Glossary entry

English term or phrase:

concession

French translation:

facilité, faveur

Added to glossary by Germaine
Jun 12, 2019 13:24
5 yrs ago
1 viewer *
English term

concession

English to French Bus/Financial Finance (general) Annual report and financial statements
context:
"A loan is considered credit-impaired when a concession is granted to the borrower due to a deterioration in the borrower’s financial condition, unless there is evidence that as a result of granting the concession the risk of not receiving the contractual cash flows has reduced significantly and there are no other indicators of impairment."

- une facilité ?
Proposed translations (French)
5 +4 facilité, faveur
3 -1 concession- agreement
Change log

Jun 18, 2019 13:18: Germaine Created KOG entry

Proposed translations

+4
1 hr
Selected

facilité, faveur

Un prêt est considéré comme déprécié lorsqu’une [facilité] [faveur] est [octroyée] [consentie] à l’emprunteur en raison d’une détérioration de sa situation financière, sauf [preuve] [s’il s’avère] qu’à la suite de l’octroi de cette [facilité] [faveur], le risque…

Credit-impaired financial asset
(c) the lender(s) of the borrower, for economic or contractual reasons relating to the borrower's financial difficulty, having granted to the borrower a concession(s) that the lender(s) would not otherwise consider;
Actif financier déprécié
c) l'octroi, par le ou les prêteurs à l'emprunteur, pour des raisons économiques ou contractuelles liées aux difficultés financières de l'emprunteur, d'une ou de plusieurs faveurs que le ou les prêteurs n'auraient pas envisagées dans d'autres circonstances;
IFRS 9

…a concession that the lender would not otherwise consider;
…d'une facilité que le prêteur n'aurait pas envisagée dans d'autres circonstances;
IAS 39
Peer comment(s):

agree Eric KUATE FOTSO
1 hr
Merci, Éric.
agree Daryo
3 hrs
Merci, Daryo.
agree Michael Confais (X)
18 hrs
Merci, Michael.
agree Marie-Cécile Béal
3 days 23 hrs
Merci, Marie-Cécile.
Something went wrong...
4 KudoZ points awarded for this answer.
-1
1 hr

concession- agreement

two companies,or government lets a certain asset to another company under concession, which means that the company agrees to pay the government the amount of money allotted; in return the company will use the asset for profitable purposes within the time agreed in the concession.
Example sentence:

The government let the electric power plant under concession to the German company for 10 years.

Peer comment(s):

disagree Daryo : you selected a wrong meaning of "concession" [wrong for this ST] + "agreement" is not FR
2 hrs
Something went wrong...
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search