beváltáskor

Beváltáskor is a Hungarian term that can be translated to "at redemption" or "upon encashment." It refers to the act or moment when a financial instrument, debt, or voucher is exchanged for its monetary value or the goods/services it represents.

This term is commonly encountered in various financial contexts. For example, when a bond matures, the investor redeems it for its face value; this redemption is the beváltáskor. Similarly, if a company issues convertible bonds, the holder can choose to convert them into shares or redeem them for cash, with the latter being the beváltáskor.

In the context of gift cards or vouchers, beváltáskor signifies the point at which the holder presents the card or voucher to a merchant and receives the corresponding value in goods or services. This is often the final stage of using such an instrument.

The legal and financial implications of beváltáskor can vary depending on the specific instrument. For instance, there might be specific deadlines for redemption, potential fees associated with the process, or conditions that must be met. Understanding the precise meaning of beváltáskor within its given context is crucial for all parties involved to ensure a smooth and correct transaction. It generally marks the culmination of a financial agreement or the realization of a promised value.