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Evénement prudentiel

English translation: prudential event

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:Evénement prudentiel
English translation:prudential event
Entered by: claudiocambon
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07:22 Feb 18, 2009
French to English translations [PRO]
Bus/Financial - Finance (general)
French term or phrase: Evénement prudentiel
From a shareholder resolution discussing when and whether preference shares will be entitled to a dividend. The sentence reads:

Au titre de l’exercice 2009, le dividende préférentiel sera versé aux porteurs d’actions de préférence dans les conditions précisées dans les Statuts, c’est-à-dire sous réserve de l’existence de sommes distribuables suffisantes, de la décision de l’Assemblée générale ordinaire de voter un dividende ordinaire et le dividende préférentiel et de l’absence d’Evénement prudentiel (défini dans les Statuts).

I gather this is something like a 'Significant Event,' but I'm not sure how the 'prudentiel' colors that. Aucune idée? Thanks!
claudiocambon
United States
Local time: 19:42
prudential event
Explanation:
This term is used sometimes with preferred stock in the US. It means that the company reserves the right not to pay the dividend if there is a serious adverse event which would make it imprudent to pay the dividend because the company needed the capital.

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Note added at 16 hrs (2009-02-19 00:20:40 GMT)
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Adj. 1. prudential - arising from or characterized by prudence especially in business matters; "he abstained partly for prudential reasons"
prudent - careful and sensible; marked by sound judgment; "a prudent manager"; "prudent rulers"; "prudent hesitation"; "more prudent to hide than to fight"
Selected response from:

joehlindsay
Local time: 21:42
Grading comment
Wish i could split the points with rkillings, who also suggested this. Thanks to all for your explanations!
4 KudoZ points were awarded for this answer

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Summary of answers provided
2prudential eventjoehlindsay


Discussion entries: 3





  

Answers


16 hrs   confidence: Answerer confidence 2/5Answerer confidence 2/5
prudential event


Explanation:
This term is used sometimes with preferred stock in the US. It means that the company reserves the right not to pay the dividend if there is a serious adverse event which would make it imprudent to pay the dividend because the company needed the capital.

--------------------------------------------------
Note added at 16 hrs (2009-02-19 00:20:40 GMT)
--------------------------------------------------

Adj. 1. prudential - arising from or characterized by prudence especially in business matters; "he abstained partly for prudential reasons"
prudent - careful and sensible; marked by sound judgment; "a prudent manager"; "prudent rulers"; "prudent hesitation"; "more prudent to hide than to fight"

joehlindsay
Local time: 21:42
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 272
Grading comment
Wish i could split the points with rkillings, who also suggested this. Thanks to all for your explanations!
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