Glossary entry (derived from question below)
Swedish term or phrase:
förskottsutdelningar
English translation:
{interim} dividends-in-bankruptcy; (Will only) advancements
Added to glossary by
Helen Johnson
Nov 8, 2006 07:35
17 yrs ago
Swedish term
förskottsutdelningar
Swedish to English
Law/Patents
Law (general)
bankruptcy dispute
In my previous question concerning the bankruptcy, the term was 'förskottsbetalningarna'. Förskottsutdelning(ar) appears far more than 'betalningar'.
Are these advance distributions? Advice on the term usually used would be appreciated. In a moment I'll copy the context from my previous question.
Are these advance distributions? Advice on the term usually used would be appreciated. In a moment I'll copy the context from my previous question.
Proposed translations
(English)
4 +1 | {interim} dividends-in-bankruptcy; (Will only) advancements | Adrian MM. (X) |
3 | advance distributions | Larry Abramson |
Proposed translations
+1
8 hrs
Selected
{interim} dividends-in-bankruptcy; (Will only) advancements
Gullberg SV/EN = interim dividend i.e. on co. shares.
Dividend-in-bankruptcy is different and is the pro rata payment unsatisfied creditors receive.
Interim is otiose in the UK, as a div.-in-bankruptcy is usually final, unless further (hidden or additional) assets of the judgment debtor turn up out-of-the-blue - in which event there will be extra distribs.
In the case of a Will only, a beneficiary receiving lifetime distribs = 'advancements' may, under the Will, have to account for such against any other gifts willed which are the 'brought into hotchpot' - not a meat stew BTW.
Dividend-in-bankruptcy is different and is the pro rata payment unsatisfied creditors receive.
Interim is otiose in the UK, as a div.-in-bankruptcy is usually final, unless further (hidden or additional) assets of the judgment debtor turn up out-of-the-blue - in which event there will be extra distribs.
In the case of a Will only, a beneficiary receiving lifetime distribs = 'advancements' may, under the Will, have to account for such against any other gifts willed which are the 'brought into hotchpot' - not a meat stew BTW.
Example sentence:
förskottsutdelning innebär utdelning av medel innan det finns en fastställd ... Det finns inga regler i aktiebolagslagen om förskottsutdelning. ...
Enterprise Act Evaluation [Second IVA Interim Evaluation Report – appendix 4]. Page 1 of 9 ... Dividend in bankruptcy. (pence in pound) ...
4 KudoZ points awarded for this answer.
Comment: "Thanks very much, Tom!"
44 mins
advance distributions
Usually these advance distributions relate to prioritized claims. In Swedish these are claims with förmånsrätt.
Discussion