déconsignation
English translation: release of deposits
| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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| 14:05 Jun 30, 2003 |
| French to English translations [PRO] Bus/Financial - Law (general) / legal | |||||||
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|  Selected response from: Lanna Castellano Local time: 19:19 | ||||||
Grading comment
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| Summary of answers provided | ||||
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| 5 | repaid or unencumbered [sums] |
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| 3 +1 | release |
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| 5 -1 | release from escrow account |
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| 3 | removal from consignment |
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Answers
8 mins confidence: 
removal from consignment Explanation: Je ne dirais pas repaid car ce n'est peut-être pas le cas; les sommes sont sans doute mises sous controle de quelqu'un d'autre. |
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36 mins confidence:
repaid or unencumbered [sums] Explanation: consigner is to pledge assets or securities with which to secure a loan. Once the loan is repaid, the assets are unencumbered so to speak. The term of the loan is up, the debt repaid and the assets are freed up. -------------------------------------------------- Note added at 2003-06-30 14:50:22 (GMT) -------------------------------------------------- OR FASB Statement 125 This Statement requires a debtor to (a) reclassify financial assets pledged as collateral and report those assets in its statement of financial position separately from other assets not so encumbered if the secured party has the right by contract or custom to sell or repledge the collateral and (b) disclose assets pledged as collateral that have not been reclassified and separately reported in the statement of financial position. This Statement also requires a secured party to disclose information about collateral that it has accepted and is permitted by contract or custom to sell or repledge. The required disclosure includes the fair value at the end of the period of that collateral, and of the portion of that collateral that it has sold or repledged, and information about the sources and uses of that collateral. |
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36 mins confidence: peer agreement (net): +1
peer agreement (net): +1release Explanation: release of the deposits lodged as guarantees |
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Grading comment
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42 mins confidence: peer agreement (net): -1
peer agreement (net): -1release from escrow account Explanation: escrow - A deed that has been signed and sealed but is delivered on the condition that it will not become operative until some stated event happend. It will become effective as soon as that event occurs and it cannot be revoked in the meantime. Banks often hold escrow accounts, in which funds accumulate to pay taxes, insurance on mortgaged property etc. [A Dict. of Finance, Oxford] French tenants not getting satisfaction from their landlords, for instance (no repairs, etc.) cannot simply withhold their rent without serious repercussions. They can, however, open an escrow account with the CDC and pay rent into that every month, with the condition that when the dispute has been settled, the money will be paid to the landlord. -------------------------------------------------- Note added at 2003-06-30 23:27:13 (GMT) Post-grading -------------------------------------------------- ... I don\'t see why, Jane, you say this has nothing to do with escrow accounts. <<The escrow account shall constitute a specific pledge to the awarding authority>> [http://www.legislature.state.al.us/CodeofAlabama/1975/39-2-1...] <<We hereby PLEDGE the following securities to the escrow account:>> [http://www.google.com/search?q=pledge "escrow account"&hl=en...] <<The escrow account is an irrevocable pledge by Metropolitan to secure payments to the bondholders of the refunded bonds>> [www.mwdh20.com/mwdh2o/pages/board/ packet/2003/april/03049-1a1.pdf] The sort of thing the CDC is best at, quoi. |
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