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souscrire par compensation

English translation: shall subscribe by drawing against its line of credit

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21:12 Jul 10, 2003
French to English translations [PRO]
Bus/Financial - Investment / Securities / investment banking
French term or phrase: souscrire par compensation
Context: a memorandum of agreement regarding capital contributions among various companies.
Wording: "Pour cette second vague d'apports, X souscrira par compensation avec sa ligne de crédit, qui sera réduite d'autant."
Stephanie Mitchel
United States
Local time: 05:55
English translation:shall subscribe by drawing against its line of credit
Explanation:
That how I would write it...

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Note added at 2003-07-11 17:01:11 (GMT)
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X shall subscribe by drawing against its line of credit, which will be reduced by said amount.
Selected response from:

Jane Lamb-Ruiz
Grading comment
4 KudoZ points were awarded for this answer

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Summary of answers provided
5 +2shall subscribe by drawing against its line of creditJane Lamb-Ruiz


  

Answers


10 mins   confidence: Answerer confidence 5/5 peer agreement (net): +2
shall subscribe by drawing against its line of credit


Explanation:
That how I would write it...

--------------------------------------------------
Note added at 2003-07-11 17:01:11 (GMT)
--------------------------------------------------

X shall subscribe by drawing against its line of credit, which will be reduced by said amount.

Jane Lamb-Ruiz
Works in field
Native speaker of: Native in EnglishEnglish, Native in PortuguesePortuguese
PRO pts in category: 111

Peer comments on this answer (and responses from the answerer)
agree  xxxPaulaMac: But it says the line of credit will be reduced - is that backwards? Or by reduced do they mean the amount available is lesser - yeah, that's probably it. Just answered my own question. What do you think?
6 hrs
  -> if you draw against a line of credit it is reduced by that amount

agree  Yolanda Broad
3 days5 hrs
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