Glossary entry (derived from question below)
French term or phrase:
action au porteur ordinaire, libre
English translation:
freely negotiable ordinary share in bearer form
Added to glossary by
Zonia Clissold
Jun 25, 2012 07:03
11 yrs ago
10 viewers *
French term
accuracy and rapidity
Native in: English
Works in: French to English, Spanish to English
action au porteur ordinaire, libre
French to English
Bus/Financial
Law: Taxation & Customs
wealth tax
Letter from Swiss tax authorities concerning wealth tax on securities held by a holding company.
It's "libre" that has got me stumped
It's "libre" that has got me stumped
Proposed translations
(English)
| 4 | freely negotiable ordinary share in bearer form |
rkillings
|
| 4 | Bearer Share |
Howard Sugar
|
| 3 | paid in |
Mark Hamlen
|
Proposed translations
4 days
Selected
freely negotiable ordinary share in bearer form
Or, unrestricted ordinary bearer share.
At first I thought 'libre' might be a Swiss variant of 'libérée' (=fully paid), but no, the evidence of the U of Geneva scholarly paper cited below is that in Switzerland the term 'action libre' is understood to mean 'action librement négociable'.
At first I thought 'libre' might be a Swiss variant of 'libérée' (=fully paid), but no, the evidence of the U of Geneva scholarly paper cited below is that in Switzerland the term 'action libre' is understood to mean 'action librement négociable'.
4 KudoZ points awarded for this answer.
Comment: "Thanks and sorry for the delay in awarding the points"
30 mins
Mark Hamlen
France
France
Native in English
Works in field
France
25 years - legal and financial
Native in: English
Works in: French to English, Russian to English
Related KudoZ points
:
4
paid in
I'm not sure here, but in France, "libérée" referring to a share means that the share subscription has been paid.
Peer comment(s):
| neutral |
rkillings
: You were right to be cautious about France vs. Suisse and libre vs. libérée!
4 days
|
1 hr
Howard Sugar
Italy
Italy
Native in English
Italy
Native in: English 
Works in: French to English, Italian to English, English to Italian, and 1 more.
Bearer Share
Investopedia explains the 'Bearer Share'
Because the share is not registered to any authority, transferring the ownership of the stock involves only delivering the physical document. Bearer shares lack the regulation and control of common shares because ownership is never recorded. Similar to bearer bonds, these shares are often international securities.
Read more: http://www.investopedia.com/terms/b/bearer_share.asp#ixzz1yn...
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Note added at 1 hr (2012-06-25 08:18:32 GMT)
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In this case the "libre" part refers to the fact that the shares are not restricted to any one bearer. They are the equivalent of a large banknote.
"And the offshore jurisdictions have always allowed bearer shares; indeed, almost all the offshore corporation providers presume that offshore corporations will be issued with bearer shares only (and often send our clients corporations with bearer shares even when we specifically request otherwise). "http://www.quatloos.com/bearer_shares.htm"
Example sentence:
Nevada, for instance, has built a healthy incorporation industry because Nevada corporation law allows bearer shares. And the offshore jurisdictions have always allowed bearer shares; indeed, almost all the offshore corporation providers presume that off
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