GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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10:36 Sep 5, 2008 |
French to English translations [PRO] Bus/Financial - Finance (general) | |||||||
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| Selected response from: joehlindsay Local time: 07:10 | ||||||
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Summary of answers provided | ||||
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3 | capital to be provided for |
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3 | Provision for capital |
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3 | return principal, principal to be returned |
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3 | deliverable principal |
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Discussion entries: 4 | |
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capital to be provided for Explanation: capital to be provided for towards redemption of the term deposit on its maturity |
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Provision for capital Explanation: Is this a heading? I think it's what they are calculating the capital will amount to at the end of the deposit period Reference: http://www.lga.gov.uk/lga/core/page.do?pageId=39680 |
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return principal, principal to be returned Explanation: The amount of the deposit to be returned exclusive of any gains in a forex contract. rkillings note about 'notional should also be considered. Example sentence(s):
Reference: http://www.fxstable.com/?a=show_package_info&id=2 |
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deliverable principal Explanation: assuming this is an "outright" currency forward, or even a "nondeliverable" forward (meaning one settled in the source currency). Say "principal" rather than "capital". If it is actually a Forward Rate Agreement, meaning a swap (and much more common than true "forwards"), then you want to be talking about "notional principal". -------------------------------------------------- Note added at 1 day12 hrs (2008-09-06 22:49:55 GMT) -------------------------------------------------- The purpose of the definition (= amount that would have been in a time deposit at maturity) is not clear, unless it is meant to cover a currency redomination. In any case, the funds that the party would have to 'pourvoir' at maturity is the amount deliverable at settlement. |
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