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English to Romanian translations [PRO]
Bus/Financial - Accounting | | English term or phrase: out of money | Entities A and B own 80 percent and 20 percent respectively of the ordinary shares that carry voting rights at a general meeting of shareholders of Entity C. A sells one-half of its interest to entity D and buys call options from Entity D that are exercisable at any time at a premium to the market price when issued, and if exercised would give Entity A its original 80 percent ownership interest and voting rights.
Though the options are ***out of money***, they are currently exercisable and give Entity A the power to continue to set the operating and finacial policies of Entity C, because Entity A could exercise its option now.
Mulțumesc |
| Vera CosteaKudoZ activityQuestions: 168 ( 1 open) ( 3 without valid answers) ( 8 closed without grading) Answers: 378
Canada
| | Local time: 10:15
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| | Selected response from:
 Iosif JUHASZ
Romania
Local time: 17:15
| Grading comment Mulțumesc!
4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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11 mins confidence:  
15 mins confidence: peer agreement (net): +11 | |
The translation workplace 
