GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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16:19 Jun 29, 2001 |
French to English translations [PRO] Bus/Financial - Management | |||||||
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| Selected response from: Marcus Malabad Canada | ||||||
Grading comment
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Summary of answers provided | ||||
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na +1 | see explanation |
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na +1 | "loss", "depreciation", "devaluation", or "writedown" ? |
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na | Downgrading /Rebate |
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see explanation Explanation: Décote, in the area of securities, is a discount on the parity rate or a below-par rating. With respect to taxes, it refers to a marginal tax relief (for persons whose income just reaches the point where it is taxable). So depending on whether your text is referring to taxes or securities, it would come out as: "To demonstrate with figures that the insurance premium would allow [us] to protect ourselves against the significant financial risk of (a below-par rating/marginal tax relief). I think the text is about the former so I would go for 'below-par rating'. 3 years with Price Waterhouse and 2 with KPMG translating texts like these. Yech! Reference: http://www.union-network.org/uniibits.nsf/172541a5444b8445c1... Reference: http://www.global-competition.com/rating/rating.htm |
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Grading comment
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Downgrading /Rebate Explanation: French explanaition La décote d'un titre est la différence négative de cours entre le cours actuel d'un titre et le cours d'actions comparables. Ainsi lorsque dans un même secteur d'activité, une action d'une société semble moins chère (car son PER est moins élevé ou selon un autre critère) que des actions d'entreprises concurrentes, et ce sans aucune justification (en termes de prévisions de croissance ou autres) il peut sembler intéressant d'opter pour l'action décotée plutôt que d'acheter ses rivales. It is used In second link as a downgrading by Moody Reference: http://www.selectbourse.net/university/glossairebourse/gloss... Reference: http://www.parl.gc.ca/committees/fine/evidence/134_95-05-05/... |
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"loss", "depreciation", "devaluation", or "writedown" ? Explanation: The "insurance premium" part causes me to wonder exactly what kind of risk is foreseen here, and whether the previous answers having to do with stock trading might not be too specific. I'm not aware of insurance policies against market risks (though in London, you can find someone to place bets on anything). To split hairs further, it isn't the "premium" that provides protection, but rather the insurance that it purchases. By analogy, it isn't the "rent" that keeps you in an apartment if you don't pay it! In any event, perhaps a more general term such as my suggestions above will cover the need, without knowing more about the context. There is, for example, a form of insurance called "financial surety bond" for which these terms could apply. Also international "political risk" insurance which sometimes covers an industrial investor or exporter against currency devaluation (though it's normally only meant for currencey inconvertibility). My suggestion: "To demonstrate, supported by numbers, that [payment of] the insurance premium could provide protection against a risk of very serious financial loss." English:Accounting allowance s CORRECT writedown s CORRECT,NOUN DEF - A deduction from the recorded value of assets to reduce them to estimated realizable value. s 1999-01-30 French:Accounting réduction de valeur s CORRECT,FEM amoindrissement de valeur s CORRECT,MASC moins-value s CORRECT,FEM dépréciation s CORRECT,FEM décote s CORRECT,FEM DEF - Réduction opérée sur la valeur comptable d'un bien afin d'en déterminer la valeur de réalisation approximative. s Termium (see above) |
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