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Spanish to English translations [PRO]
Bus/Financial - Finance (general) / Certification | | Spanish term or phrase: amortizadas previa reducción del capital social | | En el caso de que ningún socio ejercite el derecho de tanteo, podrá adquirir la Sociedad esas participaciones en el plazo de otros treinta días, para ser amortizadas previa reducción del capital social. |
|  peterinmadridKudoZ activityQuestions: 3142 ( 13 open) ( 2 without valid answers) ( 108 closed without grading) Answers: 18
| Local time: 08:26
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| | redeemed subject to a capital stock decrease | Explanation:
These are shares or some other type of instrument that is "redeemed". It has nothing to do with "amortization", which is usually related to paying a liability of some sort. In addition, "capital social" is "capital stock". Black's Law Dictionary defines "capital stock" as follows:
The total number of shares of stock that a corporation may issue under its charter or articles of incorporation, including both common stock (acciones ordinarias) and preferred stock (acciones preferenciales / acciones preferentes).
Black's Law Dictionary also defines "redeemable security" as follows:
Any security, other than a short-term note, that , when resented to the issuer, entitles the holder to receive a share of the issuer0s assets or the cash equivalent.
Negotiable instruments (shares of stock, debentures, etc.) are redeemed (amortizados).
The verbs "increase" or "decrease" are used in reference to capital stock, as shown in the various editions of "Accounting Trends & Techniques" published by the AICPA every year.
Hope this helps.
More than 17 years translating for Mexico City based financial entities (accounting firms, brokerage firms, banks, IMCP, etc.)
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Note added at 3 hrs (2006-07-27 00:44:50 GMT)
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Correction:
INCORRECT: when "resented" to the issuer.
CORRECT: when "presented" to the issuer.
Sorry about the typo. I was typing so fast that I inadvertently left out the "p". |
| Selected response from:
Richard Cadena
Mexico
Local time: 00:26
| Grading comment Thank you.
4 KudoZ points were awarded for this answer |
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The translation workplace 
peer agreement (net): +1
