Dec 14, 2022 00:11
1 yr ago
14 viewers *
Greek term
United Kingdom
Gobblefunking around with words.
Native in: English 
, Greek
Works in: Greek to English, Spanish to English, Romanian to English, and 1 more.
πιστωτικά κονδύλια της καθαρής θέσης
Greek to English
Bus/Financial
Accounting
Context:
No distribution of profits can be made to the shareholders if, following such profit distribution, the total equity of the Company as defined by law (net position) will become, at fiscal year-end, lower than the capital amount plus:
a) τα αποθεματικά των οποίων η διανομή απαγορεύεται από το νόμο
b) τα λοιπά πιστωτικά κονδύλια της καθαρής θέσης τα οποία δεν επιτρέπεται να διανεμηθούν και
c) τα ποσά των πιστωτικών κονδυλίων της κατάστασης αποτελεσμάτων που δεν αποτελούν πραγματοποιημένα κέρδη.
So far as I understand, the first (a) refers to non-distributable reserves and the third to unrealized gains. Is the second one something like non-distributable retained earnings? But how do I sneak net position in there?
The use of πιστωτικά κονδύλια for both (b) and (c) is confusing me, because it just seemes to refer to items in the income statement rather than credit lines/funds or any other such similar translation with the word credit in them that I'm finding online.
No distribution of profits can be made to the shareholders if, following such profit distribution, the total equity of the Company as defined by law (net position) will become, at fiscal year-end, lower than the capital amount plus:
a) τα αποθεματικά των οποίων η διανομή απαγορεύεται από το νόμο
b) τα λοιπά πιστωτικά κονδύλια της καθαρής θέσης τα οποία δεν επιτρέπεται να διανεμηθούν και
c) τα ποσά των πιστωτικών κονδυλίων της κατάστασης αποτελεσμάτων που δεν αποτελούν πραγματοποιημένα κέρδη.
So far as I understand, the first (a) refers to non-distributable reserves and the third to unrealized gains. Is the second one something like non-distributable retained earnings? But how do I sneak net position in there?
The use of πιστωτικά κονδύλια for both (b) and (c) is confusing me, because it just seemes to refer to items in the income statement rather than credit lines/funds or any other such similar translation with the word credit in them that I'm finding online.
Proposed translations
(English)
| 4 | net worth credit lines |
Peter Close
|
Proposed translations
6 hrs
net worth credit lines
See:
Καθαρή θέση = net worth (source Λεξικό Λογιστικής του Κων. Κάντζου)
https://en.glosbe.com/el/en/πιστωτικο κονδύλιο
https://www.deepl.com/translator#el/en/πιστωτικο κονδυλιο
26 Σεπ 2021 — Figure is a company that assesses household net worth credit lines. Figure meets the needs of the financial services industry by providing
https://coinyuppie.com/the-story-of-web3-0-should-start-from...
Clean up and build your personal credit to get high-net-worth credit lines. Use systems and tools to increase your production without sacrificing customer
https://chastinjmiles.com/live
https://www.thinkadvisor.com/2012/03/13/raymond-james-rolls-...
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Note added at 8 hrs (2022-12-14 08:48:28 GMT)
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Also see:
https://www.thebalancemoney.com/what-is-a-credit-line-315586
https://en.wikipedia.org/wiki/Line_of_credit
https://www.creditkarma.com/credit-cards/i/what-is-line-of-c...
https://www.oxfordlearnersdictionaries.com/definition/englis...
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Note added at 8 hrs (2022-12-14 09:09:47 GMT)
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Also see:
https://en.glosbe.com/el/en/πιστωτικο κονδυλιο
but ignore the machine translation of ‘credit fund’ because, in English, a ‘credit fund’ is a debt mutual fund scheme that invests in securities with a lower credit rating.
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Note added at 14 hrs (2022-12-14 14:44:30 GMT)
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Eliza, I saw your comment but disagree with it. If you look closely at my https://chastinjmiles.com/live reference above (look near the bottom) you will see that itt is merely directed at real-estate agents and the real estate industry. Credit lines in any industry can be confused as being profit and many businesses have been known to build funds from credit lines into their profits to give a false image of being more successful profit wise. I had commercial businesses for 36 years and have plenty of experience of the games that financial directors and company accountants can get up to.
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Note added at 14 hrs (2022-12-14 14:47:48 GMT)
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Eliza, Sorry, the third line of my previous note should read, "you will see that it is mainly directed at real-estate agents and the real estate industry"
Note from asker:
| Dear Peter, please see my comment at the end of my question for context. I have used Glosbe, DeepL, etc. and was getting the same results as you (credit lines), but it doesn't really make sense to me in the context. This is not a bank or financial institution; it is a real estate company. And the paragraph is referring to company profits in their end-year financial statements that cannot be distributed. Can you help me understand, if that is what you are proposing for πιστωτικά κονδύλια, how the third item (c) makes sense? "credit lines on the income statement that constitute unrealized gains" (cannot be distributed to shareholders). Would any credit lines the company has taken from a financial institution ever be considered a profit or listed as a profit in the income statement, whether realized or unrealized? Thank you for your answer! |
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