Glossary entry (derived from question below)
English term or phrase:
keep the asset fully leveraged
French translation:
(l’entreprise concessionnaire) est endettée au maximum
Added to glossary by
Celine Rosselot
Oct 19, 2007 23:23
16 yrs ago
2 viewers *
English term
keep the asset fully leveraged
English to French
Other
Economics
Article comparant les processus de privatisation des autoroutes françaises et américaines, section sur l'impact de ces privatisations sur le bien-être social :
"Theoretically, this taxpayer “windfall” is not a risk even if the price is not financially sustainable, but practically there are likely to be costs borne by the taxpayers in the case of a default by the concessionaire. Also, there is a situation in which a higher price and greater leverage could have a long-term detrimental effect on taxpayers; in the case of the Skyway, the City can terminate the concession early, but only upon payment to concessionaire of the fair market value of the concession but not less than the value of the debt outstanding. To the extent that concessionaire keeps the asset fully leveraged, this termination option will be expensive for taxpayers."
"Theoretically, this taxpayer “windfall” is not a risk even if the price is not financially sustainable, but practically there are likely to be costs borne by the taxpayers in the case of a default by the concessionaire. Also, there is a situation in which a higher price and greater leverage could have a long-term detrimental effect on taxpayers; in the case of the Skyway, the City can terminate the concession early, but only upon payment to concessionaire of the fair market value of the concession but not less than the value of the debt outstanding. To the extent that concessionaire keeps the asset fully leveraged, this termination option will be expensive for taxpayers."
Proposed translations
(French)
5 +1 | (l’entreprise concessionnaire) est endettée au maximum | Christiane Allen |
3 -1 | maintient une exploitation pleine de l'entreprise | celoudin |
Proposed translations
+1
3 hrs
Selected
(l’entreprise concessionnaire) est endettée au maximum
..
4 KudoZ points awarded for this answer.
Comment: "Merci."
-1
22 mins
maintient une exploitation pleine de l'entreprise
Proposed translation: 'Dans la mesure où le concessionnaire maintient un exploitation pleine de l'entreprise, cette option de résiliation coûtera cher aux contribuables'
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