meeverbonden

English translation: associated/linked

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:meeverbonden
English translation:associated/linked
Entered by: Willemina Hagenauw

10:04 Dec 9, 2020
Dutch to English translations [PRO]
Bus/Financial - Finance (general) / mortgages
Dutch term or phrase: meeverbonden
De aflossing van de hypothecaire schuld, de eventueel verschuldigde premies voor de meeverbonden gemengde verzekeringen worden niet als kosten van de huishouding beschouwd.

This is from a cohabitation contract. Does "meeverbonden" mean in this respect that the insurances are part of the mortgage contract, i.e. if you want the mortgage, you also have to take out the insurance?
Willemina Hagenauw
Local time: 14:32
associated/linked
Explanation:
I read it like you do. E.g. death cover so the part of the mortgage paid by the dead partner is paid off. I don't know if home insurance is covered by this. It is mandatory by law and no lender will give you a mortgage without proof of it in Belgium, but then maybe it is deemed to be a 'household management cost'.

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Note added at 8 mins (2020-12-09 10:12:52 GMT)
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'Various insurance premiums linked to the mortgage '

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Note added at 12 mins (2020-12-09 10:17:40 GMT)
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Hmmm, probably not. These things are always opt-ins as far as I know. In Belgium anyway, I suspect as it is illegal to sell anything as a requirement for the main sale (koppelverkoop). Besides, I think it would then then be impossible to change insurance company for something like life insurance.

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Note added at 13 mins (2020-12-09 10:18:00 GMT)
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Otherwise as the client.
Selected response from:

Kirsten Bodart
United Kingdom
Local time: 15:32
Grading comment
Thanks to all contributors!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +3associated/linked
Kirsten Bodart
4relevant / co-insured
Cillie Swart
3BrE: endowment/ mortgage /
Adrian MM.
3collaterally assigned
Kitty Brussaard
Summary of reference entries provided
meeverbinden = koppelen aan / meeverbonden = daaraan gekoppelde
Barend van Zadelhoff

Discussion entries: 2





  

Answers


6 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
associated/linked


Explanation:
I read it like you do. E.g. death cover so the part of the mortgage paid by the dead partner is paid off. I don't know if home insurance is covered by this. It is mandatory by law and no lender will give you a mortgage without proof of it in Belgium, but then maybe it is deemed to be a 'household management cost'.

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Note added at 8 mins (2020-12-09 10:12:52 GMT)
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'Various insurance premiums linked to the mortgage '

--------------------------------------------------
Note added at 12 mins (2020-12-09 10:17:40 GMT)
--------------------------------------------------

Hmmm, probably not. These things are always opt-ins as far as I know. In Belgium anyway, I suspect as it is illegal to sell anything as a requirement for the main sale (koppelverkoop). Besides, I think it would then then be impossible to change insurance company for something like life insurance.

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Note added at 13 mins (2020-12-09 10:18:00 GMT)
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Otherwise as the client.

Kirsten Bodart
United Kingdom
Local time: 15:32
Specializes in field
Native speaker of: Native in DutchDutch, Native in EnglishEnglish
PRO pts in category: 26
Grading comment
Thanks to all contributors!
Notes to answerer
Asker: I just wonder if the "meeverbonden" means that they are part of the mortgage contract, so if they do not get a mortgage without taking the "meeverbonden" insurance.

Asker: Thank you for that. This is a Dutch document, though. I don't know if the situation in the Netherlands differs from Belgium?


Peer comments on this answer (and responses from the answerer)
agree  philgoddard: I don't think it matters for translation purposes whether it's compulsory or not.
5 hrs

agree  writeaway
5 hrs

agree  Barend van Zadelhoff: Zo lijkt het: de meeverbonden - de daaraan gekoppelde
23 hrs
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3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
relevant / co-insured


Explanation:
not sure why it says eventueel - de eventueel verschuldigde premies ... why would the contributions be contingent and what would they be contingent upon? Someone not dying? Doesn't make sense.

The sentence looks incorrect, looks like there is a missing, "As regards" in the beginning.


    https://www.deepl.com/translator?utm_source=lingueebanner1&il=en#nl/en/meeverbonden%20gemengde%20verzekeringen
    https://www.brokerlink.ca/blog/co-insurance-explained
Cillie Swart
South Africa
Local time: 16:32
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 3
Notes to answerer
Asker: Maybe "eventueel" refers to the fact that premiums may not be required as no insurances have to be taken out...

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5 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
meeverbonden gemengde verzekeringen
BrE: endowment/ mortgage /


Explanation:
Endowment, life assurance-linked mortgages are an option in the UK but, here, seems to be a no-option scene.

'An endowment mortgage is a mortgage loan arranged on an interest-only basis where the capital is intended to be repaid by one or more (usually Low-Cost) endowment policies. The phrase "endowment mortgage" is used mainly in the United Kingdom by lenders and consumers to refer to this arrangement and is not a legal term.'

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Note added at 6 heures (2020-12-09 16:40:11 GMT)
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Though my knowledge of Dutch is threadbare, I doubt meevorbonden - as optionally co-linked like mitverbunden in DEU - is the same as a compulsory-bound verbonden commitment, besides which 'de *eventueel* verschuldigde premies voor de meeverbonden gemengde verzekeringen ' as any premiums owed suggests it is not. Otherwise, should we be worried that no else has picked up on the endowment point....

Example sentence(s):
  • IATE: Entry domains: administrative law [POLITICS > executive power and public service] demography and population (2816) [SOCIAL QUESTIONS] COM en endowment mortgage COM nl hypotheek met gemengde levensverzekering COM

    Reference: http://iate.europa.eu/search/standard/result/1607528506289/1
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
Notes to answerer
Asker: Thank you for that. I once had an endowment and I know how it works. The text refers to possible premiums for insurances, so in the event that they take out a type of mortgage that necessitates or requires any insurance, like a life insurance or an insurance that covers the mortgage if you are incapacitated for work. For me the "verbonden" signifies that you are bound to take it. So no mortgage without the insurance. But I may be misinterpret it.

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1 day 1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
collaterally assigned


Explanation:
In this specific context, 'meeverbonden' means that the relevant life insurance policies ('gemengde verzekeringen') have been assigned as collateral to the mortgage provider in order to secure the loan.

The term 'gemengde verzekeringen' covers 'assurance on survival to a stipulated age or on earlier death'. See also the link in my D-box entry.


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Note added at 1 day 1 hr (2020-12-10 11:46:22 GMT)
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In other words, meeverbonden = tot zekerheid meeverbonden = als onderpand dienend = verpand.

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Note added at 1 day 3 hrs (2020-12-10 13:21:14 GMT)
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Hi Willemina, you're welcome and indeed, 'endowment' seems absolutely fine here. Note also that 'pledged' could be an alternative for 'collaterally assigned'. In this specific case, 'meeverbonden gemengde verzekeringen" >> endowment policies/contracts taken out together with the loan and pledged to the relevant lender in order to secure the loan.

Kitty Brussaard
Netherlands
Local time: 15:32
Specializes in field
Native speaker of: Native in DutchDutch
PRO pts in category: 91
Notes to answerer
Asker: Many thanks. Mixed insurances is translated by Van den End as "Endowment", which seems to fit the context. An endowment mortgage goes hand in hand with an insurance to ensure that at the end of the term the capital of the mortgage will be paid out. There has been a lot to do about these in the past in the UK, due to the insurance shortfall that many encountered...

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Reference comments


23 hrs peer agreement (net): +1
Reference: meeverbinden = koppelen aan / meeverbonden = daaraan gekoppelde

Reference information:
meeverbinden met een nieuwe Spaargarant Hypotheek - koppelen aan een nieuwe Spaargarant Hypotheek

nog niet is meeverbonden - nog niet is gekoppeld aan

Aflossen hypotheek
Artikel 4
4.1 Bij het algeheel aflossen van de hypotheek kan het volgende met de Spaargarant Verzekering gebeuren:
a. bij verkoop voortzetten
bij verkoop van de betrokken woning kan de verzekering nog maximaal zes maanden ongewijzigd worden voortgezet;
b. meeverbinden met een nieuwe Spaargarant Hypotheek
de verzekering kan direct worden meeverbonden met een bij de hypotheeknemer nieuw gesloten Spaargarant Hypotheek;
c. omzetten in andere levensverzekering
de verzekering kan direct in een andere door de maatschappij gevoerde levensverzekering worden omgezet;
d. beëindigen
de verzekering eindigt en afkoop zal plaatsvinden.

De voorwaarden OPT-63 bepalen in artikel 9 en 16 hetzelfde over de vaststelling van de premie en de gevolgen van het aflossen van de hypothecaire lening. In afwijking van de voorwaarden SPG-972 bepalen deze voorwaarden dat Verzekeraar de verzekering na zes maanden mag beëindigen als de verzekering nog niet is meeverbonden met een nieuw gesloten Spaargarant Hypotheek.

https://www.kifid.nl/fileupload/jurisprudentie/GeschillenCom...

zonder meeverbonden - zonder een daaraan gekoppelde

Voortzetten polis na aflossen hypotheek
Het mechanisme waarbij het rendement op de verzekering gelijk is aan de hypotheekrente van de bank, bestaat door een zogenaamd "arrangement" tussen de bank en de verzekeraar die samen de spaarhypotheek aanbieden. Dit betekent dat de verzekering niet als spaarpolis kan voortbestaan zonder meeverbonden geldlening: als de lening wordt afgelost, wijzigt het rendement naar een soort basisrente, die vaak lager ligt dan het oorspronkelijke rendement. Daardoor zal de premie van de polis omhoog gaan, of het spaardoel van de polis zal niet worden gehaald op de beoogde einddatum. Ook betekent dit dat een verzekering van een spaarhypotheek bij de ene bank niet zonder meer kan worden voortgezet als onderdeel van een spaarhypotheek bij een andere bank. De meeste banken werken slechts met één verzekeraar samen.

https://nl.wikipedia.org/wiki/Spaarhypotheek

Barend van Zadelhoff
Netherlands
Native speaker of: Native in DutchDutch
PRO pts in category: 4
Note to reference poster
Asker: Many thanks!


Peer comments on this reference comment (and responses from the reference poster)
agree  Kitty Brussaard: Meer specifiek in deze context: tot zekerheid meeverbonden gemengde (levens)verzekeringen. EN collateral assignment of XX, collaterally assigned XX. / E.e.a. is juist, maar 'verpanden' is een synoniem waar je misschien beter mee bekend bent.
21 mins
  -> Geen idee, jij bent hier veel meer in thuis dan ik ('tot zekerheid meeverbonden' slechts 15 G-hits), het enige wat ik zie, is wat het in context lijkt te betekenen.
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