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|English to English translations [PRO]|
Bus/Financial - Economics
|English term or phrase: Going-concern Capital vs. Gone-concern Capital|
|Dear Colleagues, |
I am trying to translate the two adjectives: "going-concern" and "gone-concern" into Arabic, but couldn't because simply I don't understand the meaning.
I would highly appreciate it if you could kindly explain the meaning in simple words or just rephrase it for me.
The context goes as follows:
Tier 1 capital is “going concern” capital, whereas Tier 2 capital is “gone concern” capital
Thanks for your help in advance
|English translation:capital for an ongoing business or for a business in extinction|
You will find a good explanation at the link below.
"The capital proposals draw a distinction between Tier 1 Capital, which is referred to in parenthetical references as “going-concern capital”, and Tier 2 Capital, which is referred to in parenthetical references as “gone-concern capital” – that is, capital that acts as support for depositors in receivership, bankruptcy or liquidation but has less of a role in preserving the bank as a going concern."
Selected response from:
Local time: 19:14
|Thanks so much |
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8 mins confidence: peer agreement (net): +1 | |
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