Glossary entry (derived from question below)
French term or phrase:
AU remboursement prealable
English translation:
pre-reimbursement.
Added to glossary by
muitoprazer (X)
Oct 23, 2006 11:22
17 yrs ago
French term
United Kingdom
The highest professional standards
Native in: English
Works in: Spanish to English, French to English
AU remboursement prealable
French to English
Bus/Financial
Finance (general)
debt subordination
I am sure this is a very easy question, but for some reason I am having trouble over the meaning of the two "AU" in this phrase, and so I'm seeking reassurance that i'm not just going barmy:
Aux terms du Protocole de Restructuration, XYZ et ses principaux créanciers obligataires sont convenus:
de la subordination d'une fraction de 15% du nominal du Passif Obligataire Restructuré et des intérets capitalisés sur ce montant, AU remboursement préalable des autres passives obligataires du XYZ, soit AU 31 décembre 2005, une somme totale de 123 en capital.
Does it simply mean that the 15% will be subordinated upon prior payment of the other liabilities, which is due to take place on/by 31 December?
My Monday morning brain is not working well.
Thanks!!!
Aux terms du Protocole de Restructuration, XYZ et ses principaux créanciers obligataires sont convenus:
de la subordination d'une fraction de 15% du nominal du Passif Obligataire Restructuré et des intérets capitalisés sur ce montant, AU remboursement préalable des autres passives obligataires du XYZ, soit AU 31 décembre 2005, une somme totale de 123 en capital.
Does it simply mean that the 15% will be subordinated upon prior payment of the other liabilities, which is due to take place on/by 31 December?
My Monday morning brain is not working well.
Thanks!!!
Proposed translations
(English)
| 3 | pre-reimbursement. |
muitoprazer (X)
|
Proposed translations
8 mins
Selected
pre-reimbursement.
http://www.csom.umn.edu/Page4325.aspx
think AU may just mean au.
think AU may just mean au.
Note from asker:
| The capitalisation is my own to highlight the words; the original text is in lower case 'au'. |
2 KudoZ points awarded for this answer.
Comment: "Thanks"
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