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Conges terminology question
232 months ago
Gina W
asked this question:
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Language pair: |
French > English |
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Subject: |
Law / Certificates |
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Level of diffculty: |
Easy / medium |
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Word or term in question: |
par incorporation de |
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Context: |
parts sociales émises au pair |
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Keywords: |
bulletin de souscription |
![]() |
The answer of Prabir Mudaliar |
by adjustment of
My comment:
I think this refers to the practice in corporate and housing finance by which banks reserve the right to redeem pledged shares at par (that is, at original cost) by adjusting outstandings against any kind of funds available in borrowers' accounts. They resort to this step if they anticipate a serious default or any other trouble which may endanger their stake. (The "offset" principle).
I am not too sure about this, but I'm offering this idea in the hope it may be of some help.
The asker's comment:
Yes, this is definitely not "incorporation". I had also thought of "capitalization" as well. In either case, here this turned out to be more of a financial term than a legal term. Thanks.
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