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Q en inf
saisie des bons
Mar 18, 2014 08:02
10 yrs ago
3 viewers *
French term

engagements latents

French to English Bus/Financial Finance (general) from a Shareholders' Agreement
"6.1 Reporting comptable et financier
6.1.1 les comptes sociaux annuels audités de la Société et des Filiales, dans les quatre-vingt dix (90) jours suivant la fin de l'exercice social;
6.1.2 les comptes consolidés annuels audités de la Société, dans les quatre-vingt dix (90) jours suivant la fin de l'exercice social;
6.1.3 les comptes sociaux semestriels audités de la Société et des Filiales, dans les quatre-vingt dix (90) jours suivant la fin de chaque semestre;
6.1.4 les comptes consolidés semestriels audités de la Société, dans les quatre-vingt dix (90) jours suivant la fin de chaque semestre;
6.1.5 les comptes consolidés trimestriels non audités de la Société, dans les soixante (60) jours suivant la fin de chaque trimestre;
6.1.6 un récapitulatif semestriel des distributions et engagements latents de la Société et des Filiales, dans le même délai que les comptes annuels et semestriels."

Could this be "deferred commitments"? Something else?

Many thanks for your help.
Proposed translations (English)
4 liability provisions
3 latent liabilities
3 dormant commitments // unliquidated obligations

Discussion

rkillings Mar 20, 2014:
"Deferred liabilities" ? Strictly meaningless notion on its own. Every single liability on the balance sheet is "deferred" in the sense of representing a future outflow of resources at a time subsequent to the balance sheet date. What those who use this term want it to designate are liabilities (recognised now) associated with some other thing that *is* deferred -- such as, to take the most common item, liablities for deferred tax a.k.a. "deferred tax liabilities" or, less sensibly, "tax deferred liabilities".
Problem is, common liability items such as prepaid income and deferred revenue are *also* included in the "deferred liability" catch-all category. I doubt that these are part of what this Company is considering its 'engagements latents'.
Remember, lawyers are usually not accountants.
Virginie Mair Mar 18, 2014:
@asker I agree with your client.
Swiss Bankers (asker) Mar 18, 2014:
Client (US law firm in Paris) says "deferred liabilities"

Proposed translations

7 hrs
Selected

liability provisions

If you (the company) are *recognising* these as 'engagements', you know they will cost you, but you may not know for sure when or how much. Certainty as to the liability, uncertainty as to the timing and/or amount.

Stick to accounting/financial reporting terminology. "Latent liabilities" sounds close and is indeed a somewhat similar notion in English, but it's a term from environmental law and insurance.

I do not believe (so-called) "contingent liabilities" could properly be labelled 'engagements' in French.
Something went wrong...
2 KudoZ points awarded for this answer. Comment: "thanks, RK: not 100% sure about this one, so I prefer to award 2 points/not make an entry in the glossary"
3 hrs

latent liabilities

My IMF glossary provides 'liabilities' for 'engagements', which would fit here. There are a large number of hits for 'latent liabilities' on Google within the commercial/legal sphere, including those below.

My primary references are those below, but also:

http://www.quadrigahealthandsafety.co.uk/services-what-we-do...
http://www.emeraldinsight.com/books.htm?chapterid=1784278
http://www.darlingtons.com/site/briefings/tpc_valuing_a_busi...

I also think 'latent commitments' would fit here if that's what you prefer, since both meanings imply hidden financial obligations that the company is legally responsible for, but there are far more Google matches in context for 'liabilities'. See here: http://www.academia.edu/1025950/REASONS_AND_OPPORTUNITIES_FO...
Example sentence:

What are clean-up liabilities and how do they arise? This Practice Note covers key clean-up liabilities that arise pursuant to statute, civil disputes and contracts, including actual, contingent and latent liabilities.

Liabilities - on the basis you are a buyer and must take on liabilities, these can include obvious issues such as creditors, but what about longer term commitments such as property leases and employees ? There may also be other latent liabilities which ar

Reference:

http://legal-dictionary.thefreedictionary.com/latent

http://www.lexisnexis.com/uk/lexispsl/environment/synopsis/92179:92424/Contamination-and-development/Clean-up-liabilities

Note from asker:
thank you, Eloise: I wasn't sure about this one
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5 hrs

dormant commitments // unliquidated obligations

http://wiki.answers.com/Q/Who_is_responsible_for_conducting_...

"latent" does not sound right. Not quite common in finance.
Note from asker:
thank you, Francis
Something went wrong...
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