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bootstrap

English translation: help ourselves [out of this mess]


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23:25 Aug 10, 2007
English to English translations [PRO]
Bus/Financial - Business/Commerce (general)
English term or phrase: bootstrap
We will bootstrap off of her efforts and we will make an application to recover the 4% fee from the escrow.

What does "bootstrap" mean here specifically? Does the sentence mean, "we will help her and try to get 4% fee from the escrow"? Thank you.
Tae Kim
United States
Local time: 23:47
English translation:help ourselves [out of this mess]
Explanation:
... by building on the work already done by this woman to recover the 4% from escrow.

I read your text as suggesting that the authors are the ones in the difficulty and they are explaining the self-help they intend to exercise in the wake of someone or something not coming through.

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Note added at 1 hr (2007-08-11 00:34:48 GMT)
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Sorry. "... by building on the work already done by this woman, and we will make an application to recover the 4% from escrow."

It's not clear that the woman's efforts were toward getting the 4%, but it is clear that the authors intend to (1) engage in self-help, (2) build on her efforts and (3) make the application.

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Note added at 1 hr (2007-08-11 01:00:52 GMT)
--------------------------------------------------

Definitions
help oneself, often through improvised means
http://wordnet.princeton.edu/perl/webwn

Bootstrapping alludes to a German legend about a Baron Münchhausen, who was able to lift himself out of a swamp by pulling himself up by his own hair. In later versions he was using his own boot straps to pull himself out of the sea which gave rise to the term .
http://en.wikipedia.org/wiki/Bootstrap
(I didn't know that story!)
Selected response from:

Deborah Workman
United States
Local time: 02:47
Grading comment
Thank you to all, thank you very much.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2help ourselves [out of this mess]
Deborah Workman
4take over
Eng2Span
3cover / help financially
Fabio Descalzi


  

Answers


3 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
cover / help financially


Explanation:
http://en.wikipedia.org/wiki/Bootstrapping_(business)
Financial bootstrapping is a term used to cover different methods for avoiding using the financial resources of external investors. Bootstrapping can be defined as “a collection of methods used to minimize the amount of outside debt and equity financing needed from banks and investors” (Ebben and Johnsen, 2006:853). The use of private credit cards is the most known form of bootstrapping, but a wide variety of methods are available for entrepreneurs. While bootstrapping involves a risk for the founders, the absence of any other stakeholder gives the founders more freedom to develop the company. Many successful companies including Dell Computers were founded this way.

Fabio Descalzi
Uruguay
Local time: 05:47
Works in field
Native speaker of: Native in SpanishSpanish
Login to enter a peer comment (or grade)

18 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
take over


Explanation:
To "bootstrap" as a verb means to get something done on your own, without outside assistance... yet these guys are saying they are going to bootstrap off of the efforts of some lady... which tells me they are acknowledging this lady tried to get something done, but now they are going to build on that on their own and accomplish what needs to get done. Namely, to "make an application to recover the 4% fee from the escrow".

Eng2Span
United States
Local time: 02:47
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in SpanishSpanish
Login to enter a peer comment (or grade)

1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
help ourselves [out of this mess]


Explanation:
... by building on the work already done by this woman to recover the 4% from escrow.

I read your text as suggesting that the authors are the ones in the difficulty and they are explaining the self-help they intend to exercise in the wake of someone or something not coming through.

--------------------------------------------------
Note added at 1 hr (2007-08-11 00:34:48 GMT)
--------------------------------------------------

Sorry. "... by building on the work already done by this woman, and we will make an application to recover the 4% from escrow."

It's not clear that the woman's efforts were toward getting the 4%, but it is clear that the authors intend to (1) engage in self-help, (2) build on her efforts and (3) make the application.

--------------------------------------------------
Note added at 1 hr (2007-08-11 01:00:52 GMT)
--------------------------------------------------

Definitions
help oneself, often through improvised means
http://wordnet.princeton.edu/perl/webwn

Bootstrapping alludes to a German legend about a Baron Münchhausen, who was able to lift himself out of a swamp by pulling himself up by his own hair. In later versions he was using his own boot straps to pull himself out of the sea which gave rise to the term .
http://en.wikipedia.org/wiki/Bootstrap
(I didn't know that story!)

Deborah Workman
United States
Local time: 02:47
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 28
Grading comment
Thank you to all, thank you very much.
Notes to answerer
Asker: Oh, geez, I made a mistake. I wanted to select you and give you points. Oh, I'm so sorry, I'm sorry to Eng2span too. Oh, no, I'll make sure I'll select you next time. I'm not quite used to this site, geez, your answer was much helpful, Deborah. Sorry about this everyone. Truly sorry. Thanks to Deborah again, and to everyone, very much appreciate it.


Peer comments on this answer (and responses from the answerer)
agree  Dave Calderhead
22 mins
  -> Thanks, Dave!

agree  Can Altinbay: Yup.
15 hrs
  -> Thanks, Can!
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Changes made by editors
Aug 10, 2007 - Changes made by Fabio Descalzi:
FieldLaw/Patents => Bus/Financial
Aug 10, 2007 - Changes made by Fabio Descalzi:
Term askedboostrap => bootstrap


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