

Peer comments on this answer (and responses from the answerer)
agree  Christopher Schröder
1 hr
  -> thanks
Login to enter a peer comment (or grade)

5 hrs   confidence: Answerer confidence 1/5Answerer confidence 1/5 peer agreement (net): -2
payday loan


Explanation:
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 ...

--------------------------------------------------
Note added at 7 days (2024-03-02 00:09:15 GMT) Post-grading
--------------------------------------------------

Glad to have been of help.

andres-larsen
Venezuela
Local time: 04:22
Native speaker of: Native in EnglishEnglish
PRO pts in category: 43
Grading comment
Thanks for your help

Peer comments on this answer (and responses from the answerer)
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
Login to enter a peer comment (or grade)




Reference comments


1 hr
Reference: knæklån

Reference information:
knæklån sb. (1980) lån som i begyndelsen er afdragsfrie for derefter at skulle betales tilbage med forhøjede afdrag;

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

Michele Fauble
United States
Native speaker of: Native in EnglishEnglish
Login to enter a peer comment (or grade)



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