Sep 18, 2008 14:38
15 yrs ago
8 viewers *
French term
compensation de créance en compte courant d’associé
French to English
Bus/Financial
Finance (general)
Sorry this is a bit long. However, not being a finance specialist, I wasn't sure whether splitting it into two might affect the meaning.
The sentence in which it occurs is: "Augmentation du capital social par compensation de créance en compte courant d’associé de la société XXXX". It is from the minutes of a board meeting and is one of the matters on the agenda.
The sentence in which it occurs is: "Augmentation du capital social par compensation de créance en compte courant d’associé de la société XXXX". It is from the minutes of a board meeting and is one of the matters on the agenda.
Proposed translations
(English)
Proposed translations
+2
33 mins
Selected
extinguishment of current account debt in return for share captial
Abandon de cr´eance au profit de Bureau Veritas Japan Co
Convention autoris´ee par le Conseil de surveillance du 9 d´ecembre 2004
Soci´et´es concern´ees : Bureau Veritas S.A., Bureau Veritas Japan
Autorisation d’abandon de cr´eance par Bureau Veritas S.A. au profit de Bureau Veritas Japan Co d’un montant de
4.441.747 euros et d’augmentation de capital social par compensation de cr´eance d’un montant de 213.208 euros.
Monsieur Tardan, membre du Directoire de Bureau Veritas S.A., est membre du conseil d’administration de Bureau
Veritas Japan.
http://www.euronext.com/fic/000/026/425/264258.pdf
http://ginini-groupe.com/DocGeneral/GlossaireFr.html
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Note added at 15 hrs (2008-09-19 06:25:23 GMT)
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Unfortunately I'm no financial expert either, but that's what it seems to be saying. That glossary seems quite good doesn't it, I just came across it by chance.
Convention autoris´ee par le Conseil de surveillance du 9 d´ecembre 2004
Soci´et´es concern´ees : Bureau Veritas S.A., Bureau Veritas Japan
Autorisation d’abandon de cr´eance par Bureau Veritas S.A. au profit de Bureau Veritas Japan Co d’un montant de
4.441.747 euros et d’augmentation de capital social par compensation de cr´eance d’un montant de 213.208 euros.
Monsieur Tardan, membre du Directoire de Bureau Veritas S.A., est membre du conseil d’administration de Bureau
Veritas Japan.
http://www.euronext.com/fic/000/026/425/264258.pdf
http://ginini-groupe.com/DocGeneral/GlossaireFr.html
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Note added at 15 hrs (2008-09-19 06:25:23 GMT)
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Unfortunately I'm no financial expert either, but that's what it seems to be saying. That glossary seems quite good doesn't it, I just came across it by chance.
Note from asker:
| Thanks Alain. This may well be the answer. Thanks also for the very useful reference (2nd one). |
| Could the sentence, then, be translated as: "Increase of share capital in return for extinguishment of current account debt of the Company"? |
4 KudoZ points awarded for this answer.
Comment: "Thanks Alain; this was more or less what I used."
16 mins
capital brought in by a partner
Fixed, Fluctuating Capitals; Partners Current Accounts - [ Traduire cette page ]Profits (revenue) increase capital. Capital also increases when additional capital is brought in by the partner. Under the fluctuating capital account ...
www.futureaccountant.com/partnership-accounts/study-notes
www.futureaccountant.com/partnership-accounts/study-notes
Note from asker:
| Thank you. This société isn't a partnership, but a rather troubled company. Alain Pommet's idea is definitely closer to the mark. |
1 day 19 hrs
new equity created in compensation to a partner for forgiveness of a loan (to the company)
This is more US usage, for UK 'new equity' is 'capital increase'. 'Extinguishment of current account debt in return for share capital' is also correct for UK (I think).
Essentially one of the partners has loaned the company money. Instead of paying him back in cash, they are giving him equity in the company.
There is some ambiguity here. Who are the minutes for, the company with the new equity, or a bank or law office that is involved?
Essentially one of the partners has loaned the company money. Instead of paying him back in cash, they are giving him equity in the company.
There is some ambiguity here. Who are the minutes for, the company with the new equity, or a bank or law office that is involved?
Peer comment(s):
| neutral |
rkillings
: "forgiveness" usually implies NO consideration. This is a swap of equity for debt.
12 hrs
|
4311 days
offsetting of a shareholder's current account debt
OK, only 12 years after the fact. Fairly obvious I'd have thought, when "compensation" is understood as "offsetting". In other words the debt in the current account is transformed into equity which has not yet been paid up but which increases the company's equity value.
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