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défaut de trésorerie

English translation: Payment default/default of payment

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:défaut de trésorerie
English translation:Payment default/default of payment
Entered by: Julie Barber

08:48 May 25, 2006
French to English translations [PRO]
Bus/Financial - Finance (general) / company finances
French term or phrase: défaut de trésorerie
context: 'Ce club avait un défaut de trésorerie de 50 millions d'euros pour des non paiements de charges salariales et sociales.'
Colin Smith
United Kingdom
Local time: 18:12
see below
Explanation:
I found this which makes me think that it might be more than simply a short fall....(although I don't have a clear answer!)...
and it would be good to look for a clearer definition of 'default' based on the below:

Défaut de paiement (pour plus de détails voir page 981)

c’est la première manifestation concrète des difficultés financières d’une entreprise. Il s’agit du non respect d’un contrat liant un débiteur à un créancier. Le débiteur ne règle pas une échéance de dette (financière ou d’exploitation) ou d’intérêts. Ce défaut peut être volontaire ou non.

Equivalent anglais : Bankruptcy

http://www.vernimmen.net/html/glossaire/definition_defaut_de...

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Note added at 59 mins (2006-05-25 09:48:29 GMT)
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could the défaut be a court order?

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Note added at 1 hr (2006-05-25 09:51:05 GMT)
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a court order of 50m Euros for the non-payment of employers NI contributions / on-costs on salaries ?

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Note added at 1 hr (2006-05-25 09:52:41 GMT)
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a court/bankruptcy order?

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Note added at 3 hrs (2006-05-25 12:33:00 GMT)
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Default:
The failure to repay a loan on schedule or to make timely payment of interest. If the borrower defaults, his bank will initiate certain legal actions to recover its money or seize the security pledged as collateral for the loan.

Français: Défaut

Défaut:
(1) La défaillance à rembourser un prêt qui vient à échéance ou à payer à temps les intérêts. Si le débiteur est en défaut, sa banque entreprend certaines actions juridiques afin de récupérer son argent,ou bien pour saisir les actifs nantis à titre de garantie pour le prêt.

http://www.intracen.org/tfs/docs/glossary/de.htm

In this sort of context?

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Note added at 4 hrs (2006-05-25 12:56:15 GMT)
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http://www.lenouveaucourrier.ccip.fr/article.asp?id=716
Quelle est la principale erreur commise par les dirigeants de PME ?
Nicolas Beaudouin : Ils ont souvent tendance à financer des projets de long terme avec des capitaux à court ou moyen terme. Ce qui est tentant dans la conjoncture actuelle, avec des taux de crédit très bas. Mais ce n’est pas réaliste. Quand une entreprise manque de fonds propres, sa structure financière est fragile. Au moindre faux-pas – un défaut de trésorerie, un banquier qui s’en va, par exemple – l’entreprise se retrouve au bord du dépôt de bilan.

yes I think it's a payment defaut

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Note added at 4 hrs (2006-05-25 12:56:33 GMT)
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typo! default
Selected response from:

Julie Barber
United Kingdom
Local time: 18:12
Grading comment
This would appear to be correct in most of these contexts. Thankyou.
4 KudoZ points were awarded for this answer



Summary of answers provided
5default on payment
gabuss
3 +1cash shortfall / deficit
Richard Quinn
4lack of treasury
Isabel Hohneck
3 -1see below
Julie Barber


Discussion entries: 2





  

Answers


7 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
cash shortfall / deficit


Explanation:
this is just a suggestion - the idea being that it was unable to pay for want of cash

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Note added at 27 mins (2006-05-25 09:16:46 GMT)
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or the money was paid and there is a shortfall in cash as a result... depends on the context

Richard Quinn
Local time: 19:12
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 43

Peer comments on this answer (and responses from the answerer)
neutral  Julie Barber: not sure because it says that the club has this 'défaut de trésorerie' *for* NON-payment.....unless I'm reading it wrong..
16 mins
  -> yes, it could be there is a cash shortfall due to payment of that amount.
agree  df49f (X)
7 hrs
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2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
lack of treasury


Explanation:
A lack of treasury does not necessarily mean cash.

Isabel Hohneck
Germany
Local time: 19:12
Specializes in field
Native speaker of: German
PRO pts in category: 26

Peer comments on this answer (and responses from the answerer)
neutral  Julie Barber: What do you mean? I've not understood your explanation. thanks
2 hrs
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34 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): -1
see below


Explanation:
I found this which makes me think that it might be more than simply a short fall....(although I don't have a clear answer!)...
and it would be good to look for a clearer definition of 'default' based on the below:

Défaut de paiement (pour plus de détails voir page 981)

c’est la première manifestation concrète des difficultés financières d’une entreprise. Il s’agit du non respect d’un contrat liant un débiteur à un créancier. Le débiteur ne règle pas une échéance de dette (financière ou d’exploitation) ou d’intérêts. Ce défaut peut être volontaire ou non.

Equivalent anglais : Bankruptcy

http://www.vernimmen.net/html/glossaire/definition_defaut_de...

--------------------------------------------------
Note added at 59 mins (2006-05-25 09:48:29 GMT)
--------------------------------------------------

could the défaut be a court order?

--------------------------------------------------
Note added at 1 hr (2006-05-25 09:51:05 GMT)
--------------------------------------------------

a court order of 50m Euros for the non-payment of employers NI contributions / on-costs on salaries ?

--------------------------------------------------
Note added at 1 hr (2006-05-25 09:52:41 GMT)
--------------------------------------------------

a court/bankruptcy order?

--------------------------------------------------
Note added at 3 hrs (2006-05-25 12:33:00 GMT)
--------------------------------------------------

Default:
The failure to repay a loan on schedule or to make timely payment of interest. If the borrower defaults, his bank will initiate certain legal actions to recover its money or seize the security pledged as collateral for the loan.

Français: Défaut

Défaut:
(1) La défaillance à rembourser un prêt qui vient à échéance ou à payer à temps les intérêts. Si le débiteur est en défaut, sa banque entreprend certaines actions juridiques afin de récupérer son argent,ou bien pour saisir les actifs nantis à titre de garantie pour le prêt.

http://www.intracen.org/tfs/docs/glossary/de.htm

In this sort of context?

--------------------------------------------------
Note added at 4 hrs (2006-05-25 12:56:15 GMT)
--------------------------------------------------

http://www.lenouveaucourrier.ccip.fr/article.asp?id=716
Quelle est la principale erreur commise par les dirigeants de PME ?
Nicolas Beaudouin : Ils ont souvent tendance à financer des projets de long terme avec des capitaux à court ou moyen terme. Ce qui est tentant dans la conjoncture actuelle, avec des taux de crédit très bas. Mais ce n’est pas réaliste. Quand une entreprise manque de fonds propres, sa structure financière est fragile. Au moindre faux-pas – un défaut de trésorerie, un banquier qui s’en va, par exemple – l’entreprise se retrouve au bord du dépôt de bilan.

yes I think it's a payment defaut

--------------------------------------------------
Note added at 4 hrs (2006-05-25 12:56:33 GMT)
--------------------------------------------------

typo! default

Julie Barber
United Kingdom
Local time: 18:12
Works in field
Native speaker of: English
PRO pts in category: 132
Grading comment
This would appear to be correct in most of these contexts. Thankyou.
Notes to answerer
Asker: Julie I think you're on to something with the court order - to make sense of the whole sentence it may be something like 'in payment default on 50m euros of salaries... etc'

Asker: Thanks for your input - but payment default is exactly that - failing to pay maturing liabilities on due date due to lack of cash - what would you propose in its place (bearing in mind the full context of the orifginal question)?. Thanks

Asker: (Above comment/question is for df49f)


Peer comments on this answer (and responses from the answerer)
agree  MikeGarcia
1 hr
  -> thanks
disagree  df49f (X): P/G: faux-sens: défaut de trésorerie par opposition à excédent de trésorerie - i.e. cash deficit (& because of a negative cash balance, it can't pay its liabilities - payment default won't even come into play since they can't even issue a payment)
7 hrs
disagree  Christopher RH: with df49f: "payment default" means what is described in the answer, but that does NOT make it correspond to the question. If anything I would think that the source French was incorrectly phrased.
4 days
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4 hrs   confidence: Answerer confidence 5/5
default on payment


Explanation:
the answer selected is ok as I found in World Bank glossaries "défaut de paiement"= "default (on payment)".

gabuss
Local time: 17:12
Specializes in field
Native speaker of: Native in FrenchFrench
PRO pts in category: 43
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