Reserva Técnica
English translation: Technical provision
| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
|---|---|---|---|---|---|---|
|
| 14:31 Dec 2, 2010 |
| Portuguese to English translations [PRO] Bus/Financial - Finance (general) | |||||||
|---|---|---|---|---|---|---|---|
|
| ||||||
|  Selected response from: Frensp Local time: 11:10 | ||||||
Grading comment
| |||||||
| Summary of answers provided | ||||
|---|---|---|---|---|
| 4 +5 | Technical provision |
| ||
| 3 | Reserve for Contingencies |
|
Answers
4 mins confidence: 
Reserve for Contingencies Explanation: reserve for contingencies A part of retained earnings that are set aside for potential future losses. For example, a firm may establish a reserve account to cover the possibility of losing a lawsuit to which it is a party. Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. Reserve for Contingencies A company's retained earnings that are not reinvested but set aside to protect against future losses. A company may set up a reserve for contingencies when it is performing well to guard against the risk that it may eventually perform poorly. A reserve for contingencies allows a company to maintain its operations smoothly even when it has suffered an operating loss. |
| |
| Login to enter a peer comment (or grade) | ||
10 mins confidence: peer agreement (net): +5
peer agreement (net): +5Technical provision Explanation: You may also use "technical reserve", but that could imply that money has actually been set aside rather than dedicated to a specific purpose. Reference: http://blog.accountingcoach.com/reserve-provision/ |
| |
Grading comment
| ||
