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opération "accordéon"

English translation: accordion feature

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:opération "accordéon"
English translation:accordion feature
Entered by: Hélène Treloar

12:59 Feb 20, 2008
French to English translations [PRO]
Bus/Financial - Business/Commerce (general)
French term or phrase: opération "accordéon"
Mme X a été successivement licenciée et quasiment exclue du capital to YYY aux moyens d'une opération "accordéon" qui encourt la nullité sur le fondement de l'abus de majorité.

This operation was a share dilution operation (through the issue of many new shares)... maybe this is the right translation?
Mpoma
United Kingdom
Local time: 03:39
accordeon feature
Explanation:
Coup d'accordéon

Opération par laquelle une entreprise réalise une réduction de capital afin d'absorber les dettes puis réalise une augmentation de capital.

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Note added at 51 mins (2008-02-20 13:51:29 GMT)
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Accordion Feature
A type of option that a company can buy that gives it the right to increase its line of credit or similar type of liability with a lender. Companies typically purchase an accordion feature in anticipation of the need for more working capital for possible expansion opportunities.




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Note added at 52 mins (2008-02-20 13:52:45 GMT)
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ooops!
accordion feature
Selected response from:

Hélène Treloar
Local time: 22:39
Grading comment
thanks
3 KudoZ points were awarded for this answer



Summary of answers provided
1accordeon feature
Hélène Treloar


  

Answers


49 mins   confidence: Answerer confidence 1/5Answerer confidence 1/5
accordeon feature


Explanation:
Coup d'accordéon

Opération par laquelle une entreprise réalise une réduction de capital afin d'absorber les dettes puis réalise une augmentation de capital.

--------------------------------------------------
Note added at 51 mins (2008-02-20 13:51:29 GMT)
--------------------------------------------------

Accordion Feature
A type of option that a company can buy that gives it the right to increase its line of credit or similar type of liability with a lender. Companies typically purchase an accordion feature in anticipation of the need for more working capital for possible expansion opportunities.




--------------------------------------------------
Note added at 52 mins (2008-02-20 13:52:45 GMT)
--------------------------------------------------

ooops!
accordion feature

Hélène Treloar
Local time: 22:39
Works in field
Native speaker of: Native in FrenchFrench, Native in EnglishEnglish
PRO pts in category: 7
Grading comment
thanks
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