GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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21:03 Jan 13, 2013 |
Finnish to English translations [PRO] Bus/Financial - Finance (general) | |||||||
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| Selected response from: Suvi Mikkola Finland Local time: 08:54 | ||||||
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Summary of answers provided | ||||
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4 | administrative expenses/obligations |
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4 | (of) preferential liabilities |
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3 | mass of indebted |
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2 | massive debts |
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mass of indebted Explanation: indebtedness: to pay the mass of indebted responsibilities Reference: http://tinyurl.com/a5m6ek6 |
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massive debts Explanation: Perhaps just 'The company is unable to pay off its massive debts' |
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administrative expenses/obligations Explanation: This may be analogical to the 'massavelat' or 'administrative expenses' that are referred to in Chapter 16, Section 2(1) of the Finnish Bankruptcy Act: "The bankruptcy estate shall be liable for the debts arising from the bankruptcy proceedings or based on a contract or commitment entered into by the estate, as well as for the debts for which the estate is liable under this Act or some other Act (administrative expenses)." ("Konkurssipesä vastaa velasta, joka johtuu konkurssimenettelystä tai joka perustuu konkurssipesän tekemään sopimukseen tai sitoumukseen sekä velasta, josta konkurssipesä on tämän tai muun lain mukaan vastuussa (massavelat).") In other words massavelkaiset vastuut are obligations that are related to the restructuring proceedings. Reference: http://www.finlex.fi/fi/laki/ajantasa/2004/20040120?search[t... Reference: http://www.finlex.fi/fi/laki/kaannokset/2004/en20040120.pdf |
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(of) preferential liabilities Explanation: Termi 'massavelka' on ilmeinen käännöslaina (en. calque) saksasta (Masseverbindlichkeiten), jota on käsitelty täällä Prozissakin. http://www.proz.com/kudoz/german_to_english/law_patents/1941... Selvitys suomenkielen 'massavelasta' löytyy mm. täältä: http://www.lakimiesyhdistys.fi/files/lakimies/ot-jp2000-2010... "Pesänselvityksen kannalta on syytä huomioida se, että liiketoiminnan jatkamisen aiheuttamat ja konkurssin alkamisen jälkeen syntyneet velat ovat niin sanottuja massavelkoja, jotka on maksettava ennen konkurssisaatavia eli ennen konkurssin alkamista syntyneitä saatavia." |
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