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cap. nom.

English translation: nominal capital

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Italian term or phrase:cap. nom.
English translation:nominal capital
Entered by: maryrose

04:25 Apr 15, 2006
Italian to English translations [PRO]
Bus/Financial - Business/Commerce (general)
Italian term or phrase: cap. nom.
From minutes of a shareholders' meeting:

è rappresentato l'intero capitale sociale di euro xxx essendo infatti presenti:
-- Società x, per quota di cap. nom. euro xx, qui a mezzo

Can anyone tell me what the abbreviation is for and its English equivalent?

Thanks
maryrose
Local time: 02:18
nominal capital
Explanation:
nominal capital
Definition

The par value of shares of stock a corporation has issued.

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Note added at 11 hrs (2006-04-15 15:26:50 GMT)
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Took definition from :
http://www.investorwords.com/3298/nominal_capital.html
Selected response from:

Maria Johnson
Local time: 09:48
Grading comment
Thanks Maria!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +9nominal capital
Maria Johnson
4nominal capital (capitale nominale)
TechLawDC


  

Answers


6 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +9
nominal capital


Explanation:
nominal capital
Definition

The par value of shares of stock a corporation has issued.

--------------------------------------------------
Note added at 11 hrs (2006-04-15 15:26:50 GMT)
--------------------------------------------------

Took definition from :
http://www.investorwords.com/3298/nominal_capital.html

Maria Johnson
Local time: 09:48
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in ItalianItalian
PRO pts in category: 8
Grading comment
Thanks Maria!

Peer comments on this answer (and responses from the answerer)
agree  Peter Cox
1 hr
  -> Thank you
agree  Raffaella Magi McCann (X)
2 hrs
  -> Thank you
agree  silvia tamanini
3 hrs
  -> Thank you
agree  Grace Anderson
3 hrs
  -> Thank you
agree  Chiara Cacucci
4 hrs
  -> Thank you
neutral  TechLawDC: Capitale nominale. Translation correct, definition wrong. Initial capital, whether or not it has been paid-in. "par value" is definitely wrong in all circumstances; not surprisingly it is paid-in share capital per share (if the entity is a share corp).
7 hrs
  -> definition taken from http://www.investorwords.com/3298/nominal_capital.html
agree  Rosanna Palermo
8 hrs
  -> Thank you
agree  Katherine Zei: Translation correct, but TechLawDC is correct about the definition. Though you should call it nom. cap., it's actually referring to paid-in cap (see Invest. Words.com).
10 hrs
  -> Definition taken from http://www.investorwords.com/3298/nominal_capital.html
agree  Romanian Translator (X)
2 days 13 hrs
agree  Gail Patricia Bulla - nee Charrion: Translation correct, definition wrong.Agree with TechLaw DC and Katherine Zei
3 days 9 hrs
Login to enter a peer comment (or grade)

13 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
nominal capital (capitale nominale)


Explanation:
(Sorry -- I ran out of room on the comment space for other answerer.)
Definition: Initial capital, whether or not it has been paid-in.
"par value" is wrong definition, despite website's confirmation of wrong definition. As stated, "par value" can never be right because as the term implies it is per share, not a total capital amount.

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Note added at 13 hrs (2006-04-15 17:49:43 GMT)
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(I don't fault answerer Maria Johnson. She made a valuable contribution.) (The error by WebFinance Inc. of Virginia aka investorwords.com is not the last which will creep into KudoZ annals in the guise of actual knowledge.)
____By "can never be right" I mean that even in the special case of a share company it cannot be right.

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Note added at 13 hrs (2006-04-15 17:53:46 GMT)
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____Also, "nominal" means just that. Contributions assessed but not yet paid-in are still part of "nominal capital".


TechLawDC
United States
Local time: 12:48
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 20
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