GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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06:58 Jul 4, 2006 |
Swedish to English translations [PRO] Bus/Financial - Business/Commerce (general) | |||||||
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| Selected response from: Adrian MM. (X) Local time: 11:36 | ||||||
Grading comment
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Summary of answers provided | ||||
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4 | exercised/redeemed |
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4 | remove, reverse the provision |
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4 | release (provision) |
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exercised/redeemed Explanation: According to FARs either term can be used - completely exercised OR completely redeemed. |
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remove, reverse the provision Explanation: The key here is the word avsättning, which means provision (funds set aside). A provision is a part of a company's income set aside to cover various expected risks and losses. When the loss either materializes or is no longer expected to materialize, the provision is ended, removed or reversed. |
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lösa upp (avsättning) release (provision) Explanation: cf. Reserven aufösen in German. Gullberg's many entries for upplösa still do not cover this case. Example sentence(s):
Reference: http://www.vnu.com/press/releases/2006/pa_2006_0308_001.html |
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