Glossary entry

Swedish term or phrase:

utköp

English translation:

external purchase

Added to glossary by Peter Linton (X)
Oct 16, 2006 08:04
17 yrs ago
Swedish term

utköp

Swedish to English Bus/Financial Business/Commerce (general)
From an employee handbook. This section deals with what employees get when they leave the company.

Proposed translations

+2
1 hr
Selected

external purchase

While Bjørnar Magnussen's answer is certainly correct in a commercial context, I am guessing that in an employee handbook it simply means that someone has to get some petty cash and go out to a nearby florists to buy flowers for an employee who is leaving the company after less than five years' service.

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Note added at 7 days (2006-10-23 11:24:06 GMT) Post-grading
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In reply to Mårten Sandberg, I think his suggestion is interesting, but I also think such sensitive details might be in an employment contract, but would not be published in an employye handbook.
Peer comment(s):

agree Bjørnar Magnussen : Yes, your interpretation is probably right here.
4 hrs
agree Clare Barnes
10 hrs
neutral Mårten Sandberg : Would it not be more likely that it refers to "getting rid" of an employee through a redundancy package e.g.?
10 hrs
Interesting interpretation, but after 5 years' service, I believe a person made redundant would get cash, but no flowers, while somebody leaving the company would get flowers but no cash.
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4 KudoZ points awarded for this answer.
+1
5 mins

buy-out

Ref: "När ett. publikt bolag köps från börsen kallas köpet för ett utköp, på engelska buyout."
Peer comment(s):

agree Charlesp
9 hrs
neutral Mårten Sandberg : It is not a "company buy-out"; possibly one could speak of "(employee) buyout"; employee is offered money to quit basically
11 hrs
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11 hrs

redundancy package/offer etc.

I.e. meaning when an employee is offered money to quit voluntarily (more or less).
(There might be various English terms for this, but I am pretty sure of the meaning).
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