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subordination

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?
Mary
Mary Lalevee
United Kingdom
Local time: 02:10
English translation:subordination du présent crédit au compte courant de P
Explanation:
Here's what I found in the Grand Dictionnaire Terminologique:

subordinated loan emprunt subordonné n. m.

Déf. : Emprunt qui, en cas de liquidation, occupe le rang d'exigibilité juste avant le capital, donc après toutes les dettes privilégiées et autres.

I propose something like "subordination of the present loan to P's current account...."
Selected response from:

Fr?d?rique
Local time: 03:10
Grading comment
Thanks very much Frédérique.
Mary
4 KudoZ points were awarded for this answer

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Summary of answers provided
nasubordination du présent crédit au compte courant de PFr?d?rique
naRelenquish control.
Luis Luis
nasubordination
Nikki Scott-Despaigne


  

Answers


55 mins
subordination


Explanation:
This is one of those where you are going to kick yourself - you're on the right track.

A subordinated loan is one which does not have repayment priority compared to other loans.

A quick web search through Alta Vista gave lots of hits for "subordinated loan" "subordinated loan capital" etc.

Nikki


    International Dictionary of Insurance and Finance, Clark, Chartered Institute of Bankers, 1999
Nikki Scott-Despaigne
Local time: 03:10
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 4431

Peer comments on this answer (and responses from the answerer)
Yolanda Broad
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5 hrs
Relenquish control.


Explanation:
"Relinquish control of the present credit, bank account,... insurance and of all other accounts existant [present] or future."

Regards.
Luis Luis

Luis Luis
United States
Local time: 20:10
Native speaker of: Native in PortuguesePortuguese
PRO pts in pair: 35

Peer comments on this answer (and responses from the answerer)
Yolanda Broad
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5 hrs
subordination du présent crédit au compte courant de P


Explanation:
Here's what I found in the Grand Dictionnaire Terminologique:

subordinated loan emprunt subordonné n. m.

Déf. : Emprunt qui, en cas de liquidation, occupe le rang d'exigibilité juste avant le capital, donc après toutes les dettes privilégiées et autres.

I propose something like "subordination of the present loan to P's current account...."


    Reference: http://www.granddictionnaire.com
    Reference: http://www.termium.com
Fr?d?rique
Local time: 03:10
PRO pts in pair: 52
Grading comment
Thanks very much Frédérique.
Mary

Peer comments on this answer (and responses from the answerer)
Yolanda Broad
Login to enter a peer comment (or grade)




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