fullverdigrunnlag

English translation: full value basis

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Norwegian term or phrase:fullverdigrunnlag
English translation:full value basis
Entered by: Adrian MM. (X)

14:09 Nov 13, 2014
Norwegian to English translations [PRO]
Bus/Financial - Insurance / Company insurance policy
Norwegian term or phrase: fullverdigrunnlag
Hi - I'm trying to find the proper English translation for fullverdigrunnlag. It appears in a description bullet point:

Fullverdigrunnlag: Antatt gjenoppføringskostnad

And in the sentence:


Alle endringer i eiendomsportefølje og fullverdigrunnlag, samt øvrige forhold som vil kunne påvirke forsikringen, skal varsles til QD, som deretter videreformidler endrings-behovet til megler og forsikringsselskap.

Thanks for your help!
dmesnier
United States
Local time: 16:14
full (replacement/reinstatement) value basis
Explanation:
A literal translation seems to be the term of art.
Selected response from:

Adrian MM. (X)
Local time: 22:14
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4full (replacement/reinstatement) value basis
Adrian MM. (X)


  

Answers


16 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
full (replacement/reinstatement) value basis


Explanation:
A literal translation seems to be the term of art.

Example sentence(s):
  • The term replacement cost or replacement value refers to the amount that an ... In the insurance industry, "replacement cost" or "replacement cost value" is one of several method of determining the value of an insured item.

    Reference: http://en.wikipedia.org/wiki/Replacement_value
Adrian MM. (X)
Local time: 22:14
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 16
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