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si e` verificato un preciso vincolo di postergazione

English translation: subordination

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase: un preciso vincolo di postergazione
English translation:subordination
Entered by: Vanita Ajgarni

13:36 Aug 10, 2007
Italian to English translations [PRO]
Bus/Financial - Accounting / financial statements
Italian term or phrase: si e` verificato un preciso vincolo di postergazione
I finanziamenti ricevuti dai soci sono pari a XXX e per nessuno all’atto della loro effettuazione o successivamente si è verificato un preciso vincolo di postergazione rispetto agli altri debiti di bilancio.

I can't seem to phrase this right. Thanks for the help!
Vanita Ajgarni
United Kingdom
Local time: 20:14
subordination
Explanation:
This refers to the relative ranking of debt obligations.

Often new loans of a particular class will say that they rank pari passu (ie. equivalent treatment in the case of bankruptcy/liquidation) will all other bonds, banks loans, unsecured loan obligations, etc. as the case may be

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Note added at 27 mins (2007-08-10 14:03:59 GMT)
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"Il vincolo di postergazione comporta, quindi, una riqualificazione delle poste costituite dai finanziamenti soci, almeno per ciò che riguarda la destinazione alla garanzia dei crediti dei terzi".....“la clausola di postergazione finisce per rendere i “creditori” postergati compartecipi al “rischio d’impresa” della banca…con evidente distacco dai caratteri tipologici essenziali del contratto di mutuo”
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DCypher (X)
Local time: 21:14
Grading comment
Thanks so much for your help and time!
4 KudoZ points were awarded for this answer



Summary of answers provided
4subordination
DCypher (X)


  

Answers


24 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
subordination


Explanation:
This refers to the relative ranking of debt obligations.

Often new loans of a particular class will say that they rank pari passu (ie. equivalent treatment in the case of bankruptcy/liquidation) will all other bonds, banks loans, unsecured loan obligations, etc. as the case may be

--------------------------------------------------
Note added at 27 mins (2007-08-10 14:03:59 GMT)
--------------------------------------------------

"Il vincolo di postergazione comporta, quindi, una riqualificazione delle poste costituite dai finanziamenti soci, almeno per ciò che riguarda la destinazione alla garanzia dei crediti dei terzi".....“la clausola di postergazione finisce per rendere i “creditori” postergati compartecipi al “rischio d’impresa” della banca…con evidente distacco dai caratteri tipologici essenziali del contratto di mutuo”

DCypher (X)
Local time: 21:14
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 246
Grading comment
Thanks so much for your help and time!
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