Evénement prudentiel

English translation: prudential event

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

French term or phrase:	Evénement prudentiel
English translation:	prudential event
Entered by:	claudiocambon

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 KudoZ activity Questions: 243 (4 open) (13 closed without grading) Answers: 249 United States
Local time: 02:45

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: 04:45

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

Summary of answers provided

prudential event

joehlindsay

Discussion entries: 3

Answers

16 hrs confidence:

prudential event

joehlindsay
Local time: 04:45
Specializes in field
Native speaker of:

English
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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