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  3. Finance (general)

AU remboursement prealable

English translation: pre-reimbursement.

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:AU remboursement prealable
English translation:pre-reimbursement.
Entered by: muitoprazer (X)

11:22 Oct 23, 2006
French to English translations [PRO]
Bus/Financial - Finance (general) / debt subordination
French term or phrase: AU remboursement prealable
I am sure this is a very easy question, but for some reason I am having trouble over the meaning of the two "AU" in this phrase, and so I'm seeking reassurance that i'm not just going barmy:

Aux terms du Protocole de Restructuration, XYZ et ses principaux créanciers obligataires sont convenus:
de la subordination d'une fraction de 15% du nominal du Passif Obligataire Restructuré et des intérets capitalisés sur ce montant, AU remboursement préalable des autres passives obligataires du XYZ, soit AU 31 décembre 2005, une somme totale de 123 en capital.

Does it simply mean that the 15% will be subordinated upon prior payment of the other liabilities, which is due to take place on/by 31 December?
My Monday morning brain is not working well.
Thanks!!!
Wendy Cummings
United Kingdom
Local time: 20:21
pre-reimbursement.
Explanation:
http://www.csom.umn.edu/Page4325.aspx
think AU may just mean au.
Selected response from:

muitoprazer (X)
Local time: 20:21
Grading comment
Thanks
2 KudoZ points were awarded for this answer



Summary of answers provided
3pre-reimbursement.
muitoprazer (X)


Discussion entries: 1





  

Answers


8 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
pre-reimbursement.


Explanation:
http://www.csom.umn.edu/Page4325.aspx
think AU may just mean au.

muitoprazer (X)
Local time: 20:21
Native speaker of: Native in EnglishEnglish
PRO pts in category: 2
Grading comment
Thanks
Notes to answerer
Asker: The capitalisation is my own to highlight the words; the original text is in lower case 'au'.

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