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Schuldanerkenntnis

acknowledgement of debt; formal admission that a sum is owed

noun SHOOLT-an-er-kent-nis Rare

Usage Note

Schuldanerkenntnis (§ 781 BGB) creates an independent basis for a creditor's claim even if the underlying contract is disputed. It must be in writing; if notarised, it can serve as an enforceable title (Vollstreckungstitel). Plural: Schuldanerkenntnisse.

Examples

"Er unterzeichnete ein Schuldanerkenntnis über die ausstehende Summe."

Natural Translation

He signed an acknowledgement of debt for the outstanding sum.

Literal Translation

He signed an acknowledgement of debt over the outstanding sum.

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