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ADI
A.P.
Jul 21, 2011 06:56
13 yrs ago
30 viewers *
Italian term

titoli azionari

Italian to English Bus/Financial Finance (general)
I asked this yesterday and then the question got removed because another proz user thought I was asking about two terms. So I'll try to be more clear this time. I know "azioni" need to be "shares", I just don't know how to translate "titoli azionari" which can also be "shares".

So I'll try again now.
Phrase: "Le azioni sono rappresentate da titoli azionari"
Explanation: From a "statuto"

Under the heading "Capitale e azioni":
"Le azioni sono rappresentate da titoli azionari"

"The shares are represented by ....??"
Proposed translations (English)
5 +2 equity securities
4 Equity stock

Discussion

philgoddard Jul 21, 2011:
One way you could translate it is "the capital is represented by shares". The other possibility is that "titoli" means "certificates". But I don't think you can say "the shares are represented by equity securities/stock" - as Jim points out, this is like saying "the shares are represented by shares."

Proposed translations

+2
28 mins
Selected

equity securities

"Titoli" in the sense of a financial instrument in Italian can be generally speaking (without considering derivatives and options) of two basic types "titoli di capitale" o "titoli azionari" on the one hand and "titoli obbligazionari" or "titoli di debito" on the other hand.
Wiki explains, although not too clearly here
http://it.wikipedia.org/wiki/Titolo_(finanza)
The English for this generic term is "securities" "equity securities" and "debt securities".

http://www.google.com/search?source=ig&hl=en&rlz=&=&q="equit...

http://www.google.com/search?source=ig&hl=en&rlz=&=&q="debt ...

http://www.google.it/search?source=ig&hl=it&rlz=&=&q="titoli...

http://www.google.it/search?source=ig&hl=it&rlz=&=&q="titoli...

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Note added at 33 mins (2011-07-21 07:29:31 GMT)
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Oh thought I might add. "titoli azionari" is just a synonym for "azioni" just as equity securities is just another way of saying shares. An accurate but unusable translation would be "The shares consist of shares".

"Le azioni sono rappresentate da titoli azionari"
Peer comment(s):
agree Ivana UK
1 hr
agree tradu-grace
5 hrs
neutral philgoddard : As you yourself say, this is a circular translation. Don't you think it means "certificates"?//I think all shares still have certificates unless they're held through a trustee account, and then presumably the trustee has the certificate.
8 hrs
"evidenced by certificates" I considered that, but shares are very often in dematerialised systems these days and therefore "uncertificated", so it wouldn't be true.// No, intermediaries/transfer agents hold records, no hardcopy cert, that is sufficient.
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "This is what I used, thank you"
8 mins

Equity stock

I actually answered yesterday whilst your question was being deleted.
Note from asker:
Thank you for your assistance on both occasions
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