Dynamic and formal equivalence
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    Dynamic equivalence and formal equivalence are two approaches to translation. The former (also known as functional equivalence) attempts to convey the thought expressed in a source text (at the expense of literalness, original word order, the source text's grammatical voice, etc., if necessary), while the latter attempts to render the text word-for-word (at the expense of natural expression in the target language, if necessary). The two approaches represent emphases, respectively, on readability and on literal fidelity to the source text. There is, however, in reality no sharp boundary between dynamic and formal equivalence. Broadly, the two represent a spectrum of translation approaches.
    The terms "dynamic equivalence" and "formal equivalence" are associated with the translator Eugene Nida, and were originally coined to describe ways of translating the Bible, but the two approaches are applicable to any translation.
    Because dynamic equivalence eschews strict adherence to the original text in favor of a more natural rendering in the target language, it is sometimes used when the readability of the translation is more important than the preservation of the original wording. Thus a novel might be translated with greater use of dynamic equivalence so that it may read well, while in diplomacy the precise original meaning may be the uppermost consideration, favoring greater adherence to formal equivalence.
    Completely unambiguous formal translation of larger works is more goal than reality, if only because one language may contain a word for a concept which has no direct equivalent in another language. In such cases a more dynamic translation may be used or a neologism may be created in the target language to represent the concept (sometimes by borrowing a word from the source language).
    The more the source language differs from the target language, the more difficult it may be to understand a literal translation. On the other hand, formal equivalence can sometimes allow readers familiar with the source language to see how meaning was expre
ssed in the original text, preserving untranslated idioms, rhetorical devices (such as chiastic structures in the Hebrew Bible), and diction.
    The concept of dynamic equivalence applied to Bible translation was developed especially by the linguist Eugene A. Nida.
    Modern translations of the Bible that seek formal equivalence include the New American Standard Bible, the English Standard Version (the King James Version also seeks formal equivalence, albeit to 17th-century English) and Green's Literal Translation. Today's New International Version, the New International Version and the New Revised Standard Version seek a balance between dynamic and formal equivalence, while the New Living Translation makes extensive use of dynamic equivalence.
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