English translation of "ouvert dans ses livres" - "was debited from the postive balance the X company had in its deposit account with the Y Bank."

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166 months ago

Kate (a guest user) asked this question:

Language pair:	French > English
Subject:	Business / Marketing / Financial
Level of diffculty:	Easy / medium
Word or term in question:	ouvert dans ses livres
Context:	La banque a pour sa part pris la responsabilité d'imputer, proprio motu,
Keywords:	...le montant de sa créance, d'environ #,# millions d'euros, sur le solde positif d'un compte courant ouvert dans ses livres par [compagnie]. --- is this just "on its books"??

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166 months ago

wrote:

was debited from the postive balance the X company had in its deposit account with the Y Bank.

My comment:

Yes and no.

The amount of the debt, some xxx euros, was debited from the positive balance the X company had in its account...

They have said it as if ses livres belongs to the bank, it does technically. But the balance of funds a company has with a bank, in English, would not be referred to as being on the "books" of the bank...of course, all deposit or savings accounts are "on the books" of the bank....here we would say: a deposit account it opened or had with the bank, or leave it out altogether. Unless the fact of opening the account is important, which it probably isn't.

Anyway, it is the Account that is "on the books" . In my opinion, you can rephrase it as I have done.

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