English translation: subordination du présent crédit au compte courant de P
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00:40 Oct 16, 2000
French to English translations [PRO] Bus/Financial
French term or phrase:subordination
This banking document is giving me a headache. Not only is it difficult, it's an almost illegible fax. Here we have "subordination [illegible - "du" perhaps) présent cedit (illegible - again perhaps "du") compte courant de P... Assurance et de tout autre compte courant existant et a venir".
I've heard of subordinated debt, but what could this sentence mean?