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sentence

English translation: The item has a nil balance following the majority shareholder's renouncement

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:La voce si azzera per la rinuncia ..
English translation:The item has a nil balance following the majority shareholder's renouncement
Entered by: Peter Cox
Options:
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15:29 Sep 10, 2006
Italian to English translations [PRO]
Bus/Financial - Finance (general) / balance sheet
Italian term or phrase: sentence
La voce si azzera per la rinuncia a titolo di contributo in conto risultato della gestione operativa, da parte del socio di maggioranza al credito per il finanziamento infruttifero effettuato nel 2004 a tempo indeterminato, senza vincolo di postergazione.

I just can't seem to get my mind around this sentence today, especially the first clause. I know this should be only for specific terms, which I seem to have here, but cannot find a satisfactory solution in English.
Thanks for any suggestions.
Marie Scarano
Italy
Local time: 23:01
The item has a nil balance following the majority shareholder's renouncement
Explanation:
La voce si azzera per la rinuncia a titolo di contributo in conto risultato della gestione operativa, da parte del socio di maggioranza

The item has a nil balance following the majority shareholder's renouncement of their share of the operating result

My take!
Selected response from:

Peter Cox
Italy
Local time: 23:01
Grading comment
In fact I also asked for clarification of the situation from the client. Wasn't exactly like this, but I appreciate the help!
3 KudoZ points were awarded for this answer

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Summary of answers provided
3 +3The item has a nil balance following the majority shareholder's renouncement
Peter Cox


  

Answers


12 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +3
The item has a nil balance following the majority shareholder's renouncement


Explanation:
La voce si azzera per la rinuncia a titolo di contributo in conto risultato della gestione operativa, da parte del socio di maggioranza

The item has a nil balance following the majority shareholder's renouncement of their share of the operating result

My take!

Peter Cox
Italy
Local time: 23:01
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 825
Grading comment
In fact I also asked for clarification of the situation from the client. Wasn't exactly like this, but I appreciate the help!

Peer comments on this answer (and responses from the answerer)
agree  Olivia Bisegna: Agree, but not sure if you needed a bit more help!
9 hrs

agree  Rosanna Palermo: Your take is my take Peter!
9 hrs

agree  claire restivo
1 day6 hrs
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