Glossary entry

French term or phrase:

existants (jur./assurance)

English translation:

assets (legal/ins.)

Added to glossary by Conor McAuley
Oct 10, 2006 10:03
17 yrs ago
4 viewers *
French term

dommages aux existants

French to English Law/Patents Transport / Transportation / Shipping Bus transport contract between an operator and a service provider
Bus transport service supply contract between an operator and a service provider.

"Chaque partie s’engage, à faire garantir intégralement auprès d’une compagnie d’assurances, d’une part les risques encourus par son matériel et par son personnel, d’autre part sa responsabilité civile y compris celle concernant les ***dommages aux existants***."

THe RC Business dictionary has "existant" as "physical stock" and "cash in hand" but this refers to people I think.

Proposed translations

+2
17 mins
Selected

damage to assets

Stock doesn't really fit, in my opinion, as we don't know if we're talking about buildings or vehicles or anything else. "Damage to assets" is very common in insurance and covers just about evrything.
Peer comment(s):

agree Víctor Nine
19 mins
agree Paula McMullan : Yes, I came across this yesterday in something I was doing. I said "current assets" in that instance because there was also reference to assets acquired in the future. Think that's probably redundant here.
4 hrs
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4 KudoZ points awarded for this answer. Comment: "Thanks to all for your kind help."
8 mins

damage to physical stock

.... used for insurance and guarantees. I hope this helps.
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11 mins

damage to existing buildings/facilities

Of course I don't have the whole context, but "existant" strikes me as odd here. It is common in construction contracts, where you have an existing building on which modifications are being made or existing buildings adjacent to the site where a new project is to be built. The contractor is responsible for his work on the new building as well as any damage to existing buildings.

The word may well be used (inappropriately) here with exactly the same meaning: party X is responsible if his staff drive a bus through a wall, say.
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