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15:11 Jul 25, 2021 |
Spanish to English translations [PRO] Finance (general) / consolidated report | |||||
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| Selected response from: Francois Boye United States Local time: 15:46 | ||||
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Discussion entries: 2 | |
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loan write-off Explanation: €.2.000.000 write-off on the Company's outstanding inter-company loan. Non-Performing Loan Write-Offs - Pubdocs.worldbank.org. https://pubdocs.worldbank.org › FinSAC-NPL-Write...PDF A write-off is an accounting term for the formal recognition in the financial statements that a borrower's asset no longer has value. Usually, loans are written off when they are 100 percent provisioned and there are no realistic prospects of recovery. These loans are transferred to the off-balance sheet records. Why Do Banks Write Off Bad Debt? - Investopedia https://www.investopedia.com › ask What Is a Write-Off? ... Debt that cannot be recovered or collected from a debtor is bad debt. Under the provision or allowance method of accounting, businesses ... Write-Off Definition - Investopedia https://www.investopedia.com › wri... A write-off primarily refers to a business accounting expense reported to account for unreceived payments or losses on assets. · Three common scenarios requiring ... -------------------------------------------------- Note added at 4 hrs (2021-07-25 19:58:26 GMT) -------------------------------------------------- €.2.000.000 write-off on the Company's outstanding intercompany loan to its controlled affiliate. Intercompany loan definition — AccountingTools https://www.accountingtools.com › ... 14 abr. 2021 — What is an Intercompany Loan? · To shift cash to a business unit that would otherwise experience a cash shortfall · To shift cash into a business ... Noncontrolled Affiliates | English to Spanish ... - ProZ.com https://www.proz.com › kudoz › finance-general › 397... 16 ago. 2010 — Spanish translation:sociedad vinculada. Explanation: Basic types of affiliates: A controlled affiliate is an enterprise in which the ... |
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to generate a credit impairment Explanation: Impaired credit occurs when there has been a deterioration in the creditworthiness of an individual or entity. Borrowers with impaired credit will generally have lesser accessibility to credit facilities and will have to pay a higher rate of interest on loans. Impaired credit may require drastic changes to operations or procedures to alleviate financial stress--whether that involves paying off debts like credit card debt, or a company reducing expenses and selling assets. Source: Investopedia |
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allow for a depreciation in credit value Explanation: "Impairment occurs when a business asset suffers a depreciation in fair market value of the asset on the company's financial statements. Under the U.S. accounting principles, assets considered as impaired must be recognized as a loss on an income statement. Impairment loss is a decrease in a net carrying value of an asset greater than the future undisclosed cash flow of the same asset. Impairment occurs when assets are sold or abandoned because the company no longer expects then to benefit long-run operations." SP: "El deterioro sucede cuando los bienes o los muebles activos de una empresa experimentan una depreciación en su valor del mercado equitativo. Eso excede el valor del libro de comptabilidad del mueble activo en los estados financieros de la empresa. Los principios estadounidenses de comptabilidad afirman que los activos considerados como deterioros deben ser reconocidos como una depreciación en un documento o un estado de los saldos. La pérdida por deterioro es un decremento del valor neto llevado de un activo más grande que el futuro del efectivo no declarado del mismo bien activo. El deterioro sucede cuando se venden o se abandonan los activos porque la empresa no atiende que vaya a beneficiarse de los operativos al largo plazo." -------------------------------------------------- Note added at 1 day 6 hrs (2021-07-26 21:13:02 GMT) -------------------------------------------------- It's about the devaluation of property assets and loans. (ES: Se trata de la devaluación de inmuebles y préstamos.) https://www.investopedia.com/ask/answers/101314/how-impairment-loss-calculated.asp |
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the loan was impaired by 2,000,000 Euros Explanation: I would rephrase this and not use the Spanish sentence construction |
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