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05:06 Mar 11, 2006 |
German to English translations [PRO] Bus/Financial - Investment / Securities / target fund management company | |||||
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| Selected response from: RobinB United States Local time: 15:48 | ||||
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Summary of answers provided | ||||
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4 | Debt capital |
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4 | claim under equity instrument |
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3 | Capital dues |
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Discussion entries: 4 | |
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Debt capital Explanation: Differences Between Debt and Equity Capital Debt Capital: Debt capital is represented by funds borrowed by a business that must be repaid over a period of time, usually with interest. Debt financing can be either short-term, with full repayment due in less than one year, or long-term, with repayment due over a period greater than one year. The lender does not gain an ownership interest in the business and debt obligations are typically limited to repaying the loan with interest. Loans are often secured by some or all of the assets of the company. Equity Capital: Equity capital is represented by funds that are raised by a business, in exchange for a share of ownership in the company. Equity financing allows a business to obtain funds without incurring debt, or without having to repay a specific amount of money at a particular time. -------------------------------------------------- Note added at 12 hrs (2006-03-11 17:40:51 GMT) -------------------------------------------------- Bewertungsgesetz. BFH. Bundesfinanzhof ... nämlich in das sogenannte Debt Capital (fremdkapitalähnliches Kapital), und zum anderen in das ... www.diplom.de/db/diplomarbeiten8584.pdf Genussschein Je nach Kundenanforderung kann er als Eigenkapital- oder Fremdkapital-Genussschein ausgestaltet sein. Der Genussschein (nach HGB) hat eine feste Laufzeit ... www.westlb.de/.../wir_ueber_uns/genussschein.standard.gid-N... In an ideal structure, profit participation rights are treated as debt capital in the tax balance sheet, but as equity capital in the commercial balance sheet. http://www.westlb.de/cms/sitecontent/westlb/ui/en/aktuelle_t... Reference: http://www.sba.gov/financing/capital/equity.html |
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claim under equity instrument Explanation: There is also such a term as "capital claim" in English, but it occurs very rarely. However, see http://www.valuebasedmanagement.net/methods_mva.html Section 11 of the Bewertungsgesetz lists various equity instruments, primarily shares, and prescribes the valuation methodology for them. Section 12 starts: (1) Kapitalforderungen, die nicht im § 11 bezeichnet sind, und Schulden sind mit dem Nennwert anzusetzen, wenn nicht besondere Umstände einen höheren oder geringeren Wert begründen. This makes it very clear that "Kapitalforderungen" relate to the equity instruments listed in section 11, so calling them "debt" is materially incorrect. -------------------------------------------------- Note added at 1 day3 hrs (2006-03-12 09:04:08 GMT) -------------------------------------------------- Sorry you think my suggestion is too wordy - don't see how, to be honest. This is a legal context, and legal contexts are often verbose. The point to note here is that this specific legal context (a law on valuation) has no real equivalent in what's frequently misnamed the "Anglo-Saxon" world, which merely tends to distinguish between "equity" and "debt". You couldn't use "equity claims", which *would* be shorter, because these are claims on equity after all debt claims have been satisfied, which is not the case here. Equity-linked notes (ELNs) are structured investment products (i.e. derivatives), and are also referred to as "reverse convertibles". The German term is "Aktienanleihen". These are a very popular form of retail derivative product in Germany, and have nothing whatsoever to do with the context of your question. |
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Capital dues Explanation: This is the term you need. I'll see if I can find some more on the web for you. -------------------------------------------------- Note added at 4 hrs (2006-03-11 09:22:15 GMT) -------------------------------------------------- http://branchenportal-deutschland.aus-stade.de/ec2.htm About 2/3 of the way down the page :-)) -------------------------------------------------- Note added at 1 day10 hrs (2006-03-12 15:29:53 GMT) -------------------------------------------------- I don't see the connection with a club. My interpretation is that it refers to capital due in. |
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