bono de disfrute

English translation: Preferred Bonds.

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Spanish term or phrase:	bono de disfrute
English translation:	Preferred Bonds.
Entered by:	MikeGarcia

11:07 Oct 3, 2002

Spanish to English translations [PRO]
Bus/Financial / corporate

Spanish term or phrase: bono de disfrute

A Shareholders' Agreement.
"La Compañía no tiene emitidos, ni acordada la emisión de, bonos de disfrute ni de obligaciones o cualquier otro tipo de título-valor o instrumento financiero, ..."

Sheilann KudoZ activity Questions: 94 (none open) (1 closed without grading) Answers: 1112 Spain
Local time: 06:03

Preferred Bonds.

Explanation:
Equivalent to founder´s shares in terms of type of security,but they are bonds, not shares, therefore they do not form part of the equity capital of the Company.

Selected response from:

MikeGarcia
Spain
Local time: 06:03

Grading comment

Having consulted with the Lawyer, this seems to be the most approproate transation. It isn't a share and has no voting rights.
Founder's share seemed a bit odd because the company in questin has beenin existence for well over 50 years and has no milestone anniversary coming up, whhc could be an occasion to launch a commemorative issue.
Thanks to everyone.
4 KudoZ points were awarded for this answer

Summary of answers provided

5 +2

founder's shares

Marian Greenfield

4 +2

founding shares

Parrot

5 +1

Preferred Bonds.

MikeGarcia

non-voting equity security

tramont (X)

Abajo

Lila del Cerro

Answers

20 mins confidence:

peer agreement (net): +2

founding shares

Explanation:
is one possibility, as of this def. from the Bolsa de Valencia:

ACCIÓN DE DISFRUTE

Valor que permite participar en forma limitada, cuantitativa y temporalmente en los beneficios de la sociedad. Se ofrece a los fundadores (bonos de fundador) y a los accionistas cuyas acciones han sido amortizadas. Se denominan también bonos de disfrute y acciones de goce.

ACCIÓN DE GOCE

Acción que ya ha sido reembolsada en su nominal y que sólo da derecho a un dividendo excepcional. Véase " Acción de disfrute".

However, another definition I came across is NON-VOTING (but dividend-paying) SHARE. (Cf., French "jouissance").

Reference: http://www.sendafinanciera.com/servicios/dicciona/dicc_b.htm
Reference: http://www.bolsavalencia.es/Diccionario/a.htm

Parrot
Spain
Local time: 06:03
Native speaker of: English
PRO pts in pair: 7645

48 mins confidence:

non-voting equity security

Explanation:
See the Spanish and English versions of the Roche Group's half-year results for 2001 at the references below.

Reference: http://www.roche.es/noticias/01/15ago01.htm
Reference: http://www.roche.com/pages/downloads/investor/pdf/reports/hy...

tramont (X)
PRO pts in pair: 31

1 hr confidence:

peer agreement (net): +2

founder's shares

Explanation:
Flying Scotsman Railways
... Commemorative Founder's Share Certificates are now being posted to
all those investors who subscribed during the offer period. The ...
www.flyingscotsman.com/invest.htm - 15k - Cached - Similar pages

Flying Scotsman Railways
... Commemorative Founder's Share Certificates are now being posted to all
those who subscribed for shares during the public share offer. ...
www.flyingscotsman.com/news.htm - 47k - 1 Oct 2002 - Cached - Similar pages

1993 Becomes a partner of Sun Enterprise 1994 Company is ...
... to reward people. One way to attract and retain talent is through
our founder's share scheme," Mr Ting said. Frontline's chairman ...
www.frontline.com.sg/news_report21.htm - 9k - Cached - Similar pages

Panorama-È«¾°ÍøÂç- ...
... share. 0.00. H share. 0.00. State-owned share. 0.00. Legal preson
share. 0.00. Founder's share. 30,000,000 shares. Employee¡¯s share.
0.00. ...
www.p5w.net/wszb/phjj/english/qxjj.htm - 31k - Cached - Similar pages

ABA - activos - [ Translate this page ]
... share. acci¨®n-cubierta-paid-up-share. acci¨®n-de-capital-share-of-stock,-capital-share.
acci¨®n-de-fundador-founder's-share. acci¨®n ...
www.ctv.es/USERS/amiles/glossarysa1.htm - 101k - Cached - Similar pages

arcweb.sos.state.or.us/legislative/legislativeminutes/1993%20House%20Revenue-Sub%20Small/hRSF040693smal.txt
... He compared this term with another in this section, "founder's share," and related
these two terms to language in the rest of Section 2. Questions and ...
20k - Cached

You Can Be An Entrepreneur
... Ecclesiastes 5:18). Look for opportunities to exchange your time and
talent or money into "founder's share" in new ventures. Don't ...
www.nukanweb.com/articles/10102000.htm - 15k - Cached - Similar pages

Tuja Vlaganja v Jugoslaviji
... or Memorandum of Association;; Resolution of Federal authority for defense (if required);;
Evidence of payment of initial capital or founder's share; Deposited ...
www.jpm.co.yu/eng/investments04.htm - 13k - Cached - Similar pages

[PDF]Report and Financial Statements
File Format: PDF/Adobe Acrobat - View as HTML
... 10p each. (iv) 899,999 of the Founder's shares were issued at a premium
of 3p and One Founder's share at par value of 10p. On 17 ...
www.kmc.co.uk/Investors/Reports/ Norland%20Capital%20Group%20PLC%201995.pdf - Similar pages

20 years' experience in financial/legal translation

Marian Greenfield
Local time: 00:03
Native speaker of:

English
PRO pts in pair: 14617

1 hr confidence:

peer agreement (net): +1

Preferred Bonds.

Explanation:
Equivalent to founder´s shares in terms of type of security,but they are bonds, not shares, therefore they do not form part of the equity capital of the Company.

Lawyer since 1976 in Argentina.30 years as International Banker.

MikeGarcia
Spain
Local time: 06:03
Native speaker of:

Spanish
PRO pts in pair: 2592

Grading comment

6 hrs confidence:

Abajo

Explanation:
En base a la siguiente definición:

beneficial owner: The individual who enjoys the benefits of owning a security or property, regardless of whose name the title is in.

que se refiere al disfrute y no a la propiedad, yo diría que tus "bonos de disfrute" son "beneficial Bonds" o "beneficial shares".

Como por ejemplo en:

... shareholders ii) Total number of shares issued iii) Total number of direct and beneficial shares held by Directors or Officers iv) Please give full details of any shareholder holding ...
http://www.fabieninsurance.co.uk/directors.htm (9.0 kB)

HTH

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Note added at 2002-10-03 19:40:40 (GMT)
--------------------------------------------------

Justamente Rualina acaba de hacer una pregunta en el par inverso, sobre \"beneficially owned\" shares.

Lila del Cerro
Uruguay
Local time: 01:03
Native speaker of: Spanish
PRO pts in pair: 517

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English translation: Preferred Bonds.

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