-
61 transfer
I ['trænsfɜː(r)]1) (transmission) (of funds, shares) trasferimento m.; (of property) trapasso m., passaggio m.; (of debt) cessione f., voltura f.2) (relocation) (of employee, player, patient, prisoner) trasferimento m.3) BE (on skin) tatuaggio m. cancellabile; (on china) decalcomania f.; (on paper) decalcomania f., trasferello m.; (on T-shirt) stampa f.II 1. [træns'fɜː(r)]1) (move) trasferire, spostare [data, luggage]2) (hand over) trasferire, versare [ money]; trasferire [ power]; trasmettere, cedere [ property]; cambiare [allegiance, support]3) (relocate) trasferire [employee, office, prisoner, player]4) tel. trasferire [ call]2.1) (relocate) [employee, player] trasferirsi2) aer. [ traveller] cambiare volo* * *[træns'fə:] 1. past tense, past participle - transferred; verb1) (to remove to another place: He transferred the letter from his briefcase to his pocket.) trasferire, spostare2) (to (cause to) move to another place, job, vehicle etc: I'm transferring / They're transferring me to the Bangkok office.) trasferire, trasferirsi3) (to give to another person, especially legally: I intend to transfer the property to my son.) trasferire, cedere2. noun(['trænsfə:])1) (the act of transferring: The manager arranged for his transfer to another football club.) trasferimento2) (a design, picture etc that can be transferred from one surface to another, eg from paper to material as a guide for embroidery.) decalcomania•* * *I ['trænsfɜː(r)]1) (transmission) (of funds, shares) trasferimento m.; (of property) trapasso m., passaggio m.; (of debt) cessione f., voltura f.2) (relocation) (of employee, player, patient, prisoner) trasferimento m.3) BE (on skin) tatuaggio m. cancellabile; (on china) decalcomania f.; (on paper) decalcomania f., trasferello m.; (on T-shirt) stampa f.II 1. [træns'fɜː(r)]1) (move) trasferire, spostare [data, luggage]2) (hand over) trasferire, versare [ money]; trasferire [ power]; trasmettere, cedere [ property]; cambiare [allegiance, support]3) (relocate) trasferire [employee, office, prisoner, player]4) tel. trasferire [ call]2.1) (relocate) [employee, player] trasferirsi2) aer. [ traveller] cambiare volo -
62 transfer
1 noun(a) (of employee) mutation f; (of goods) transfert m, transport m; (of air passenger) transfert; FINANCE (of shares, funds, capital) transfert; BANKING (of money from one account to another) virement mtransfer advice avis m de virement; transfer of bonded goods mutation f d'entrepôt;transfer certificate certificat m de transfert;transfer cheque chèque m de virement;STOCK EXCHANGE transfer duty droits m pl de transfert;STOCK EXCHANGE transfer by endorsement transmission f par endossement;STOCK EXCHANGE transfer fee frais m pl de transfert;STOCK EXCHANGE transfer form formule f de transfert;FINANCE transfer order ordre m de virement;transfer passenger (between flights) voyageur(euse) m, f en transit;transfer payment paiement m de transfert;STOCK EXCHANGE transfer register registre m des transferts;transfer restrictions restrictions f pl de transferttransfer entry article m de contre-passationtransfer deed acte m de cession; British transfer tax droits m pl de succession; (between living persons) droit de mutationtransfer rate taux m de transfert; transfer speed vitesse f de transfert(a) (employee) muter; (goods) transférer, transporter; FINANCE (shares, funds, capital) transférer; BANKING (money) virer∎ she will transfer the rights over to him elle va lui céder les droits∎ I'm transferring you now je vous mets en communicationBritish transfer charge call communication f en PCV(a) (of employee) être muté(e);∎ to transfer to a different department être transféré(e) dans un autre service(b) (of air passenger) changer -
63 release
release [rɪ'li:s]1 noun(a) (from captivity) libération f; (from prison) libération f, mise f en liberté, Administration élargissment m; (from custody) mise f en liberté, relaxe f; (from debt) libération f; (from obligation, promise) libération f, dispense f; (from pain, suffering) délivrance f;∎ on his release from prison lors de sa mise en liberté, dès sa sortie de prison;∎ release on bail mise f en liberté provisoire (sous caution);∎ release on parole libération f conditionnelle;∎ order of release ordre m de levée d'écrou;∎ death was a release for her pour elle, la mort a été une délivrance(d) (distribution → of film, record) sortie f; (→ of book) sortie f, parution f; (→ of document) diffusion f;∎ the film is on general release le film est sorti∎ her latest release is called 'Perfect Moment' son dernier disque s'appelle 'Perfect Moment';∎ it's a new release ça vient de sortir(f) (of handle, switch) déclenchement m; (of brake) desserrage m; (of clutch) débrayage m; (of spring) détente f; (of bomb) largage m; (of balloons, pigeons) lâcher m; (of gas etc) dégagement m; (of steam) échappement m; (of pressure) relâchement m; (of energy) libération f(button, switch) de déclenchement(a) (prisoner) libérer, relâcher; (from custody) remettre en liberté, relâcher, relaxer; (captive person, animal) libérer; (employee, schoolchild) libérer, laisser partir; (hospital patient) laisser sortir; (from obligation) libérer, dégager; (from promise) dégager, relever; (from vows) relever, dispenser;∎ to release sb from captivity libérer qn;∎ Law to be released on bail être libéré sous caution;∎ the earthquake victims were released from the wreckage les victimes du tremblement de terre ont été dégagées des décombres;∎ the children were released into the care of their grandparents on a confié les enfants à leurs grands-parents;∎ death finally released her from her suffering la mort a mis un terme à ses souffrances;∎ to release sb from a debt remettre une dette à qn(b) (let go → from control, grasp) lâcher; (→ feelings) donner ou laisser libre cours à; (→ bomb) larguer, lâcher; (→ gas, heat) libérer, dégager;∎ he released his grip on my hand il m'a lâché la ou il a lâché ma main;∎ to release one's hold desserrer son étreinte, lâcher prise;∎ the explosion released chemicals into the river l'explosion a libéré des agents chimiques dans la rivière;∎ insecticides were released over the crops des pesticides ont été répandus sur les récoltes;∎ playing squash is a good way of releasing tension le squash est un bon moyen de se détendre(c) (issue → film) sortir; (→ book) sortir, faire paraître, mettre en vente; (→ record) sortir, metter en vente; (→ goods, new model) mettre en vente ou sur le marché; (→ stamps, coins) émettre∎ the company refuses to release details of the contract la compagnie refuse de divulguer ou de faire connaître les détails du contrat∎ Cars to release the clutch débrayer;∎ Photography to release the shutter déclencher (l'obturateur);∎ release the catch to open the door pour ouvrir la porte, soulever le loquet;∎ to release the safety catch (on gun) libérer le cran de sûreté(g) (property, rights) céder►► Technology release lever (on clutch) levier m de débrayage; (on typewriter) levier m de dégagement du chariot;Cinema release print copie f d'exploitation -
64 transfer
(a) (move) transférer; (employee, civil servant) transférer, muter; (soldier) muter; British (player) transférer; (passenger) transférer, transborder; (object, goods) transférer, transporter;∎ can this ticket be transferred to another airline? peut-on utiliser ce billet d'avion sur une autre compagnie?∎ I transferred the funds to my bank account j'ai fait virer l'argent sur mon compte bancaire(c) (convey → property, ownership) transmettre, transférer, Law faire cession de, céder; (→ power, responsibility) passer;∎ she will transfer the rights over to him elle va lui céder ou passer les droits∎ I'm transferring you now (operator) je vous mets en communication;∎ British I'd like to transfer the charges je voudrais téléphoner en PCV;∎ British transferred charge call communication f en PCV(e) (displace → design, picture) reporter, décalquer;∎ to transfer a design from one surface to another décalquer un dessin d'un support sur un autre;∎ figurative she transferred her affection/allegiance to him elle a reporté son affection/sa fidélité sur lui(a) (move) être transféré; (employee, civil servant) être muté ou transféré; (soldier) être muté; British (player) être transféré;∎ American she transferred to another school elle a changé d'école;∎ I'm transferring to history je me réoriente en histoire(b) (change mode of transport) être transféré ou transbordé;∎ they had to transfer to a train ils ont dû changer et prendre le train(a) (gen) transfert m; (of employee, civil servant) mutation f; (of passenger) transfert m, transbordement m; British (of player) transfert m; (of goods, objects) transfert m, transport m;∎ he has asked for a transfer il a demandé son transfert ou à être muté; British (player) il a demandé son transfert∎ transfer of ownership from sb to sb transfert m ou translation f de propriété de qn à qn;∎ application for transfer of proceedings demande f de renvoi devant une autre juridiction∎ free transfer transfert m gratuit∎ transfer of charges transfert m de charges∎ transfer by endorsement transmission f par endossement►► transfer advice avis m de virement;transfer bus navette f;British Telecommunications transfer charge call communication f en PCV;transfer cheque chèque m de virement;Law transfer deed acte m de cession;transfer desk (at airport) guichet m de transit;transfer duty droits mpl de transfert;transfer form formule f de transfert;British transfer lounge (at airport) salle f de transit;transfer order ordre m ou mandat m de virement;British transfer passenger (between flights) voyageur(euse) m,f en transit;Politics transfer of power passation f de pouvoir;Computing transfer rate taux m de transfert;Biology transfer RNA ARN m de transfert;Computing transfer speed vitesse f de transfert;British transfer tax droits mpl de succession; (between living persons) droit m de mutation;transfer ticket billet m de correspondance -
65 interest cover
FinThe amount of earnings available to make interest payments after all operating and nonoperating income and expenses—except interest and income taxes—have been accounted for.EXAMPLEInterest cover is regarded as a measure of a company’s creditworthiness because it shows how much income there is to cover interest payments on outstanding debt.It is expressed as a ratio, comparing the funds available to pay interest—earnings before interest and taxes, or EBIT—with the interest expense. The basic formula is:EBIT /interest expense = interest coverage ratioIf interest expense for a year is $9 million, and the company’s EBIT is $45 million, the interest coverage would be:45 million /9 million = 5:1The higher the number, the stronger a company is likely to be. A ratio of less than 1 indicates that a company is having problems generating enough cash flow to pay its interest expenses, and that either a modest decline in operating profits or a sudden rise in borrowing costs could eliminate profitability entirely. Ideally, interest coverage should at least exceed 1.5; in some sectors, 2.0 or higher is desirable.Variations of this basic formula also exist. For example, there is:Operating cash flow + interest + taxes/ interest = Cash-flow interest coverage ratioThis ratio indicates the firm’s ability to use its cash flow to satisfy its fixed financing obligations. Finally, there is the fixed-charge coverage ratio, which compares EBIT with fixed charges:EBIT + lease expenses/interest + lease expense = Fixed-charge coverage ratio “Fixed charges”can be interpreted in many ways, however. It could mean, for example, the funds that a company is obliged to set aside to retire debt, or dividends on preferred stock. -
66 Verbindlichkeit
Verbindlichkeit f 1. RW liability; 2. RECHT commitment, liability, obligation • eine Verbindlichkeit hypothekarisch sichern BANK secure a debt by mortgage • ohne Verbindlichkeit GEN without prejudice* * *f 1. < Rechnung> liability; 2. < Recht> commitment, liability, obligation ■ eine Verbindlichkeit hypothekarisch sichern < Bank> secure a debt by mortgage ■ ohne Verbindlichkeit < Geschäft> without prejudice* * *Verbindlichkeit
obligation, liability, engagement, commitment, duty, (Entgegenkommen) obligingness, (bindende Kraft) binding force;
• ohne Verbindlichkeit without prejudice (responsibility), free from (without) liability, not binding, subject to confirmation, (Giro) without recourse;
• ohne jede Verbindlichkeit without any commitment;
• Verbindlichkeiten indebtedness, liabilities, engagements, (Bilanz) debts due, debts (Br.), creditors, accounts payable (US), payables (US);
• aufgelaufene, aber noch nicht fällige Verbindlichkeiten liability reserve;
• ausgewiesene Verbindlichkeiten declared liabilities;
• in der Bilanz ausgewiesene Verbindlichkeiten stated liabilities;
• ausländische Verbindlichkeit foreign debt;
• ausstehende Verbindlichkeiten outstanding liabilities;
• bedingte Verbindlichkeit contingent obligation;
• aufschiebend bedingte Verbindlichkeit floating liability;
• befristete Verbindlichkeiten time liabilities;
• nicht belegte Verbindlichkeiten unrecorded liabilities;
• bestehende Verbindlichkeit existing liability;
• diskontfähige Verbindlichkeiten eligible liabilities;
• eingefrorene Verbindlichkeiten blocked liabilities;
• eingegangene Verbindlichkeiten debts incurred;
• einklagbare Verbindlichkeiten debts enforceable at law;
• entstandene (noch nicht fällige) Verbindlichkeiten (Bilanz) accrued liabilities (US), accruals payable (US);
• fällige Verbindlichkeit matured liability;
• innerhalb eines Jahres fällige Verbindlichkeit current maturity;
• sofort fällige Verbindlichkeiten sight liabilities;
• feste Verbindlichkeiten fixed liabilities;
• festgestellte Verbindlichkeit liquidated liability;
• finanzielle Verbindlichkeit pecuniary liability;
• fremde Verbindlichkeiten third-party liabilities;
• nicht fundierte Verbindlichkeiten (Pensionsplan) past-service cost;
• gemeinsame Verbindlichkeit joint liability;
• gesamtschuldnerische Verbindlichkeit joint and several liability;
• gleich bleibende Verbindlichkeiten fixed liabilities;
• gleichrangige Verbindlichkeiten liabilities of equal priority;
• hypothekarische Verbindlichkeiten mortgage debts (liabilities), mortgages payable (US);
• konsolidierte Verbindlichkeiten funded liabilities;
• kurzfristige Verbindlichkeiten short-term liabilities (obligations, indebtedness), quick (current) liabilities;
• langfristige Verbindlichkeit long-term liability (obligation), funded (fixed) liability;
• laufende Verbindlichkeiten current engagements (liabilities);
• mindestreservepflichtige Verbindlichkeiten (Bank) reserve-carrying liabilities, liabilities subject to reserve requirements;
• mittel- und kurzfristige Verbindlichkeiten (Bilanz) accounts payable for goods received and services accepted (US);
• offene Verbindlichkeiten outstanding debts;
• rechtsgültige Verbindlichkeit valid obligation;
• sichergestellte Verbindlichkeiten secured liabilities;
• sonstige Verbindlichkeiten (Bilanz) liabilities other than above, sundry liabilities, other debts (liabilities, accounts payable, US);
• terminierte Verbindlichkeiten time liabilities (US);
• innerhalb eines Jahres zu tilgende Verbindlichkeiten (Bilanz) current liabilities;
• ungesicherte Verbindlichkeit unsecured liability;
• der Höhe nach unbestimmte Verbindlichkeit unliquidated (unascertained) liability;
• unverbuchte Verbindlichkeiten unrecorded liabilities;
• vertragliche Verbindlichkeit contractual obligation;
• sofort vollstreckbare Verbindlichkeit pure obligation;
• voreheliche Verbindlichkeiten antenuptial debts;
• [in Kürze] fällig werdende Verbindlichkeit maturing liability;
• Verbindlichkeiten aus Akzeptverpflichtungen liabilities on account of acceptances;
• Verbindlichkeiten aus der Annahme gezogener Wechsel (Bilanz) liabilities from the acceptance of bills;
• Verbindlichkeiten aus der Ausstellung eigener Wechsel (Bilanz) notes payable (US);
• Verbindlichkeiten gegenüber Banken (Bilanz) accounts due to banks;
• Verbindlichkeiten aus der Begebung und Übertragung von Wechseln (Bilanz) liabilities from the issue and endorsement of bills;
• Verbindlichkeiten an Beteiligungsgesellschaften (Bilanz) creditors;
• Verbindlichkeiten aus Bürgschaften und Gewährleistungsverträgen (Bilanz) liabilities arising from guarantee and warranty contracts;
• Verbindlichkeiten aus Depositenkonten deposit liabilities;
• Verbindlichkeiten gegenüber Dritten (konsolidierte Bilanz) liabilities to outsiders;
• Verbindlichkeiten und Eigenkapital liabilities and shareholder’s equity;
• Verbindlichkeiten zu Eigenkapitalverhältnis debt equity ratio;
• landeszentralbankfähige Verbindlichkeiten auf Einlagekonten eligible deposit liabilities;
• Verbindlichkeiten neu eintretender und ausscheidender Gesellschafter liabilities of incoming and outgoing partners;
• Verbindlichkeiten aus Giroverpflichtungen liabilities on account of endorsements;
• Verbindlichkeiten gegenüber Konzerngesellschaften (Bilanz) indebtedness to affiliates (US), intercompany liabilities;
• Verbindlichkeiten gegenüber Kreditinstituten (Bankbilanz) liabilities to credit institutions, liabilities to banks;
• Verbindlichkeiten gegenüber Kunden (Bankbilanz) current deposits and other accounts;
• Verbindlichkeiten mit einer Laufzeit von mindestens vier Jahren (Bilanz) liabilities for a term of at least four years;
• Verbindlichkeiten aus Lieferungen und Leistungen (Bilanz) accounts payable for purchases and deliveries (US);
• langfristige Verbindlichkeiten der Schwellenländer Brady bonds;
• Verbindlichkeiten gegenüber Sozialeinrichtungen (Bilanz) loans from social and welfare funds;
• Verbindlichkeiten gegenüber verbundenen Unternehmen (Bilanz) payables to affiliates;
• Verbindlichkeiten aus (aufgrund von) Warenlieferungen (Bilanz) suppliers;
• Verbindlichkeiten aus noch nicht eingelösten Wechseln liabilities upon bills, liabilities on account of acceptances, bills payable (US);
• Verbindlichkeiten für weiterbegebene Wechsel (Bilanz) liabilities for foreign bills negotiated;
• kurzfristige Verbindlichkeiten abdecken to meet short-term liabilities;
• von Verbindlichkeiten befreien to acquit;
• sich von einer Verbindlichkeit befreien to exempt o. s. from a liability, to rid o. s. of an obligation;
• Verbindlichkeit eingehen to enter into a commitment, to bind o. s., to contract a liability, to assume an obligation;
• j. aus einer Verbindlichkeit entlassen to release s. o. from an obligation;
• sich vertraglich übernommenen Verbindlichkeiten entziehen to back out of a contract;
• seine Verbindlichkeiten erfüllen to meet one’s liabilities (commitments, engagements);
• seine Verbindlichkeiten nicht erfüllen to go back from one’s engagements, to make default;
• Verbindlichkeiten gegenüber jem. haben to be obliged to s. o.;
• für Verbindlichkeiten haften to be liable for commitments;
• seinen Verbindlichkeiten nachkommen to pay one’s way, to carry out one’s obligations, to carry out (meet) one’s engagements, to discharge (meet) one’s liabilities;
• seinen Verbindlichkeiten nicht nachkommen to fail to meet one’s commitments, to make default;
• Verbindlichkeiten ordnen to wind up liabilities;
• seine Verbindlichkeiten reduzieren to scale down one’s liabilities;
• in Verbindlichkeit stehen (Computer) to be linked;
• Verbindlichkeiten übernehmen to take over liabilities, to assume obligations;
• kurzfristige Verbindlichkeiten umschulden to reschedule short-term debts;
• Verbindlichkeiten nach sich ziehen to involve o. s. in debts. -
67 заёмный
loan (attr); debt (attr)заёмные сре́дства фин. — debt; borrowings pl, borrowed funds pl
заёмный капита́л — loan / debt capital
заёмный проце́нт — borrowing rate (of interest)
заёмное письмо́ юр. — acknowledgement of debt
-
68 market
-
69 Historical Portugal
Before Romans described western Iberia or Hispania as "Lusitania," ancient Iberians inhabited the land. Phoenician and Greek trading settlements grew up in the Tagus estuary area and nearby coasts. Beginning around 202 BCE, Romans invaded what is today southern Portugal. With Rome's defeat of Carthage, Romans proceeded to conquer and rule the western region north of the Tagus, which they named Roman "Lusitania." In the fourth century CE, as Rome's rule weakened, the area experienced yet another invasion—Germanic tribes, principally the Suevi, who eventually were Christianized. During the sixth century CE, the Suevi kingdom was superseded by yet another Germanic tribe—the Christian Visigoths.A major turning point in Portugal's history came in 711, as Muslim armies from North Africa, consisting of both Arab and Berber elements, invaded the Iberian Peninsula from across the Straits of Gibraltar. They entered what is now Portugal in 714, and proceeded to conquer most of the country except for the far north. For the next half a millennium, Islam and Muslim presence in Portugal left a significant mark upon the politics, government, language, and culture of the country.Islam, Reconquest, and Portugal Created, 714-1140The long frontier struggle between Muslim invaders and Christian communities in the north of the Iberian peninsula was called the Reconquista (Reconquest). It was during this struggle that the first dynasty of Portuguese kings (Burgundian) emerged and the independent monarchy of Portugal was established. Christian forces moved south from what is now the extreme north of Portugal and gradually defeated Muslim forces, besieging and capturing towns under Muslim sway. In the ninth century, as Christian forces slowly made their way southward, Christian elements were dominant only in the area between Minho province and the Douro River; this region became known as "territorium Portu-calense."In the 11th century, the advance of the Reconquest quickened as local Christian armies were reinforced by crusading knights from what is now France and England. Christian forces took Montemor (1034), at the Mondego River; Lamego (1058); Viseu (1058); and Coimbra (1064). In 1095, the king of Castile and Léon granted the country of "Portu-cale," what became northern Portugal, to a Burgundian count who had emigrated from France. This was the foundation of Portugal. In 1139, a descendant of this count, Afonso Henriques, proclaimed himself "King of Portugal." He was Portugal's first monarch, the "Founder," and the first of the Burgundian dynasty, which ruled until 1385.The emergence of Portugal in the 12th century as a separate monarchy in Iberia occurred before the Christian Reconquest of the peninsula. In the 1140s, the pope in Rome recognized Afonso Henriques as king of Portugal. In 1147, after a long, bloody siege, Muslim-occupied Lisbon fell to Afonso Henriques's army. Lisbon was the greatest prize of the 500-year war. Assisting this effort were English crusaders on their way to the Holy Land; the first bishop of Lisbon was an Englishman. When the Portuguese captured Faro and Silves in the Algarve province in 1248-50, the Reconquest of the extreme western portion of the Iberian peninsula was complete—significantly, more than two centuries before the Spanish crown completed the Reconquest of the eastern portion by capturing Granada in 1492.Consolidation and Independence of Burgundian Portugal, 1140-1385Two main themes of Portugal's early existence as a monarchy are the consolidation of control over the realm and the defeat of a Castil-ian threat from the east to its independence. At the end of this period came the birth of a new royal dynasty (Aviz), which prepared to carry the Christian Reconquest beyond continental Portugal across the straits of Gibraltar to North Africa. There was a variety of motives behind these developments. Portugal's independent existence was imperiled by threats from neighboring Iberian kingdoms to the north and east. Politics were dominated not only by efforts against the Muslims inPortugal (until 1250) and in nearby southern Spain (until 1492), but also by internecine warfare among the kingdoms of Castile, Léon, Aragon, and Portugal. A final comeback of Muslim forces was defeated at the battle of Salado (1340) by allied Castilian and Portuguese forces. In the emerging Kingdom of Portugal, the monarch gradually gained power over and neutralized the nobility and the Church.The historic and commonplace Portuguese saying "From Spain, neither a good wind nor a good marriage" was literally played out in diplomacy and war in the late 14th-century struggles for mastery in the peninsula. Larger, more populous Castile was pitted against smaller Portugal. Castile's Juan I intended to force a union between Castile and Portugal during this era of confusion and conflict. In late 1383, Portugal's King Fernando, the last king of the Burgundian dynasty, suddenly died prematurely at age 38, and the Master of Aviz, Portugal's most powerful nobleman, took up the cause of independence and resistance against Castile's invasion. The Master of Aviz, who became King João I of Portugal, was able to obtain foreign assistance. With the aid of English archers, Joao's armies defeated the Castilians in the crucial battle of Aljubarrota, on 14 August 1385, a victory that assured the independence of the Portuguese monarchy from its Castilian nemesis for several centuries.Aviz Dynasty and Portugal's First Overseas Empire, 1385-1580The results of the victory at Aljubarrota, much celebrated in Portugal's art and monuments, and the rise of the Aviz dynasty also helped to establish a new merchant class in Lisbon and Oporto, Portugal's second city. This group supported King João I's program of carrying the Reconquest to North Africa, since it was interested in expanding Portugal's foreign commerce and tapping into Muslim trade routes and resources in Africa. With the Reconquest against the Muslims completed in Portugal and the threat from Castile thwarted for the moment, the Aviz dynasty launched an era of overseas conquest, exploration, and trade. These efforts dominated Portugal's 15th and 16th centuries.The overseas empire and age of Discoveries began with Portugal's bold conquest in 1415 of the Moroccan city of Ceuta. One royal member of the 1415 expedition was young, 21-year-old Prince Henry, later known in history as "Prince Henry the Navigator." His part in the capture of Ceuta won Henry his knighthood and began Portugal's "Marvelous Century," during which the small kingdom was counted as a European and world power of consequence. Henry was the son of King João I and his English queen, Philippa of Lancaster, but he did not inherit the throne. Instead, he spent most of his life and his fortune, and that of the wealthy military Order of Christ, on various imperial ventures and on voyages of exploration down the African coast and into the Atlantic. While mythology has surrounded Henry's controversial role in the Discoveries, and this role has been exaggerated, there is no doubt that he played a vital part in the initiation of Portugal's first overseas empire and in encouraging exploration. He was naturally curious, had a sense of mission for Portugal, and was a strong leader. He also had wealth to expend; at least a third of the African voyages of the time were under his sponsorship. If Prince Henry himself knew little science, significant scientific advances in navigation were made in his day.What were Portugal's motives for this new imperial effort? The well-worn historical cliche of "God, Glory, and Gold" can only partly explain the motivation of a small kingdom with few natural resources and barely 1 million people, which was greatly outnumbered by the other powers it confronted. Among Portuguese objectives were the desire to exploit known North African trade routes and resources (gold, wheat, leather, weaponry, and other goods that were scarce in Iberia); the need to outflank the Muslim world in the Mediterranean by sailing around Africa, attacking Muslims en route; and the wish to ally with Christian kingdoms beyond Africa. This enterprise also involved a strategy of breaking the Venetian spice monopoly by trading directly with the East by means of discovering and exploiting a sea route around Africa to Asia. Besides the commercial motives, Portugal nurtured a strong crusading sense of Christian mission, and various classes in the kingdom saw an opportunity for fame and gain.By the time of Prince Henry's death in 1460, Portugal had gained control of the Atlantic archipelagos of the Azores and Madeiras, begun to colonize the Cape Verde Islands, failed to conquer the Canary Islands from Castile, captured various cities on Morocco's coast, and explored as far as Senegal, West Africa, down the African coast. By 1488, Bar-tolomeu Dias had rounded the Cape of Good Hope in South Africa and thereby discovered the way to the Indian Ocean.Portugal's largely coastal African empire and later its fragile Asian empire brought unexpected wealth but were purchased at a high price. Costs included wars of conquest and defense against rival powers, manning the far-flung navel and trade fleets and scattered castle-fortresses, and staffing its small but fierce armies, all of which entailed a loss of skills and population to maintain a scattered empire. Always short of capital, the monarchy became indebted to bankers. There were many defeats beginning in the 16th century at the hands of the larger imperial European monarchies (Spain, France, England, and Holland) and many attacks on Portugal and its strung-out empire. Typically, there was also the conflict that arose when a tenuously held world empire that rarely if ever paid its way demanded finance and manpower Portugal itself lacked.The first 80 years of the glorious imperial era, the golden age of Portugal's imperial power and world influence, was an African phase. During 1415-88, Portuguese navigators and explorers in small ships, some of them caravelas (caravels), explored the treacherous, disease-ridden coasts of Africa from Morocco to South Africa beyond the Cape of Good Hope. By the 1470s, the Portuguese had reached the Gulf of Guinea and, in the early 1480s, what is now Angola. Bartolomeu Dias's extraordinary voyage of 1487-88 to South Africa's coast and the edge of the Indian Ocean convinced Portugal that the best route to Asia's spices and Christians lay south, around the tip of southern Africa. Between 1488 and 1495, there was a hiatus caused in part by domestic conflict in Portugal, discussion of resources available for further conquests beyond Africa in Asia, and serious questions as to Portugal's capacity to reach beyond Africa. In 1495, King Manuel and his council decided to strike for Asia, whatever the consequences. In 1497-99, Vasco da Gama, under royal orders, made the epic two-year voyage that discovered the sea route to western India (Asia), outflanked Islam and Venice, and began Portugal's Asian empire. Within 50 years, Portugal had discovered and begun the exploitation of its largest colony, Brazil, and set up forts and trading posts from the Middle East (Aden and Ormuz), India (Calicut, Goa, etc.), Malacca, and Indonesia to Macau in China.By the 1550s, parts of its largely coastal, maritime trading post empire from Morocco to the Moluccas were under siege from various hostile forces, including Muslims, Christians, and Hindi. Although Moroccan forces expelled the Portuguese from the major coastal cities by 1550, the rival European monarchies of Castile (Spain), England, France, and later Holland began to seize portions of her undermanned, outgunned maritime empire.In 1580, Phillip II of Spain, whose mother was a Portuguese princess and who had a strong claim to the Portuguese throne, invaded Portugal, claimed the throne, and assumed control over the realm and, by extension, its African, Asian, and American empires. Phillip II filled the power vacuum that appeared in Portugal following the loss of most of Portugal's army and its young, headstrong King Sebastião in a disastrous war in Morocco. Sebastiao's death in battle (1578) and the lack of a natural heir to succeed him, as well as the weak leadership of the cardinal who briefly assumed control in Lisbon, led to a crisis that Spain's strong monarch exploited. As a result, Portugal lost its independence to Spain for a period of 60 years.Portugal under Spanish Rule, 1580-1640Despite the disastrous nature of Portugal's experience under Spanish rule, "The Babylonian Captivity" gave birth to modern Portuguese nationalism, its second overseas empire, and its modern alliance system with England. Although Spain allowed Portugal's weakened empire some autonomy, Spanish rule in Portugal became increasingly burdensome and unacceptable. Spain's ambitious imperial efforts in Europe and overseas had an impact on the Portuguese as Spain made greater and greater demands on its smaller neighbor for manpower and money. Portugal's culture underwent a controversial Castilianization, while its empire became hostage to Spain's fortunes. New rival powers England, France, and Holland attacked and took parts of Spain's empire and at the same time attacked Portugal's empire, as well as the mother country.Portugal's empire bore the consequences of being attacked by Spain's bitter enemies in what was a form of world war. Portuguese losses were heavy. By 1640, Portugal had lost most of its Moroccan cities as well as Ceylon, the Moluccas, and sections of India. With this, Portugal's Asian empire was gravely weakened. Only Goa, Damão, Diu, Bombay, Timor, and Macau remained and, in Brazil, Dutch forces occupied the northeast.On 1 December 1640, long commemorated as a national holiday, Portuguese rebels led by the duke of Braganza overthrew Spanish domination and took advantage of Spanish weakness following a more serious rebellion in Catalonia. Portugal regained independence from Spain, but at a price: dependence on foreign assistance to maintain its independence in the form of the renewal of the alliance with England.Restoration and Second Empire, 1640-1822Foreign affairs and empire dominated the restoration era and aftermath, and Portugal again briefly enjoyed greater European power and prestige. The Anglo-Portuguese Alliance was renewed and strengthened in treaties of 1642, 1654, and 1661, and Portugal's independence from Spain was underwritten by English pledges and armed assistance. In a Luso-Spanish treaty of 1668, Spain recognized Portugal's independence. Portugal's alliance with England was a marriage of convenience and necessity between two monarchies with important religious, cultural, and social differences. In return for legal, diplomatic, and trade privileges, as well as the use during war and peace of Portugal's great Lisbon harbor and colonial ports for England's navy, England pledged to protect Portugal and its scattered empire from any attack. The previously cited 17th-century alliance treaties were renewed later in the Treaty of Windsor, signed in London in 1899. On at least 10 different occasions after 1640, and during the next two centuries, England was central in helping prevent or repel foreign invasions of its ally, Portugal.Portugal's second empire (1640-1822) was largely Brazil-oriented. Portuguese colonization, exploitation of wealth, and emigration focused on Portuguese America, and imperial revenues came chiefly from Brazil. Between 1670 and 1740, Portugal's royalty and nobility grew wealthier on funds derived from Brazilian gold, diamonds, sugar, tobacco, and other crops, an enterprise supported by the Atlantic slave trade and the supply of African slave labor from West Africa and Angola. Visitors today can see where much of that wealth was invested: Portugal's rich legacy of monumental architecture. Meanwhile, the African slave trade took a toll in Angola and West Africa.In continental Portugal, absolutist monarchy dominated politics and government, and there was a struggle for position and power between the monarchy and other institutions, such as the Church and nobility. King José I's chief minister, usually known in history as the marquis of Pombal (ruled 1750-77), sharply suppressed the nobility and theChurch (including the Inquisition, now a weak institution) and expelled the Jesuits. Pombal also made an effort to reduce economic dependence on England, Portugal's oldest ally. But his successes did not last much beyond his disputed time in office.Beginning in the late 18th century, the European-wide impact of the French Revolution and the rise of Napoleon placed Portugal in a vulnerable position. With the monarchy ineffectively led by an insane queen (Maria I) and her indecisive regent son (João VI), Portugal again became the focus of foreign ambition and aggression. With England unable to provide decisive assistance in time, France—with Spain's consent—invaded Portugal in 1807. As Napoleon's army under General Junot entered Lisbon meeting no resistance, Portugal's royal family fled on a British fleet to Brazil, where it remained in exile until 1821. In the meantime, Portugal's overseas empire was again under threat. There was a power vacuum as the monarch was absent, foreign armies were present, and new political notions of liberalism and constitutional monarchy were exciting various groups of citizens.Again England came to the rescue, this time in the form of the armies of the duke of Wellington. Three successive French invasions of Portugal were defeated and expelled, and Wellington succeeded in carrying the war against Napoleon across the Portuguese frontier into Spain. The presence of the English army, the new French-born liberal ideas, and the political vacuum combined to create revolutionary conditions. The French invasions and the peninsular wars, where Portuguese armed forces played a key role, marked the beginning of a new era in politics.Liberalism and Constitutional Monarchy, 1822-1910During 1807-22, foreign invasions, war, and civil strife over conflicting political ideas gravely damaged Portugal's commerce, economy, and novice industry. The next terrible blow was the loss of Brazil in 1822, the jewel in the imperial crown. Portugal's very independence seemed to be at risk. In vain, Portugal sought to resist Brazilian independence by force, but in 1825 it formally acknowledged Brazilian independence by treaty.Portugal's slow recovery from the destructive French invasions and the "war of independence" was complicated by civil strife over the form of constitutional monarchy that best suited Portugal. After struggles over these issues between 1820 and 1834, Portugal settled somewhat uncertainly into a moderate constitutional monarchy whose constitution (Charter of 1826) lent it strong political powers to exert a moderating influence between the executive and legislative branches of the government. It also featured a new upper middle class based on land ownership and commerce; a Catholic Church that, although still important, lived with reduced privileges and property; a largely African (third) empire to which Lisbon and Oporto devoted increasing spiritual and material resources, starting with the liberal imperial plans of 1836 and 1851, and continuing with the work of institutions like the Lisbon Society of Geography (established 1875); and a mass of rural peasants whose bonds to the land weakened after 1850 and who began to immigrate in increasing numbers to Brazil and North America.Chronic military intervention in national politics began in 19th-century Portugal. Such intervention, usually commencing with coups or pronunciamentos (military revolts), was a shortcut to the spoils of political office and could reflect popular discontent as well as the power of personalities. An early example of this was the 1817 golpe (coup) attempt of General Gomes Freire against British military rule in Portugal before the return of King João VI from Brazil. Except for a more stable period from 1851 to 1880, military intervention in politics, or the threat thereof, became a feature of the constitutional monarchy's political life, and it continued into the First Republic and the subsequent Estado Novo.Beginning with the Regeneration period (1851-80), Portugal experienced greater political stability and economic progress. Military intervention in politics virtually ceased; industrialization and construction of railroads, roads, and bridges proceeded; two political parties (Regenerators and Historicals) worked out a system of rotation in power; and leading intellectuals sparked a cultural revival in several fields. In 19th-century literature, there was a new golden age led by such figures as Alexandre Herculano (historian), Eça de Queirós (novelist), Almeida Garrett (playwright and essayist), Antero de Quental (poet), and Joaquim Oliveira Martins (historian and social scientist). In its third overseas empire, Portugal attempted to replace the slave trade and slavery with legitimate economic activities; to reform the administration; and to expand Portuguese holdings beyond coastal footholds deep into the African hinterlands in West, West Central, and East Africa. After 1841, to some extent, and especially after 1870, colonial affairs, combined with intense nationalism, pressures for economic profit in Africa, sentiment for national revival, and the drift of European affairs would make or break Lisbon governments.Beginning with the political crisis that arose out of the "English Ultimatum" affair of January 1890, the monarchy became discredtted and identified with the poorly functioning government, political parties splintered, and republicanism found more supporters. Portugal participated in the "Scramble for Africa," expanding its African holdings, but failed to annex territory connecting Angola and Mozambique. A growing foreign debt and state bankruptcy as of the early 1890s damaged the constitutional monarchy's reputation, despite the efforts of King Carlos in diplomacy, the renewal of the alliance in the Windsor Treaty of 1899, and the successful if bloody colonial wars in the empire (1880-97). Republicanism proclaimed that Portugal's weak economy and poor society were due to two historic institutions: the monarchy and the Catholic Church. A republic, its stalwarts claimed, would bring greater individual liberty; efficient, if more decentralized government; and a stronger colonial program while stripping the Church of its role in both society and education.As the monarchy lost support and republicans became more aggressive, violence increased in politics. King Carlos I and his heir Luís were murdered in Lisbon by anarchist-republicans on 1 February 1908. Following a military and civil insurrection and fighting between monarchist and republican forces, on 5 October 1910, King Manuel II fled Portugal and a republic was proclaimed.First Parliamentary Republic, 1910-26Portugal's first attempt at republican government was the most unstable, turbulent parliamentary republic in the history of 20th-century Western Europe. During a little under 16 years of the republic, there were 45 governments, a number of legislatures that did not complete normal terms, military coups, and only one president who completed his four-year term in office. Portuguese society was poorly prepared for this political experiment. Among the deadly legacies of the monarchy were a huge public debt; a largely rural, apolitical, and illiterate peasant population; conflict over the causes of the country's misfortunes; and lack of experience with a pluralist, democratic system.The republic had some talented leadership but lacked popular, institutional, and economic support. The 1911 republican constitution established only a limited democracy, as only a small portion of the adult male citizenry was eligible to vote. In a country where the majority was Catholic, the republic passed harshly anticlerical laws, and its institutions and supporters persecuted both the Church and its adherents. During its brief disjointed life, the First Republic drafted important reform plans in economic, social, and educational affairs; actively promoted development in the empire; and pursued a liberal, generous foreign policy. Following British requests for Portugal's assistance in World War I, Portugal entered the war on the Allied side in March 1916 and sent armies to Flanders and Portuguese Africa. Portugal's intervention in that conflict, however, was too costly in many respects, and the ultimate failure of the republic in part may be ascribed to Portugal's World War I activities.Unfortunately for the republic, its time coincided with new threats to Portugal's African possessions: World War I, social and political demands from various classes that could not be reconciled, excessive military intervention in politics, and, in particular, the worst economic and financial crisis Portugal had experienced since the 16th and 17th centuries. After the original Portuguese Republican Party (PRP, also known as the "Democrats") splintered into three warring groups in 1912, no true multiparty system emerged. The Democrats, except for only one or two elections, held an iron monopoly of electoral power, and political corruption became a major issue. As extreme right-wing dictatorships elsewhere in Europe began to take power in Italy (1922), neighboring Spain (1923), and Greece (1925), what scant popular support remained for the republic collapsed. Backed by a right-wing coalition of landowners from Alentejo, clergy, Coimbra University faculty and students, Catholic organizations, and big business, career military officers led by General Gomes da Costa executed a coup on 28 May 1926, turned out the last republican government, and established a military government.The Estado Novo (New State), 1926-74During the military phase (1926-32) of the Estado Novo, professional military officers, largely from the army, governed and administered Portugal and held key cabinet posts, but soon discovered that the military possessed no magic formula that could readily solve the problems inherited from the First Republic. Especially during the years 1926-31, the military dictatorship, even with its political repression of republican activities and institutions (military censorship of the press, political police action, and closure of the republic's rowdy parliament), was characterized by similar weaknesses: personalism and factionalism; military coups and political instability, including civil strife and loss of life; state debt and bankruptcy; and a weak economy. "Barracks parliamentarism" was not an acceptable alternative even to the "Nightmare Republic."Led by General Óscar Carmona, who had replaced and sent into exile General Gomes da Costa, the military dictatorship turned to a civilian expert in finance and economics to break the budget impasse and bring coherence to the disorganized system. Appointed minister of finance on 27 April 1928, the Coimbra University Law School professor of economics Antônio de Oliveira Salazar (1889-1970) first reformed finance, helped balance the budget, and then turned to other concerns as he garnered extraordinary governing powers. In 1930, he was appointed interim head of another key ministry (Colonies) and within a few years had become, in effect, a civilian dictator who, with the military hierarchy's support, provided the government with coherence, a program, and a set of policies.For nearly 40 years after he was appointed the first civilian prime minister in 1932, Salazar's personality dominated the government. Unlike extreme right-wing dictators elsewhere in Europe, Salazar was directly appointed by the army but was never endorsed by a popular political party, street militia, or voter base. The scholarly, reclusive former Coimbra University professor built up what became known after 1932 as the Estado Novo ("New State"), which at the time of its overthrow by another military coup in 1974, was the longest surviving authoritarian regime in Western Europe. The system of Salazar and the largely academic and technocratic ruling group he gathered in his cabinets was based on the central bureaucracy of the state, which was supported by the president of the republic—always a senior career military officer, General Óscar Carmona (1928-51), General Craveiro Lopes (1951-58), and Admiral Américo Tómaz (1958-74)—and the complicity of various institutions. These included a rubber-stamp legislature called the National Assembly (1935-74) and a political police known under various names: PVDE (1932-45), PIDE (1945-69),and DGS (1969-74). Other defenders of the Estado Novo security were paramilitary organizations such as the National Republican Guard (GNR); the Portuguese Legion (PL); and the Portuguese Youth [Movement]. In addition to censorship of the media, theater, and books, there was political repression and a deliberate policy of depoliticization. All political parties except for the approved movement of regime loyalists, the União Nacional or (National Union), were banned.The most vigorous and more popular period of the New State was 1932-44, when the basic structures were established. Never monolithic or entirely the work of one person (Salazar), the New State was constructed with the assistance of several dozen top associates who were mainly academics from law schools, some technocrats with specialized skills, and a handful of trusted career military officers. The 1933 Constitution declared Portugal to be a "unitary, corporative Republic," and pressures to restore the monarchy were resisted. Although some of the regime's followers were fascists and pseudofascists, many more were conservative Catholics, integralists, nationalists, and monarchists of different varieties, and even some reactionary republicans. If the New State was authoritarian, it was not totalitarian and, unlike fascism in Benito Mussolini's Italy or Adolf Hitler's Germany, it usually employed the minimum of violence necessary to defeat what remained a largely fractious, incoherent opposition.With the tumultuous Second Republic and the subsequent civil war in nearby Spain, the regime felt threatened and reinforced its defenses. During what Salazar rightly perceived as a time of foreign policy crisis for Portugal (1936-45), he assumed control of the Ministry of Foreign Affairs. From there, he pursued four basic foreign policy objectives: supporting the Nationalist rebels of General Francisco Franco in the Spanish Civil War (1936-39) and concluding defense treaties with a triumphant Franco; ensuring that General Franco in an exhausted Spain did not enter World War II on the Axis side; maintaining Portuguese neutrality in World War II with a post-1942 tilt toward the Allies, including granting Britain and the United States use of bases in the Azores Islands; and preserving and protecting Portugal's Atlantic Islands and its extensive, if poor, overseas empire in Africa and Asia.During the middle years of the New State (1944-58), many key Salazar associates in government either died or resigned, and there was greater social unrest in the form of unprecedented strikes and clandestine Communist activities, intensified opposition, and new threatening international pressures on Portugal's overseas empire. During the earlier phase of the Cold War (1947-60), Portugal became a steadfast, if weak, member of the US-dominated North Atlantic Treaty Organization alliance and, in 1955, with American support, Portugal joined the United Nations (UN). Colonial affairs remained a central concern of the regime. As of 1939, Portugal was the third largest colonial power in the world and possessed territories in tropical Africa (Angola, Mozambique, Guinea-Bissau, and São Tomé and Príncipe Islands) and the remnants of its 16th-century empire in Asia (Goa, Damão, Diu, East Timor, and Macau). Beginning in the early 1950s, following the independence of India in 1947, Portugal resisted Indian pressures to decolonize Portuguese India and used police forces to discourage internal opposition in its Asian and African colonies.The later years of the New State (1958-68) witnessed the aging of the increasingly isolated but feared Salazar and new threats both at home and overseas. Although the regime easily overcame the brief oppositionist threat from rival presidential candidate General Humberto Delgado in the spring of 1958, new developments in the African and Asian empires imperiled the authoritarian system. In February 1961, oppositionists hijacked the Portuguese ocean liner Santa Maria and, in following weeks, African insurgents in northern Angola, although they failed to expel the Portuguese, gained worldwide media attention, discredited the New State, and began the 13-year colonial war. After thwarting a dissident military coup against his continued leadership, Salazar and his ruling group mobilized military repression in Angola and attempted to develop the African colonies at a faster pace in order to ensure Portuguese control. Meanwhile, the other European colonial powers (Britain, France, Belgium, and Spain) rapidly granted political independence to their African territories.At the time of Salazar's removal from power in September 1968, following a stroke, Portugal's efforts to maintain control over its colonies appeared to be successful. President Americo Tomás appointed Dr. Marcello Caetano as Salazar's successor as prime minister. While maintaining the New State's basic structures, and continuing the regime's essential colonial policy, Caetano attempted wider reforms in colonial administration and some devolution of power from Lisbon, as well as more freedom of expression in Lisbon. Still, a great deal of the budget was devoted to supporting the wars against the insurgencies in Africa. Meanwhile in Asia, Portuguese India had fallen when the Indian army invaded in December 1961. The loss of Goa was a psychological blow to the leadership of the New State, and of the Asian empire only East Timor and Macau remained.The Caetano years (1968-74) were but a hiatus between the waning Salazar era and a new regime. There was greater political freedom and rapid economic growth (5-6 percent annually to late 1973), but Caetano's government was unable to reform the old system thoroughly and refused to consider new methods either at home or in the empire. In the end, regime change came from junior officers of the professional military who organized the Armed Forces Movement (MFA) against the Caetano government. It was this group of several hundred officers, mainly in the army and navy, which engineered a largely bloodless coup in Lisbon on 25 April 1974. Their unexpected action brought down the 48-year-old New State and made possible the eventual establishment and consolidation of democratic governance in Portugal, as well as a reorientation of the country away from the Atlantic toward Europe.Revolution of Carnations, 1974-76Following successful military operations of the Armed Forces Movement against the Caetano government, Portugal experienced what became known as the "Revolution of Carnations." It so happened that during the rainy week of the military golpe, Lisbon flower shops were featuring carnations, and the revolutionaries and their supporters adopted the red carnation as the common symbol of the event, as well as of the new freedom from dictatorship. The MFA, whose leaders at first were mostly little-known majors and captains, proclaimed a three-fold program of change for the new Portugal: democracy; decolonization of the overseas empire, after ending the colonial wars; and developing a backward economy in the spirit of opportunity and equality. During the first 24 months after the coup, there was civil strife, some anarchy, and a power struggle. With the passing of the Estado Novo, public euphoria burst forth as the new provisional military government proclaimed the freedoms of speech, press, and assembly, and abolished censorship, the political police, the Portuguese Legion, Portuguese Youth, and other New State organizations, including the National Union. Scores of political parties were born and joined the senior political party, the Portuguese Community Party (PCP), and the Socialist Party (PS), founded shortly before the coup.Portugal's Revolution of Carnations went through several phases. There was an attempt to take control by radical leftists, including the PCP and its allies. This was thwarted by moderate officers in the army, as well as by the efforts of two political parties: the PS and the Social Democrats (PPD, later PSD). The first phase was from April to September 1974. Provisional president General Antonio Spínola, whose 1974 book Portugal and the Future had helped prepare public opinion for the coup, met irresistible leftist pressures. After Spinola's efforts to avoid rapid decolonization of the African empire failed, he resigned in September 1974. During the second phase, from September 1974 to March 1975, radical military officers gained control, but a coup attempt by General Spínola and his supporters in Lisbon in March 1975 failed and Spínola fled to Spain.In the third phase of the Revolution, March-November 1975, a strong leftist reaction followed. Farm workers occupied and "nationalized" 1.1 million hectares of farmland in the Alentejo province, and radical military officers in the provisional government ordered the nationalization of Portuguese banks (foreign banks were exempted), utilities, and major industries, or about 60 percent of the economic system. There were power struggles among various political parties — a total of 50 emerged—and in the streets there was civil strife among labor, military, and law enforcement groups. A constituent assembly, elected on 25 April 1975, in Portugal's first free elections since 1926, drafted a democratic constitution. The Council of the Revolution (CR), briefly a revolutionary military watchdog committee, was entrenched as part of the government under the constitution, until a later revision. During the chaotic year of 1975, about 30 persons were killed in political frays while unstable provisional governments came and went. On 25 November 1975, moderate military forces led by Colonel Ramalho Eanes, who later was twice elected president of the republic (1976 and 1981), defeated radical, leftist military groups' revolutionary conspiracies.In the meantime, Portugal's scattered overseas empire experienced a precipitous and unprepared decolonization. One by one, the former colonies were granted and accepted independence—Guinea-Bissau (September 1974), Cape Verde Islands (July 1975), and Mozambique (July 1975). Portugal offered to turn over Macau to the People's Republic of China, but the offer was refused then and later negotiations led to the establishment of a formal decolonization or hand-over date of 1999. But in two former colonies, the process of decolonization had tragic results.In Angola, decolonization negotiations were greatly complicated by the fact that there were three rival nationalist movements in a struggle for power. The January 1975 Alvor Agreement signed by Portugal and these three parties was not effectively implemented. A bloody civil war broke out in Angola in the spring of 1975 and, when Portuguese armed forces withdrew and declared that Angola was independent on 11 November 1975, the bloodshed only increased. Meanwhile, most of the white Portuguese settlers from Angola and Mozambique fled during the course of 1975. Together with African refugees, more than 600,000 of these retornados ("returned ones") went by ship and air to Portugal and thousands more to Namibia, South Africa, Brazil, Canada, and the United States.The second major decolonization disaster was in Portugal's colony of East Timor in the Indonesian archipelago. Portugal's capacity to supervise and control a peaceful transition to independence in this isolated, neglected colony was limited by the strength of giant Indonesia, distance from Lisbon, and Portugal's revolutionary disorder and inability to defend Timor. In early December 1975, before Portugal granted formal independence and as one party, FRETILIN, unilaterally declared East Timor's independence, Indonesia's armed forces invaded, conquered, and annexed East Timor. Indonesian occupation encountered East Timorese resistance, and a heavy loss of life followed. The East Timor question remained a contentious international issue in the UN, as well as in Lisbon and Jakarta, for more than 20 years following Indonesia's invasion and annexation of the former colony of Portugal. Major changes occurred, beginning in 1998, after Indonesia underwent a political revolution and allowed a referendum in East Timor to decide that territory's political future in August 1999. Most East Timorese chose independence, but Indonesian forces resisted that verdict untilUN intervention in September 1999. Following UN rule for several years, East Timor attained full independence on 20 May 2002.Consolidation of Democracy, 1976-2000After several free elections and record voter turnouts between 25 April 1975 and June 1976, civil war was averted and Portugal's second democratic republic began to stabilize. The MFA was dissolved, the military were returned to the barracks, and increasingly elected civilians took over the government of the country. The 1976 Constitution was revised several times beginning in 1982 and 1989, in order to reempha-size the principle of free enterprise in the economy while much of the large, nationalized sector was privatized. In June 1976, General Ram-alho Eanes was elected the first constitutional president of the republic (five-year term), and he appointed socialist leader Dr. Mário Soares as prime minister of the first constitutional government.From 1976 to 1985, Portugal's new system featured a weak economy and finances, labor unrest, and administrative and political instability. The difficult consolidation of democratic governance was eased in part by the strong currency and gold reserves inherited from the Estado Novo, but Lisbon seemed unable to cope with high unemployment, new debt, the complex impact of the refugees from Africa, world recession, and the agitation of political parties. Four major parties emerged from the maelstrom of 1974-75, except for the Communist Party, all newly founded. They were, from left to right, the Communists (PCP); the Socialists (PS), who managed to dominate governments and the legislature but not win a majority in the Assembly of the Republic; the Social Democrats (PSD); and the Christian Democrats (CDS). During this period, the annual growth rate was low (l-2 percent), and the nationalized sector of the economy stagnated.Enhanced economic growth, greater political stability, and more effective central government as of 1985, and especially 1987, were due to several developments. In 1977, Portugal applied for membership in the European Economic Community (EEC), now the European Union (EU) since 1993. In January 1986, with Spain, Portugal was granted membership, and economic and financial progress in the intervening years has been significantly influenced by the comparatively large investment, loans, technology, advice, and other assistance from the EEC. Low unemployment, high annual growth rates (5 percent), and moderate inflation have also been induced by the new political and administrative stability in Lisbon. Led by Prime Minister Cavaco Silva, an economist who was trained abroad, the PSD's strong organization, management, and electoral support since 1985 have assisted in encouraging economic recovery and development. In 1985, the PSD turned the PS out of office and won the general election, although they did not have an absolute majority of assembly seats. In 1986, Mário Soares was elected president of the republic, the first civilian to hold that office since the First Republic. In the elections of 1987 and 1991, however, the PSD was returned to power with clear majorities of over 50 percent of the vote.Although the PSD received 50.4 percent of the vote in the 1991 parliamentary elections and held a 42-seat majority in the Assembly of the Republic, the party began to lose public support following media revelations regarding corruption and complaints about Prime Minister Cavaco Silva's perceived arrogant leadership style. President Mário Soares voiced criticism of the PSD's seemingly untouchable majority and described a "tyranny of the majority." Economic growth slowed down. In the parliamentary elections of 1995 and the presidential election of 1996, the PSD's dominance ended for the time being. Prime Minister Antônio Guterres came to office when the PS won the October 1995 elections, and in the subsequent presidential contest, in January 1996, socialist Jorge Sampaio, the former mayor of Lisbon, was elected president of the republic, thus defeating Cavaco Silva's bid. Young and popular, Guterres moved the PS toward the center of the political spectrum. Under Guterres, the PS won the October 1999 parliamentary elections. The PS defeated the PSD but did not manage to win a clear, working majority of seats, and this made the PS dependent upon alliances with smaller parties, including the PCP.In the local elections in December 2001, the PSD's criticism of PS's heavy public spending allowed the PSD to take control of the key cities of Lisbon, Oporto, and Coimbra. Guterres resigned, and parliamentary elections were brought forward from 2004 to March 2002. The PSD won a narrow victory with 40 percent of the votes, and Jose Durão Barroso became prime minister. Having failed to win a majority of the seats in parliament forced the PSD to govern in coalition with the right-wing Popular Party (PP) led by Paulo Portas. Durão Barroso set about reducing government spending by cutting the budgets of local authorities, freezing civil service hiring, and reviving the economy by accelerating privatization of state-owned enterprises. These measures provoked a 24-hour strike by public-sector workers. Durão Barroso reacted with vows to press ahead with budget-cutting measures and imposed a wage freeze on all employees earning more than €1,000, which affected more than one-half of Portugal's work force.In June 2004, Durão Barroso was invited by Romano Prodi to succeed him as president of the European Commission. Durão Barroso accepted and resigned the prime ministership in July. Pedro Santana Lopes, the leader of the PSD, became prime minister. Already unpopular at the time of Durão Barroso's resignation, the PSD-led government became increasingly unpopular under Santana Lopes. A month-long delay in the start of the school year and confusion over his plan to cut taxes and raise public-sector salaries, eroded confidence even more. By November, Santana Lopes's government was so unpopular that President Jorge Sampaio was obliged to dissolve parliament and hold new elections, two years ahead of schedule.Parliamentary elections were held on 20 February 2005. The PS, which had promised the electorate disciplined and transparent governance, educational reform, the alleviation of poverty, and a boost in employment, won 45 percent of the vote and the majority of the seats in parliament. The leader of the PS, José Sôcrates became prime minister on 12 March 2005. In the regularly scheduled presidential elections held on 6 January 2006, the former leader of the PSD and prime minister, Aníbal Cavaco Silva, won a narrow victory and became president on 9 March 2006. With a mass protest, public teachers' strike, and street demonstrations in March 2008, Portugal's media, educational, and social systems experienced more severe pressures. With the spreading global recession beginning in September 2008, Portugal's economic and financial systems became more troubled.Owing to its geographic location on the southwestern most edge of continental Europe, Portugal has been historically in but not of Europe. Almost from the beginning of its existence in the 12th century as an independent monarchy, Portugal turned its back on Europe and oriented itself toward the Atlantic Ocean. After carving out a Christian kingdom on the western portion of the Iberian peninsula, Portuguese kings gradually built and maintained a vast seaborne global empire that became central to the way Portugal understood its individuality as a nation-state. While the creation of this empire allows Portugal to claim an unusual number of "firsts" or distinctions in world and Western history, it also retarded Portugal's economic, social, and political development. It can be reasonably argued that the Revolution of 25 April 1974 was the most decisive event in Portugal's long history because it finally ended Portugal's oceanic mission and view of itself as an imperial power. After the 1974 Revolution, Portugal turned away from its global mission and vigorously reoriented itself toward Europe. Contemporary Portugal is now both in and of Europe.The turn toward Europe began immediately after 25 April 1974. Portugal granted independence to its African colonies in 1975. It was admitted to the European Council and took the first steps toward accession to the European Economic Community (EEC) in 1976. On 28 March 1977, the Portuguese government officially applied for EEC membership. Because of Portugal's economic and social backwardness, which would require vast sums of EEC money to overcome, negotiations for membership were long and difficult. Finally, a treaty of accession was signed on 12 June 1985. Portugal officially joined the EEC (the European Union [EU] since 1993) on 1 January 1986. Since becoming a full-fledged member of the EU, Portugal has been steadily overcoming the economic and social underdevelopment caused by its imperial past and is becoming more like the rest of Europe.Membership in the EU has speeded up the structural transformation of Portugal's economy, which actually began during the Estado Novo. Investments made by the Estado Novo in Portugal's economy began to shift employment out of the agricultural sector, which, in 1950, accounted for 50 percent of Portugal's economically active population. Today, only 10 percent of the economically active population is employed in the agricultural sector (the highest among EU member states); 30 percent in the industrial sector (also the highest among EU member states); and 60 percent in the service sector (the lowest among EU member states). The economically active population numbers about 5,000,000 employed, 56 percent of whom are women. Women workers are the majority of the workforce in the agricultural and service sectors (the highest among the EU member states). The expansion of the service sector has been primarily in health care and education. Portugal has had the lowest unemployment rates among EU member states, with the overall rate never being more than 10 percent of the active population. Since joining the EU, the number of employers increased from 2.6 percent to 5.8 percent of the active population; self-employed from 16 to 19 percent; and employees from 65 to 70 percent. Twenty-six percent of the employers are women. Unemployment tends to hit younger workers in industry and transportation, women employed in domestic service, workers on short-term contracts, and poorly educated workers. Salaried workers earn only 63 percent of the EU average, and hourly workers only one-third to one-half of that earned by their EU counterparts. Despite having had the second highest growth of gross national product (GNP) per inhabitant (after Ireland) among EU member states, the above data suggest that while much has been accomplished in terms of modernizing the Portuguese economy, much remains to be done to bring Portugal's economy up to the level of the "average" EU member state.Membership in the EU has also speeded up changes in Portuguese society. Over the last 30 years, coastalization and urbanization have intensified. Fully 50 percent of Portuguese live in the coastal urban conurbations of Lisbon, Oporto, Braga, Aveiro, Coimbra, Viseu, Évora, and Faro. The Portuguese population is one of the oldest among EU member states (17.3 percent are 65 years of age or older) thanks to a considerable increase in life expectancy at birth (77.87 years for the total population, 74.6 years for men, 81.36 years for women) and one of the lowest birthrates (10.59 births/1,000) in Europe. Family size averages 2.8 persons per household, with the strict nuclear family (one or two generations) in which both parents work being typical. Common law marriages, cohabitating couples, and single-parent households are more and more common. The divorce rate has also increased. "Youth Culture" has developed. The young have their own meeting places, leisure-time activities, and nightlife (bars, clubs, and discos).All Portuguese citizens, whether they have contributed or not, have a right to an old-age pension, invalidity benefits, widowed persons' pension, as well as payments for disabilities, children, unemployment, and large families. There is a national minimum wage (€385 per month), which is low by EU standards. The rapid aging of Portugal's population has changed the ratio of contributors to pensioners to 1.7, the lowest in the EU. This has created deficits in Portugal's social security fund.The adult literacy rate is about 92 percent. Illiteracy is still found among the elderly. Although universal compulsory education up to grade 9 was achieved in 1980, only 21.2 percent of the population aged 25-64 had undergone secondary education, compared to an EU average of 65.7 percent. Portugal's higher education system currently consists of 14 state universities and 14 private universities, 15 state polytechnic institutions, one Catholic university, and one military academy. All in all, Portugal spends a greater percentage of its state budget on education than most EU member states. Despite this high level of expenditure, the troubled Portuguese education system does not perform well. Early leaving and repetition rates are among the highest among EU member states.After the Revolution of 25 April 1974, Portugal created a National Health Service, which today consists of 221 hospitals and 512 medical centers employing 33,751 doctors and 41,799 nurses. Like its education system, Portugal's medical system is inefficient. There are long waiting lists for appointments with specialists and for surgical procedures.Structural changes in Portugal's economy and society mean that social life in Portugal is not too different from that in other EU member states. A mass consumption society has been created. Televisions, telephones, refrigerators, cars, music equipment, mobile phones, and personal computers are commonplace. Sixty percent of Portuguese households possess at least one automobile, and 65 percent of Portuguese own their own home. Portuguese citizens are more aware of their legal rights than ever before. This has resulted in a trebling of the number of legal proceeding since 1960 and an eight-fold increase in the number of lawyers. In general, Portuguese society has become more permissive and secular; the Catholic Church and the armed forces are much less influential than in the past. Portugal's population is also much more culturally, religiously, and ethnically diverse, a consequence of the coming to Portugal of hundreds of thousands of immigrants, mainly from former African colonies.Portuguese are becoming more cosmopolitan and sophisticated through the impact of world media, the Internet, and the World Wide Web. A prime case in point came in the summer and early fall of 1999, with the extraordinary events in East Timor and the massive Portuguese popular responses. An internationally monitored referendum in East Timor, Portugal's former colony in the Indonesian archipelago and under Indonesian occupation from late 1975 to summer 1999, resulted in a vote of 78.5 percent for rejecting integration with Indonesia and for independence. When Indonesian prointegration gangs, aided by the Indonesian military, responded to the referendum with widespread brutality and threatened to reverse the verdict of the referendum, there was a spontaneous popular outpouring of protest in the cities and towns of Portugal. An avalanche of Portuguese e-mail fell on leaders and groups in the UN and in certain countries around the world as Portugal's diplomats, perhaps to compensate for the weak initial response to Indonesian armed aggression in 1975, called for the protection of East Timor as an independent state and for UN intervention to thwart Indonesian action. Using global communications networks, the Portuguese were able to mobilize UN and world public opinion against Indonesian actions and aided the eventual independence of East Timor on 20 May 2002.From the Revolution of 25 April 1974 until the 1990s, Portugal had a large number of political parties, one of the largest Communist parties in western Europe, frequent elections, and endemic cabinet instability. Since the 1990s, the number of political parties has been dramatically reduced and cabinet stability increased. Gradually, the Portuguese electorate has concentrated around two larger parties, the right-of-center Social Democrats (PSD) and the left-of-center Socialist (PS). In the 1980s, these two parties together garnered 65 percent of the vote and 70 percent of the seats in parliament. In 2005, these percentages had risen to 74 percent and 85 percent, respectively. In effect, Portugal is currently a two-party dominant system in which the two largest parties — PS and PSD—alternate in and out of power, not unlike the rotation of the two main political parties (the Regenerators and the Historicals) during the last decades (1850s to 1880s) of the liberal constitutional monarchy. As Portugal's democracy has consolidated, turnout rates for the eligible electorate have declined. In the 1970s, turnout was 85 percent. In Portugal's most recent parliamentary election (2005), turnout had fallen to 65 percent of the eligible electorate.Portugal has benefited greatly from membership in the EU, and whatever doubts remain about the price paid for membership, no Portuguese government in the near future can afford to sever this connection. The vast majority of Portuguese citizens see membership in the EU as a "good thing" and strongly believe that Portugal has benefited from membership. Only the Communist Party opposed membership because it reduces national sovereignty, serves the interests of capitalists not workers, and suffers from a democratic deficit. Despite the high level of support for the EU, Portuguese voters are increasingly not voting in elections for the European Parliament, however. Turnout for European Parliament elections fell from 40 percent of the eligible electorate in the 1999 elections to 38 percent in the 2004 elections.In sum, Portugal's turn toward Europe has done much to overcome its backwardness. However, despite the economic, social, and political progress made since 1986, Portugal has a long way to go before it can claim to be on a par with the level found even in Spain, much less the rest of western Europe. As Portugal struggles to move from underde-velopment, especially in the rural areas away from the coast, it must keep in mind the perils of too rapid modern development, which could damage two of its most precious assets: its scenery and environment. The growth and future prosperity of the economy will depend on the degree to which the government and the private sector will remain stewards of clean air, soil, water, and other finite resources on which the tourism industry depends and on which Portugal's world image as a unique place to visit rests. Currently, Portugal is investing heavily in renewable energy from solar, wind, and wave power in order to account for about 50 percent of its electricity needs by 2010. Portugal opened the world's largest solar power plant and the world's first commercial wave power farm in 2006.An American documentary film on Portugal produced in the 1970s described this little country as having "a Past in Search of a Future." In the years after the Revolution of 25 April 1974, it could be said that Portugal is now living in "a Present in Search of a Future." Increasingly, that future lies in Europe as an active and productive member of the EU. -
70 allowance
1. сущ.1)а) эк. тр. содержание (денежное на определенный срок, напр., суточные); денежное пособие, денежная помощь; прибавка*, надбавка* (сумма, выплачиваемая в дополнение к обычному вознаграждению в качестве компенсации или поощрения; напр., надбавка к заработной плате за знание иностранных языков, надбавка к заработной плате за работу в неблагоприятных условиях и т. д.; также любые выплаты, призванные компенсировать расходы, понесенные данным лицом, напр., выплаты в счет покрытия транспортных расходов коммивояжера, выплаты работникам на приобретение спецодежды, командировочные и т. п.)He had a comfortable allowance from his father and would not have had to worry at all about money. — Он получал от отца достаточное денежное содержание и мог вовсе не беспокоится о деньгах.
See:attendance allowance, away from home allowance, Basic Allowance for Housing, Basic Allowance for Quarters, bereavement allowance, board allowance, burial allowance, carer allowance, carer's allowance, child care allowance, child disability allowance, children's allowance, clothing allowance, cost-of-living allowance, dearness allowance, decorating allowance, disability allowance, disability living allowance, Disability Working Allowance, dismissal allowance, education maintenance allowance, Emergency Maintenance Allowance, enterprise allowance, entertainment allowance 2), family allowance, family separation allowance, finish-out allowance, funeral allowance, guardian's allowance, hardship allowance, higher duties allowance, Hill Livestock Compensatory Allowance, hospitality allowance, housing allowance, injury allowance, installation allowance, Independent Circumstances Allowance, job search allowance, jobseeker's allowance, language allowance, living allowance, living away from home allowance, lodging allowance, maternity allowance, mature age allowance, mileage allowance 2), mobility allowance, newstart allowance, night duty allowance, northern allowance, on-call allowance, overtime allowance, paternity allowance, per diem allowance, pharmaceutical allowance, qualification allowance, reduced earnings allowance, relocation allowance, rent allowance, responsibility allowance, retention allowance, seniors concession allowance, severance allowance, severe disability allowance, severe disablement allowance, shift allowance, sickness allowance, special responsibility allowance, subsistence allowance, telephone allowance, temporary duty travel allowance, temporary lodging allowance, tenant improvement allowance, Trade Readjustment Allowance, training allowance, Training Incentive Allowance, travel allowance, uniform allowance, Variable Housing Allowance, weekend allowance, widowed mother's allowance, widowed parent's allowance, widow's allowance, youth allowance, basic payб) эк. карманные деньги; деньги на мелкие расходы (напр., школьника)в) мн., эк., воен. довольствие (продовольственное, вещевое и денежное снабжение военнослужащего)2)а) общ. рацион, порция; паек; норма отпуска, норма выдачи; квотаto put on short allowance — перевести на ограниченную норму, урезать норму
See:baggage allowance, carry-on allowance, entertainment allowance 1), free baggage allowance, hospitality allowance, lifetime allowance, mileage allowance 1), sick leave allowanceб) общ. норма времениSee:3) торг. скидка (вычет из фактурной стоимости товара, предоставляемый продавцом покупателю в случае быстрой оплаты товара, особых условий сделки (напр., обещание покупателя рекламировать товар) либо в случае, если товар был поставлен позже оговоренного срока или прибыл в поврежденном состоянии; термин обычно не распространяется на скидки с прейскурантной цены товара)tariff allowance — скидка с тарифа, тарифная скидка
Syn:deduction 2) б)See:advertising allowance, billback allowance, bill-back allowance, breakage allowance, buy-back allowance, buying allowance, case allowance, cooperative advertising allowance, damaged goods allowance, display allowance, distribution allowance, merchandise allowance, merchandising allowance, off-invoice allowance, price allowance, promotion allowance, promotional allowance, purchase allowance, retail display allowance, sales allowance, slotting allowance, trade allowance, trade-in allowance, discount 1. 1) а) invoice price, purchase returns and allowances, sales returns and allowances4) гос. фин. налоговая скидкаSyn:See:age allowance, allowance against tax, allowance for depletion, allowance for depreciation, amortization allowance, balancing allowance, capital allowance, capital cost allowance, capital gains tax allowance, capital recovery allowance, depletion allowance, depreciation allowance, first year allowance, income tax allowance, industrial-buildings allowance, initial allowance, investment allowance, investment tax allowance, married couple's allowance, personal allowance, wear and tear allowance, wife's earned income allowance, withholding allowance, writing down allowance5) общ. учет; допущение; поправка (напр., на погрешность измерительного прибора при измерении), принятие в расчет, во вниманиеSee:6)а) общ., редк. разрешение, допущение, позволение; легальностьб) эк., юр., пат. признание (обоснованным, законным и т. п., напр., решение предварительной экспертизы о патентоспособности)7) учет, фин. резерв (средства, зарезервированные для будущего покрытия запланированных расходов и компенсирования возможных убытков, напр., резерв под обесценение финансовых вложений, по сомнительным долгам и т. п.; также часть названия бухгалтерских счетов, предназначенных для отражения таких резервов)See:allowance for bad debts, allowance for borrowed funds used during construction, allowance for doubtful accounts, allowance for equity funds used during construction, allowance for funds during construction, allowance for funds used during construction, allowance for loan losses, allowance for uncollectible accounts, allowance for uncollectibles, bad debt allowance, loan loss allowance, valuation allowance, allowance method8)а) эк., тех. допуск, допустимое отклонение (напр., размера детали от нормы)See:б) учет допустимая потеря* (потеря количества или качества, рассматриваемая как нормальная для данного производства)2. гл.1) общ. ограничивать (кого-л.) строго определенным количеством; рационировать потреблениеI am allowanced two glasses three hours before dinner. — Мне разрешают выпить два бокала за три часа до ужина.
2) эк. назначать [выдавать\] паек, содержание и т. п.
* * *
1) налоговая скидка; 2) денежное содержание, командировочные, карманные деньги; 3) допущение; 4) резерв против плохих долгов; 5) резерв для корректировки стоимости актива, амортизации в бухгалтерском учете; 6) скидка с цены; 7) скидка со стоимости счета-фактуры, разрешенная продавцом-производителем товара для покрытия порчи или недостачи, а также расходов на маркетинг товара; см. brokerage allowance;* * *. . Словарь экономических терминов .* * *см. discount-----освобождаемая от налога сумма, которая вычитывается из налогооблагаемого дохода перед калькуляцией суммы налога -
71 Fremdkapital
Fremdkapital n 1. BANK borrowed capital, borrowings, outside capital; 2. FIN outside capital; 3. RW loan capital; 4. WIWI loan capital, outside capital • Fremdkapital aufnehmen GEN raise external funds* * *n 1. < Bank> borrowed capital, borrowings, outside capital; 2. < Finanz> outside capital; 3. < Rechnung> loan capital; 4. <Vw> loan capital, outside capital ■ Fremdkapital aufnehmen < Geschäft> raise external funds* * *Fremdkapital
outside (external, borrowed) capital (funds), capital from outside sources, loan capital (Br.), long-term debt debenture (US);
• hohes Fremdkapital high-geared capital;
• kurzfristiges Fremdkapital (Bilanz) current liabilities;
• mit Fremdkapital finanzieren to trade on the equity;
• hoher Fremdkapitalanteil high-geared capital;
• festverzinslicher Fremdkapitalanteil am Gesamtkapital gearing (Br.);
• Fremdkapitalkosten costs of borrowed funds;
• Fremdkapital- zu Eigenkapitalverhältnis leverage factor;
• Fremdkapitalwirkung auf die Eigenkapitalrentabilität income gearing, financial gearing (leverage). -
72 settlement
ˈsetlmənt сущ.
1) а) колония, поселение Syn: colony б) ист. сеттльмент (европейский квартал в некоторых городах стран Востока) в) небольшой поселок, группа домов
2) заселение, колонизация
3) расположение, расположенность, местоположение She began with a comfortable settlement in the chair, which meant a good long talk. (Besant) ≈ Она начала с того, что удобно устроилась на стуле, что означало долгую, приятную беседу.
4) а) юр. документ о передаче имущества (в чье-л. владение) б) оставленное человеку имущество
5) а) расчет, уплата б) обложение земельным налогом определенной местности( в Индии)
6) осадка( грунта) ;
оседание
7) перен. успокоение, успокоенность It is like the settlement of winds and waters. ≈ Похоже на безветренную погоду с нештормящим морем.
8) дарственная запись Act of Settlement ≈ закон о престолонаследии в Англии (1701 г.)
9) урегулирование;
соглашение to come to, make, negotiate, reach a settlement on ≈ достигать соглашения, приходить к соглашению fair, reasonable settlement ≈ разумное соглашение tentative settlement ≈ предварительный вариант соглашения lumpsum settlement ≈ компенсация в виде паушальной суммы marriage settlement ≈ брачный контракт, касающийся имущества;
закрепление определенного имущества за (будущей) женой out-of-court settlement ≈ полюбовное соглашение( без судебного разбирательства)
10) приобретение, установление какого-л. социального статуса а) брак, женитьба He dreamt about the settlement of marriage for his daughter. ≈ Он мечтал о том, чтобы его дочь вышла замуж. б) получение рабочего места в) вступление в какую-л. Должность заселение;
колонизация - to make a * (of a new country) заселять /колонизировать/ (новые земли) - land awaiting * пустующая /незаселенная/ земля поселение, колония (историческое) сеттльмент (европейский квартал в колонии) - international *s международные сеттльменты (редкое) поселок - penal /convict/ * поселок для каторжников (особ. в Австралии) урегулирование;
соглашение - amicable * полюбовное соглашение /разрешение спора/ - peaceful /peace/ * мирное урегулирование - interim * временное урегулирование - negotiated * урегулирование путем переговоров - terms of * условия соглашения - * of a dispute урегулирование спорного вопроса;
разрешение спора - * of a claim (юридическое) разрешение /урегулирование/ претензии - to make /to arrange/ a * with smb. достичь договоренности с кем-л.;
(юридическое) заключить соглашение /компромисс/, совершить полюбовную сделку с кем-л. - to come to /to reach/ a * of one's differences прийти к соглашению по спорным вопросам - the * arrived at by the parties соглашение, к которому пришли обе стороны - we hope for a lasting * of these troubles мы надеемся на окончательное разрешение всех неприятных вопросов расчет, расплата, уплата - cash * уплата наличными - * day день платежа - * with creditors соглашение с кредиторами;
расплата с кредиторами - * of account покрытие задолженности по счету - * of a debt выплата /покрытие/ долга - in full * в полный расчет - in part * в частичную уплату (юридическое) акт распоряжения имуществом (в пользу кого-л.) - to make a * on smb. распорядиться имуществом в пользу кого-л. - * of an annuity назначение ежегодной пенсии /ренты/ - marriage * брачный контракт;
соглашение о выделении приданого дочери - to draw up a marriage * составить брачный контракт (юридическое) акт установления доверительной собственности (юридическое) учреждение семейной собственности - family * семейная недвижимая собственность( переходящая, как правило, по наследству к старшему сыну в семье) благотворительное учреждение (в бедных районах города) оседание;
осадка (редкое) брак, женитьба > Empire * (историческое) заселение колоний Британской империи эмигрантами из Великобритании > Straits Settlements( историческое) британские владения на Малайском п-ве > Act of S. Акт о престолонаследии (в Англии) > the * of Europe after the War послевоенное устройство Европы ~ дарственная запись;
Act of Settlement закон о престолонаследии в Англии (1701 г.) amicable ~ юр. дружественное урегулирование amicable ~ юр. мировая сделка amicable ~ миролюбивое урегулирование спора amicable ~ юр. миролюбивое урегулирование спора amicable ~ юр. полюбовное решение amicable ~ юр. решение вопроса мирным путем amount payable on ~ сумма, выплачиваемая при расчете annual ~ налог. годовая сумма расчета antenuptial ~ сем. право добрачный договор back ~ амер. отдаленное поселение claim ~ урегулирование претензии claims ~ удовлетворение требование court ~ судебное урегулирование dispute ~ урегулирование спора draft ~ проект соглашения enforced ~ принудительная оплата enter a negotiated ~ достигать урегулирования путем переговоров family ~ соглашение о семейном разделе имущества final ~ окончательное решение final ~ окончательное урегулирование final ~ окончательный расчет internal ~ внутрифирменный расчет judicial ~ урегулирование в судебном порядке lump sum ~ единовременное погашение lump sum ~ единовременный расчет marriage ~ акт распоряжения имуществом по случаю заключения брака marriage ~ акт учреждения семейного имущества marriage ~ брачный контракт monthly ~ ежемесячный расчет postnuptial ~ имущественный договор между супругами, заключенный после вступления в брак private ~ частное поселение proportional ~ пропорциональное погашение refugee ~ поселение эмигрантов settlement администрация наследства ~ акт распоряжения имуществом (в пользу кого-л.) ;
акт установления доверительной собственности;
акт учреждения семейного имущества ~ акт распоряжения имуществом ~ акт установления доверительной собственности ~ акт учреждения семейного имущества ~ дарственная запись;
Act of Settlement закон о престолонаследии в Англии (1701 г.) ~ заключение сделки ~ заселение, колонизация ~ заселение ~ коллективный договор ~ колонизация, заселение, поселение, сеттльмент ~ колонизация ~ колония ~ ликвидационный период ~ ликвидация сделки ~ ликвидация спора ~ небольшой поселок, группа домов ~ оплата ~ осадка (грунта) ;
оседание ~ погашение ~ покрытие ~ поселение, колония ~ поселение ~ прибавка к заработной плате (обусловленная коллективным договором) ~ разрешение ~ расплата ~ расчет ~ расчетные дни ~ решение ~ ист. сеттльмент (европейский квартал в некоторых городах стран Востока) ~ соглашение ~ улаживание ~ уплата, расчет ~ уплата, расчет ~ уплата ~ урегулирование;
решение;
to tear up the settlement порвать (или нарушить) соглашение ~ урегулирование ~ by setoffs урегулирование путем зачета требований ~ by will распоряжение имуществом по завещанию ~ day payment платеж в последний день ликвидационного периода ~ in arbitration proceedings урегулирование спора путем арбитражного разбирательства ~ in court урегулирование спора в суде ~ of account заключение счета ~ of account оплата счета ~ of account покрытие задолженности по счету ~ of account покрытие счета ~ of action урегулирование иска ~ of claim разрешение претензии ~ of claim урегулирование претензии ~ of claims урегулирование претензий ~ of claims урегулирование требований ~ of commission выплата комиссионного вознаграждения ~ of commitment выполнение обязательств ~ of debt погашение долга ~ of debt урегулирование долга ~ of dispute ликвидация спора ~ of dispute урегулирование спора ~ of disputes by conciliation or arbitration урегулирование трудовых споров путем примирения или арбитражных решений ~ of excise duties уплата акцизных сборов ~ of funds помещение денег в ценные бумаги ~ of payments производство платежей ~ of trade организация торговли ~ of transaction совершение сделки ~ on retirement расчет при выходе на пенсию ~ out of court урегулирование спора без решения суда strict ~ строгое урегулирование ~ урегулирование;
решение;
to tear up the settlement порвать (или нарушить) соглашение term ~ акт о временном распоряжении имуществом urban ~ поселок городского типа voluntary ~ добровольное урегулирование спора voluntary ~ полюбовное соглашение wage ~ решение об изменении уровня заработной платы wage ~ соглашение о ставках заработной платы yearly ~ ежегодный расчетБольшой англо-русский и русско-английский словарь > settlement
-
73 security
сущ.1)а) общ. безопасностьto ensure [to provide\] security — обеспечивать безопасность
See:economic security, food security, personal security, national security, national security override, security consultant, security exceptions, security zone, Container Security Initiative, Bureau of Industry and Security, Department of Homeland Security, Mutual Security Agency, Security Councilб) общ. защита, охрана (от чего-л.); гарантия, гарантированностьjob security — гарантия занятости, гарантированность сохранения рабочего места
в) пол. органы [служба\] безопасностиSee:2) фин. обеспечение, залог (имущество, используемое в качестве гарантии при кредитовании)against security — под обеспечение, под гарантию
The loan is given against security of the fixed deposit. — Заем предоставлен под обеспечение срочным депозитом.
A company borrows money against security. — Компания занимает деньги под обеспечение.
Syn:See:а) фин., обычно мн. ценная бумага (документ, который закрепляет право владения или отношения займа, может передаваться из рук в руки и является инструментом привлечения финансирования; в американском законодательстве трактуется как сделка по предоставлению денежных средств в пользование другого лица с целью извлечения прибыли, удостоверяющий такую сделку документ, а также право на его приобретение или продажу, которые характеризуются следующими обстоятельствами: а) мотивацией продавца, заключающейся в привлечении капитала, необходимого для общего использования в коммерческом предприятии продавца или для финансирования существенных инвестиций, б) мотивацией покупателя, заключающейся в получении прибыли от предоставления средств, в) выступлением инструмента в роли предмета обычной торговли, г) разумными ожиданиями покупателя о применении к инструменту федеральных законов о ценных бумагах, д) отсутствием сокращающего риск фактора, напр., выражающегося в применении к инструменту другой схемы регулирования)ATTRIBUTES [creator\]: Treasury, municipal, muni, state, local, foreign, home, home country, domestic, agency 1), federal agency 1), state agency, authority 2), private, private sector, public, public sector, public utility 2), external, internal, international, industrial, tax district, railroad, school, school district, refunding, advance refunding, equipment trust, new money 2)
ATTRIBUTES [purpose\]: tax anticipation 2), revenue anticipation, grant anticipation, bond anticipation, private activity, reorganization 2), savings, capital 2), income, guaranteed income, growth 1), war, defence, debt conversion, construction 1), infrastructure, infrastructure renewal, housing 1), manufactured housing 1), equipment trust, equipment, consolidated, mezzanine 2)
pollution control municipal securities — муниципальные ценные бумаги для реализации экологических проектов
The Company also issued $39 million of variable and fixed rate Pollution Control Securities in 1994.
ATTRIBUTES [owner\]: registered, bearer, negotiable, transferable, non-transferable, outstanding 4)
Liquidations from such a pool would require the manager to liquidate longer securities which are much more volatile.
Only the insurance companies and funds have preference for the longer-dated securities.
The Portfolio Manager is now investing some of the District’s portfolio in longer-term securities.
The government could persuade lenders to take up only about 60% of US$1.2 billion in six-month securities on offer.
Two- and 3-year securities have a minimum of $3 billion.
ATTRIBUTES [rights\]: alternate 2) б), antidilutive, assented, asset-backed, auction rate, backed, callable, closed-end mortgage, collateralized, collateral trust, combination 3) в), companion, consolidated mortgage, convertible 2) а), debenture 2) а), definitive, double-barreled 3) а), endorsed, exchange, exchangeable, extendible, federal home loan bank, Federal Home Loan Mortgage Corporation, first mortgage, general obligation, guaranteed 2) а), general mortgage home loan, insured, interchangeable, irredeemable 2) а), junior 2) б), junior lien, moral obligation, mortgage 3. 3) а), mortgage-backed, non-assented, noncallable, non-participating, open-end mortgage, parity, participating 2) а), preferred 2) а), prior lien, profit-sharing, property 2) а), putable, real estate, redeemable 3) а), revenue 3. 1) а), second lien, second mortgage, secured, senior 2) б), senior lien, serial, series 2) б), subordinated, tax increment, tranche, unassented, unsecured, z-tranche
This is a series of Frequently Asked Questions about other Special Purpose Securities handled by the Special Investments Branch.
ATTRIBUTES [currency\]: dual currency, reverse-dual currency
The Bank accepts as collateral Canadian dollar securities issued or guaranteed by the Government of Canada.
But if you have an expectation of a weakening dollar, does it still make sense to invest in US dollar-denominated securities?
ATTRIBUTES [income\]: adjustable rate, annuity, auction rate, bank-qualified, capital growth, capped, coupon-bearing, collar, collared, coupon 1), credit-sensitive, deep discount, defaulted, deferred-coupon, deferred interest, discount 1. 1), double-exempt, fixed annuity, fixed-coupon, fixed-rate, fixed-income, flat, flat income, floating rate, floored, full coupon, interest-bearing, non-interest-bearing, non-qualified, non-bank-qualified, life annuity, mismatch, original issue discount, premium 1. 1), qualified 1. 2) б), qualifying 1. 2) б), reset, split coupon, step-down, step-up, stripped, taxable, tax-credit, tax-exempt 1. 1), tax-free, tax-exempt, tax-preferred, variable-coupon, variable annuity, variable rate, zero-coupon
The prepayment rate for mortgages backing Ginnie Mae's 13 percent securities was 47.3 percent.
[high, higher, medium, low, lower\] coupon security — с [высоким, более высоким, средним, низким, более низким\] купоном [доходом\]
The State governments and their utilities had proposed issuing of low coupon securities for refinancing the SLR securities.
high [higher, medium, low, lower\] income security — с высоким [более высоким, средним, низким, более низким\] доходом
You'd be prudent to select issues with short maturities that can later be replaced with higher-income securities as interest rates rise.
high [higher, medium, low, lower\] yield security — с высокой [более высокой, средней, низкой, более низкой\] доходностью
The higher yield securities with higher risk can form the portion that you are willing to gamble.
What happens is that the company that is insured anticipates in advance and knows that low-coverage/high-premium securities will fetch lower prices.
ATTRIBUTES [creation\]: original issue discount, OID, fully paid, partly paid, private placement 2., publicly offered, when-issued
ATTRIBUTES [destruction\]: bullet, bullet-maturity, drawn, single-payment, sinking fund 1), planned amortization class, targeted amortization class, variable redemption
ATTRIBUTES [status\]: listed 2), unlisted, non-listed, delisted, quoted, unquoted, rated 3), non-rated, speculative grade, investment grade, gilt-edged
ATTRIBUTES [size\]: baby, penny
ATTRIBUTES [structured\]: structured, well-structured, non-structured, range, range accrual, capital protected, principal protected, capital guaranteed, reverse floating rate, inverse floating rate, participation, equity index participation, equity participation, market participation, equity linked, equity index-linked, index-linked, market-indexed, equity-linked, credit-linked, reverse convertible, indexed, non-indexed, dual-indexed, capital-indexed, coupon-indexed, interest-indexed, current-pay, gold-indexed, catastrophe, cat, catastrophe-linked, catastrophe risk-linked, cat-linked, catastrophe insurance, cat-linked, catastrophe insurance, disaster, act of God, earthquake, earthquake-risk, hurricane
Argentina will not be required to make an adjustment to the amounts previously paid to holders of the GDP-linked Securities for changes that may affect the economy.
Proposals to create GDP-indexed securities are naturally supported by the arguments in this paper
ATTRIBUTES [form\]: book-entry, certificated
security market — фондовый рынок, рынок ценных бумаг
ACTIONS [passive\]:
to issue a security — выпускать [эмитировать\] ценную бумагу
to place [underwrite\] a security — размещать ценную бумагу
to earn $n on a security — получать доход в n долл. от ценной бумаги
to list a security, to admit a security to a listing, to accept security for trading in a exchange — допускать ценную бумагу к торгам (на бирже), включать в листинг
ACTIONS [active\]:
a security closes at $n up[down\] m% — курс закрытия ценной бумаги составил $n, что на m% выше [ниже\] вчерашнего
COMBS:
security price — цена [курс\] ценной бумаги
See:debt security, equity security, hybrid security, antidilutive securities, asset-backed securities, auction rate securities, baby securities, book-entry securities, certificated security, control securities, convertible securities, coupon security, dated security, deep discount security, discount securities, drop-lock security, equity-linked securities, fixed income security, foreign interest payment security, gross-paying securities, inflation-indexed security, interest-bearing securities, irredeemable securities, junior securities, letter security, listed securities, marketable securities, negotiable security, net-paying securities, non-convertible securities, participating securities, pay-in-kind securities, perpetual security, primary security, secondary security, unlisted securities, zero-coupon security, securities analyst, security analyst, securities broker, securities dealer, security dealer, securities market, security market, securities trader, International Securities Identification Number, financial market, principal, interest, issuer, Uniform Sale of Securities Act, Securities Act of 1933, Securities Exchange Act of 1934, Public Utility Holding Company Act of 1935, Culp v. Mulvane, Investment Company Act, Investment Advisers Act, SEC v. CM Joiner Leasing Corp., SEC v. W. J. Howey Co., SEC v. Variable Annuity Life Insurance Company of America, SEC v. United Benefit Life Insurance Company, Tcherepnin v. Knight, SEC v. Glenn W. Turner Enterprises, Inc., SEC v. Glenn W. Turner Enterprises, Inc., SEC v. Glenn W. Turner Enterprises, Inc., SEC v. Glenn W. Turner Enterprises, Inc., SEC v. Glenn W. Turner Enterprises, Inc., SEC v. Glenn W. Turner Enterprises, Inc., SEC v. Glenn W. Turner Enterprises, Inc.б) фин., обычно мн. (право владения или отношения займа, закрепленные в документе, который может передаваться из рук в руки и является инструментом привлечения финансирования)в) юр., амер. (трактуется как сделка по предоставлению денежных средств в пользование другого лица с целью извлечения прибыли, удостоверяющий такую сделку документ, а также право на его приобретение или продажу, которые характеризуются следующими обстоятельствами: а) мотивацией продавца, заключающейся в привлечении капитала, необходимого для общего использования в коммерческом предприятии продавца или для финансирования существенных инвестиций, б) мотивацией покупателя, заключающейся в получении прибыли от предоставления средств, в) выступлением инструмента в роли предмета обычной торговли, г) разумными ожиданиями покупателя о применении к инструменту федеральных законов о ценных бумагах, д) отсутствием сокращающего риск фактора, напр., выражающегося в применении к инструменту другой схемы регулирования)See:Securities Act of 1933, Investment Company Act, Investment Advisers Act, SEC v. CM Joiner Leasing Corp., SEC v. W. J. Howey Co., SEC v. Variable Annuity Life Insurance Company of America, SEC v. United Benefit Life Insurance Company, Tcherepnin v. Knight, SEC v. Glenn W. Turner Enterprises, Inc., SEC v. Glenn W. Turner Enterprises, Inc., SEC v. Glenn W. Turner Enterprises, Inc., SEC v. Glenn W. Turner Enterprises, Inc., SEC v. Glenn W. Turner Enterprises, Inc., SEC v. Glenn W. Turner Enterprises, Inc., SEC v. Glenn W. Turner Enterprises, Inc.
* * *
безопасность, сохранность, ценная бумага, обеспечение, гарантия: 1) ценная бумага; свидетельство долга или собственности; сертификаты ценных бумаг, векселя; см. securities; 2) обеспечение: активы и др. собственность, которые могут быть использованы как обеспечение кредита или облигаций; в случае отказа заемщика от погашения кредита обеспечение может быть реализовано; = collateral security; 3) безопасность: процедуры, обеспечивающие безопасность банка, его активов и документации, включая физическую защиту, процедуры внутреннего аудита; 4) гарантия: гарантия выполнения обязательств другого лица, в т. ч. личная гарантия; = personal security.* * *Ценная бумага - документ/сертификат, являющийся свидетельством собственности на акции, облигации и другие инвестиционные инструменты. Безопасность - меры, предпринимаемые для обеспечения конфиденциальности передаваемой по линиям связи персональной информации о клиенте, совершаемых им операциях и т.п. . гарантия по ссуде; обеспечение кредита; обеспечение ссуды; обеспечение; ценная бумага; отдел охраны (банка, компании) Инвестиционная деятельность .* * *финансовые активы, включающие акции, правительственные облигации и ценные бумаги с государственной гарантией, облигации компании, сертификаты паевых фондов и документы, подтверждающие право собственности на предоставленные в ссуду или депонированные денежные средства; страховые полисы к таким активам не относятся -
74 заёмный капитал
1) Economy: borrowed capital, capital loans, credit capital, debenture capital, dept capital, loan capital, long-term debt, outside capital2) Accounting: creditor's equity, creditors' equity, debenture capital (полученный от продажи необеспеченных облигаций)3) Banking: borrowed funds, debt capital, loan fund capital, (Совокупный) TOL (total outside liabilities)4) EBRD: debt5) Gold mining: liabilities (обязательные выплаты) -
75 Schuldverschreibungen
Schuldverschreibungen fpl BÖRSE, FIN debt securities, bonds and notes, (BE) loan stock* * ** * *Schuldverschreibungen
[debt] obligations;
• in Serien abgestufte Schuldverschreibungen classified bonds;
• ablösbare Schuldverschreibungen redeemable bonds;
• zur Rückzahlung (Tilgung) aufgerufene Schuldverschreibungen redeemed (called) bonds;
• ausgegebene Schuldverschreibungen issued (outstanding) bonds, (Bilanz) bonds payable (US);
• noch nicht ausgegebene Schuldverschreibungen unissued bonds (debentures);
• über dem Nennwert ausgegebene Schuldverschreibungen bonds issued above par;
• zu Sanierungszwecken ausgegebene Schuldverschreibungen reorganization (adjustment) bonds;
• in Serien ausgegebene Schuldverschreibungen classified (class) bonds;
• in Stücken ausgegebene Schuldverschreibungen denominational bonds;
• ausgeloste Schuldverschreibungen drawn bonds, bonds called for redemption;
• mit Dividendenberechtigung ausgestattete Schuldverschreibungen dividend bonds (US);
• mit Kapital- und Dividendengarantie ausgestattete Schuldverschreibungen guaranteed bonds;
• mit attraktiven Steuervorteilen ausgestattete Schuldverschreibungen bonds with attractive tax features;
• zugunsten einer Bank ausgestellte Schuldverschreibungen bank debentures;
• in Euro ausgestellte Schuldverschreibungen bonds denominated in euro;
• ausländische Schuldverschreibungen foreign currency bonds (US);
• ausstehende Schuldverschreibungen outstanding bonds;
• bevorrechtigte Schuldverschreibungen priority (preferential, preferred) bonds;
• börsennotierte Schuldverschreibungen bonds listed (US) (quoted) on the stock exchange;
• eigene Schuldverschreibungen treasury bonds (US);
• eingetragene Schuldverschreibungen registered bonds;
• erstrangige Schuldverschreibungen first debentures;
• ertragssteuerfreie Schuldverschreibungen tax-exempt bonds;
• festverzinsliche Schuldverschreibungen coupon (obligatory) bonds, debenture bonds (US);
• firmeneigene Schuldverschreibungen treasury bonds (US);
• garantierte Schuldverschreibungen guaranteed stocks (Br.);
• durch Effektenlombard gedeckte (gesicherte) Schuldverschreibungen collateral trust bonds (US);
• außer Kurs gesetzte Schuldverschreibungen invalidated bonds;
• dinglich gesicherte Schuldverschreibungen debentures secured by a charge, debenture stock (Br.);
• durch Ersthypothek gesicherte Schuldverschreibungen first-mortgage bonds;
• erstrangig gesicherte Schuldverschreibungen first-lien bonds, consolidated first mortgage bonds (US);
• durch Gesamthypothek gesicherte Schuldverschreibungen consolidated (general mortgage) bonds (US);
• hypothekarisch gesicherte Schuldverschreibungen backed (mortgage, Br.) debentures, secured (fixed) debentures, mortgage bonds, [collateral] mortgage bonds, debenture stock (Br.);
• hypothekarisch nicht gesicherte Schuldverschreibungen simple debentures (bonds);
• durch nachstellige (im Rang nachstehende) Hypothek gesicherte Schuldverschreibungen junior bonds;
• durch eine im Range vorgehende Hypothek gesicherte Schuldverschreibungen underlying bonds (US);
• durch Pfandbestellung gesicherte Schuldverschreibungen backed bonds;
• gesiegelte Schuldverschreibungen writing obligatory;
• getilgte Schuldverschreibungenen redeemed bonds;
• gewinnberechtigte Schuldverschreibungen participating (profit-sharing) bonds, parliamentary debentures;
• industrielle Schuldverschreibungen internal (industrial) bonds, corporate bonds (US);
• klassifizierte Schuldverschreibungen classified bonds;
• kleingestückelte Schuldverschreibungen fractional debentures, savings bonds (US);
• kommunale Schuldverschreibungen local bonds (Br.), municipal (special assessment) bonds (US), municipal stocks (Br.);
• konsolidierte Schuldverschreibungen consolidated stocks;
• konvertierbare Schuldverschreibungen convertible bonds;
• kündbare Schuldverschreibungen callable (redeemable) bonds;
• jederzeit kündbare Schuldverschreibungen optional bonds (US);
• nicht vorzeitig kündbare Schuldverschreibungen non-callable bonds;
• langfristige Schuldverschreibungen long-term debentures;
• auf den Inhaber lautende Schuldverschreibungen bearer bonds, debentures (bonds) to bearer;
• auf den Namen lautende Schuldverschreibungen registered bonds (Br.);
• lieferbare Schuldverschreibungen good-delivery bonds;
• mündelsichere Schuldverschreibungen trustee bonds (Br.), legal bonds (US);
• nennwertlose Schuldverschreibungen no-par debentures;
• neue Schuldverschreibungen new-issue bonds;
• öffentlich-rechtliche Schuldverschreibungen public (government) bonds, civil stocks (bonds, US);
• prolongierte Schuldverschreibungen renewal bonds, extended bonds (US);
• durch jährliche Auslosung rückzahlbare Schuldverschreibungen bonds repayable by annual drawing;
• übertragbare Schuldverschreibungen negotiable bonds;
• ungesicherte Schuldverschreibungen unsecured (naked) debentures (Br.);
• mittelfristig ungesicherte Schuldverschreibungen notes (US);
• ungültige Schuldverschreibungen disabled bonds (Br.);
• unkündbare Schuldverschreibungen irredeemable bonds, perpetual debentures (US);
• unverzinsliche Schuldverschreibungen passive bonds, noninterest-bearing obligations (US);
• verbriefte Schuldverschreibungen documented debentures;
• verbürgte Schuldverschreibungen guaranteed debentures;
• verlängerte Schuldverschreibungen extended bonds;
• verzinsliche Schuldverschreibungen interest-bearing obligations (US);
• gewinnabhängige verzinsliche Schuldverschreibungen income debentures (Br.);
• nur bei Gewinnerzielung verzinsliche Schuldverschreibungen adjustment bonds;
• im Range vorangehende Schuldverschreibungen senior-lien bonds;
• vorläufige Schuldverschreibungen provisional (temporary) bonds;
• gleichzeitig fällig werdende Schuldverschreibungen term bonds;
• in gesetzlichen Zahlungsmitteln zahlbare Schuldverschreibungen legal-tender (currency, US) bonds;
• zinslose Schuldverschreibungen passive bonds, noninterest-bearing obligations (US);
• zinstragende Schuldverschreibungen active bonds, interest-bearing obligations (US);
• zur Tilgung zurückgekaufte Schuldverschreibungen bonds purchased for cancellation;
• zweitrangige Schuldverschreibungen second debentures;
• Schuldverschreibungen zur Ablösung ungültig ausgegebener Garantien rescission bonds;
• Schuldverschreibungen des Amortisationsfonds sinking-fund bonds;
• Schuldverschreibungen über eine breit gestreute Anlagesumme managed bonds;
• Schuldverschreibungen zur Finanzierung von Bewässerungsprojekten irrigation bonds (US);
• Schuldverschreibungen zur Finanzierung für Eisenbahnbedarf equipment bonds (US);
• Schuldverschreibungen für bevorrechtigte Forderungen trust bonds (debentures);
• Schuldverschreibungen einer Gebietskörperschaft territorial bonds;
• Schuldverschreibungen mit Gewinnbeteiligung participating (profit, profit-sharing) bonds;
• Schuldverschreibungen der öffentlichen Hand public securities, civil stocks (bonds, US), public-sector bonds;
• Schuldverschreibungen eines Immobilienfonds real-estate bonds (US);
• Schuldverschreibungen mit Kapital- und Dividendengarantie guaranteed bonds (US);
• Schuldverschreibungen von Kapitalgesellschaften corporate bonds (US);
• Schuldverschreibungen von Kommunen municipal bonds (US);
• Schuldverschreibungen zweiten Ranges second debentures;
• Schuldverschreibungen mit hoher (variabler) Rendite high- (variable-) yield bonds;
• Schuldverschreibungen des Staates government (state) bonds (US), public stocks, funds (Br.);
• Schuldverschreibungen in kleiner Stückelung small bonds (US);
• Schuldverschreibungen ohne Tilgungsverpflichtung perpetual bonds;
• Schuldverschreibungen öffentlicher Versorgungseinrichtungen public-utility bonds;
• Schuldverschreibungen mit gleich bleibender Verzinsung continued bonds;
• Schuldverschreibungen mit Zinsakkumulation zerobonds;
• Schuldverschreibungen ohne Zinsgarantie debenture income bonds;
• Schuldverschreibungen mit Zinsschein coupon bonds;
• Schuldverschreibungen mit aufgeschobener Zinszahlung non-interest-bearing discount bonds;
• Schuldverschreibungen ablösen to discharge debentures;
• Schuldverschreibungen ausgeben to float a bond issue, to put out (issue) bonds;
• Schuldverschreibungen erneut ausgeben to reissue debentures;
• Schuldverschreibungen unter dem Nennwert ausgeben to issue bonds below par;
• Schuldverschreibungen ausstellen to [enter into] bond;
• mit Schuldverschreibungen belasten to bond;
• Schuldverschreibungen auf den Markt bringen to float bonds;
• Schuldverschreibungen in den Verkehr bringen to issue debentures;
• Schuldverschreibungen einlösen to retire (pay off) bonds;
• Schuldverschreibungen an der Börse handeln (notieren) to trade bonds at the stock exchange;
• Schuldverschreibungen im Freiverkehr handeln to trade bonds over the counter (US);
• Schuldverschreibungen kündigen to call in (redeem) bonds;
• durch Schuldverschreibungen sichern to bond;
• Schuldverschreibungen in Aktien umwandeln to convert debentures into shares;
• Schuldverschreibungen im Depot verwahren to keep bonds in safe custoy;
• Schuldverschreibungen zurückkaufen to repurchase bonds (debentures). -
76 frei
I Adj.1. free; freier Bürger HIST. freeborn citizen, freeman; ein freier Mensch (der tun kann, was er will) a free agent; sie ist frei zu gehen, wenn sie will she is free to go if she wishes; ich bin so frei altm. oder hum. sich bedienend etc.: if I may; ich war so frei, Ihr Auto zu nehmen oder und nahm Ihr Auto I took the liberty of using your car, I helped myself to your car2. Wahl, Wille etc.: free; Zugang: unrestricted, unlimited; (unbehindert) unrestrained; „frei ab 16“ Film: 16 (= no admission to persons under 16 years), Am. etwa R(-rated); jetzt haben wir freie Fahrt mit Zug: the signal’s green now, the train can go now; mit Auto: the road’s clear now; fig. there’s nothing to stop us now; auf freiem Fuß sein be free; Verbrecher: be at large; jemanden auf freien Fuß setzen set s.o. free, let s.o. go; das Recht auf freie Meinungsäußerung the right of free speech ( oder of self-expression); aus freien Stücken oder freiem Willen of one’s own free will; die freie Wahl haben zwischen... und... be free to choose between... and...3. (unabhängig, selbstständig) Stadt etc.: free; Beruf, Tankstelle etc.: independent; (nicht gebunden) unattached; Journalist, Künstler etc.: freelance; die freien Künste the liberal arts; freier Mitarbeiter freelance(r); Freie24. im Namen von Organisationen etc.: Freie Demokratische Partei (abgek. FDP) Free Democratic Party; Freie Deutsche Jugend (abgek. FDJ) HIST., ehem. DDR Free German Youth; Freier Deutscher Gewerkschaftsbund (abgek. FDGB) HIST., ehem. DDR Free German Trade Union Organization; die Freie Hansestadt Bremen the Free Hanseatic City of Bremen; die Freie und Hansestadt Hamburg the Free Hanseatic City of Hamburg5. WIRTS.: im freien Handel available in the shops (Am. in stores); freier Markt open market; Börse: unofficial market; freie Marktwirtschaft free market economy; freier Wechselkurs floating exchange rate; ( die) freie Wirtschaft free enterprise; die Rechte an diesem Buchtitel werden bald frei the rights in this title will soon be free ( oder available)6. (unbesetzt) Stuhl, Raum etc.: free, available; Leitung: vacant; Stelle: vacant, open; Straße etc.: clear, empty; (unbeschrieben) Seite etc.: blank; frei am WC: vacant; am Taxi: for hire; freie Stelle vacancy; ist hier oder der Platz noch frei? is this seat taken?, is anyone sitting here?; der Stuhl / die Zeile muss frei bleiben the chair must be kept free / the line must be left blank; Platz frei lassen / machen für leave / make space for; jemandem den Weg frei machen clear the way for s.o.; zwei Zeilen frei lassen leave two blank lines; Bahn, Ring, Zimmer7. (unbedeckt) bare; der Rock lässt die Knie frei the skirt is above the knee; den Oberkörper frei machen strip to the waist8. Feld, Himmel, Sicht: open; aufs freie Meer hinaus out into the open sea; auf freier Strecke on an open stretch (EISENB. of line, Straße: of road); in freier Wildbahn in the wild; unter freiem Himmel in the open (air), outside9. Tag, Zeit etc.: free; nachgestellt: off; Person: free, not busy; freie Zeit free ( oder leisure) time; nächsten Dienstag ist frei next Tuesday is a holiday; hast du morgen frei? do you have tomorrow off?; seitdem habe ich keine freie Minute mehr since then I haven’t had a free moment ( oder a moment to myself); sind Sie ( gerade) frei? Taxi: are you taken?; Verkäufer: are you serving someone?10. (kostenlos) free (of charge); freier Eintritt admission free ( für to); Kinder unter sechs sind frei umg. von Eintritt, Fahrgeld: children under six are free, no charge for children under six; 20 kg Gepäck sind frei there is a baggage (bes. Am. luggage) allowance of 20kg; frei Haus carriage paid; Lieferung frei Haus free delivery, no delivery charge; dazu bekommt sie auch noch einen Job frei Haus fig. what’s more she gets a job handed to her on a plate; du hast noch zwei Versuche frei fig. you have two tries left11. frei von (ohne) free from ( oder of), without; von Eis, Schneeschicht etc.: clear of; von Steuern etc. befreit: exempt from; frei von Schmerzen free from pain; frei von Schulden free from debt; frei von Zusätzen free of additives; niemand ist frei von Fehlern / Vorurteilen nobody is perfect / free from prejudice13. fig. (ungezwungen) free and easy; (offen) open; (moralisch großzügig) liberal; freie Liebe free love; sie ist schon viel freier geworden she has loosened up a great deal14. fig. Übersetzung: free; freie Hand haben have a free hand ( bei with); jemandem freie Hand lassen give s.o. a free hand ( bei with); aus oder mit der freien Hand zeichnen (ohne Hilfsmittel) draw s.th. freehand15. Sport (ungedeckt) unmarked; zum nächsten freien Mitspieler passen pass to the nearest unmarked player; der freie Mann ( vor der Abwehr) the sweeper16. POST. (frankiert) prepaid, post paid17. PHYS.; Elektron, Fall, Radikal etc.: free; CHEM. uncombined; im freien Fall in free fall; frei werden Energie etc.: be released; freie Valenzen CHEM. free valenciesII Adv.1. atmen, herumlaufen etc.: freely; frei geboren freeborn; frei laufende Hühner free-range hens; Eier von frei laufenden Hühnern free-range eggs; frei lebende Tiere wildlife Sg., animals living in the wild ( oder out of captivity); frei praktizierender Arzt doctor in private practice2. herumliegen etc.: openly; frei zugänglich von allen Seiten: freely accessible; für alle: open to all; frei stehen Baum, Haus etc.: stand by itself; SPORT, Spieler: be unmarked; frei stehend Baum: solitary; Haus, nicht angebaut: detached; einzeln: isolated; SPORT, Spieler: unmarked3. WIRTS.: frei erhältlich freely available; frei finanziert privately financed; frei konvertierbar freely convertible; frei verkäuflich on general sale, freely available (to buy)6. frei sprechen Redner: speak without notes; mit Handy im Auto: phone ( oder talk) hands-free, use the speaker phone; ich möchte den Vortrag frei halten I want to give the lecture without notes; einen Kreis frei zeichnen draw a circle freehand; das Kind kann schon frei laufen / stehen the child can walk / stand unaided7. frei erfunden (entirely) fictitious; das hat er frei erfunden he made that up; frei nach ( einem Stück von) X freely adapted from (a play by) X* * *at liberty (Adv.);(freimütig) frank (Adj.);(nicht versklavt) unenslaved (Adj.);(unbefahren) clear (Adj.);(unbesetzt) vacant (Adj.);(ungebunden) independent (Adj.); free (Adj.); unfettered (Adj.); unattached (Adj.); unengaged (Adj.)* * *[frai]1. ADJEKTIV1) = unbehindert freesich von etw frei halten — to avoid sth; von Vorurteilen etc to be free of sth; von Verpflichtungen to keep oneself free of sth
die Straße frei geben/machen — to open/clear the road
jdm den Weg frei geben — to let sb past or by
der Film ist frei ( für Jugendliche) ab 16 (Jahren) — this film is suitable for persons aged 16 years and over
ich bin so frei (form) — may I?diams; frei + SubstantivSiehe auch unter dem Eintrag für das jeweilige Substantiv.
von Kiel nach Hamburg hatten wir freie Fahrt — we had a clear run from Kiel to Hamburg
einem Zug freie Fahrt geben — to give a train the " go" signal
der Polizist gab uns freie Fahrt — the policeman signalled (Brit) or signaled (US) us on
jdm freie Hand lassen — to give sb free rein, to give sb a free hand
das Recht der freien Rede or auf freie Rede — the right of free speech, the right to freedom of speech
jdm zur freien Verfügung stehen — to be completely at sb's disposal
2) = unabhängig free; Schriftsteller, Journalist etc freelance; (= nicht staatlich) privatediams; frei + SubstantivSiehe auch unter dem Eintrag für das jeweilige Substantiv.Freie Deutsche Jugend (DDR) — youth wing of the former East German Socialist Unity Party
Freier Deutscher Gewerkschaftsbund (DDR) — Trades Union Congress of the former East Germany
Freie Hansestadt Bremen — Free Hansa Town of Bremen
freier Mitarbeiter — freelance, freelancer
freie Reichsstadt (Hist) — free city of the Empire
freie Tankstelle — independent petrol (Brit) or gas (US) station
3) = verfügbar Mittel, Geld available; Zeit freeich bin jetzt frei für ihn — I can see him now; (am Telefon) I can speak to him now
4)= arbeitsfrei
morgen/Mittwoch ist frei — tomorrow/Wednesday is a holidaySee:5)= ohne Hilfsmittel
etw aus freier Hand zeichnen — to draw sth freehandein Vortrag in freier Rede — an extemporary talk
6) = unbesetzt Zimmer, Toilette vacant; Taxi for hireist hier noch frei?, ist dieser Platz noch frei? — is anyone sitting here?, is this seat free?
im Kino/Flugzeug waren noch zehn freie Plätze — in the cinema/plane there were still ten seats free
"frei" (an Taxi) — "for hire"; (an Toilettentür) "vacant"
"Zimmer frei" — "vacancies"
haben Sie noch etwas frei? (in Hotel) — do you have any vacancies?
bei HarperCollins sind einige Stellen frei — there are some vacancies at HarperCollins
"Ausfahrt/Einfahrt frei halten" — "keep clear"
für etw Platz frei lassen/machen — to leave/make room for sth
7)= offen
unter freiem Himmel — in the open aireine Frage/Aussage im freien Raum stehen lassen — to leave a question/statement hanging in mid-air
See:→ Freie(s), Feld8) = kostenlos freefrei Schiff — free on board
9) = unkonventionell Sitten, Erziehung liberal10) = unbekleidet bare11) = ungeschützt Autor out of copyright2. ADVERB1) = ungehindert freely; sprechen openlyfrei beweglich —
er hat das frei erfunden — he made it up
das ist frei wählbar — you can choose as you please, it's completely optional
frei laufend (Hunde, Katzen) — feral; Huhn free-range
frei herumlaufen (inf) — to be free, to be running around free (inf)
der Verbrecher läuft immer noch frei herum — the criminal is still at largediams; frei lebend Wölfe, Mustangherden etc living in the wild; Katzen, Stadttauben feral; Mikroorganismen free-livingdiams; frei stehen (Haus) to stand by itself; (Sport) to be free or not marked
ein frei stehendes Gebäude — a free-standing building → auch cdiams; frei nach based on
frei nach Goethe (Zitat) — as Goethe didn't say
2)= ungezwungen
sich frei und ungezwungen verhalten, frei und locker auftreten — to have a relaxed manner, to be easy-goingsie benimmt sich etwas zu frei — she's rather free in her behaviour (Brit) or behavior (US)
3) = ohne Hilfsmittel unaided, without helpdas Kind kann frei stehen — the child can stand on its own or without any help
frei in der Luft schweben — to hang in mid-air
frei sprechen —
* * *1) (free from difficulty or obstacles: a clear road ahead.) clear2) ((often with of) without (risk of) being touched, caught etc: Is the ship clear of the rocks? clear of danger.) clear3) ((often with of) free: clear of debt; clear of all infection.) clear4) (allowed to move where one wants; not shut in, tied, fastened etc: The prison door opened, and he was a free man.) free5) (not forced or persuaded to act, think, speak etc in a particular way: free speech; You are free to think what you like.) free6) (frank, open and ready to speak: a free manner.) free7) (not working or having another appointment; not busy: I shall be free at five o'clock.) free8) (not occupied, not in use: Is this table free?) free9) free10) (not tied; free: The horses are loose in the field.) loose12) (empty or unoccupied: a vacant chair; Are there any rooms vacant in this hotel?) vacant13) (empty or vacant: The room/seat was unoccupied.) unoccupied14) (not busy: I paint in my unoccupied hours / when I'm otherwise unoccupied.) unoccupied* * *[frai]I. adj1. (nicht gefangen, unabhängig) free\freier Autor/Übersetzer freelance writer/translatordie \freie Hansestadt Hamburg the Free Hanseatic City of Hamburg\freie Kirche free churchein \freier Mann/eine \freie Frau a free man/womanein \freier Gedanke free thought[Recht auf] \freie Meinungsäußerung [right to] freedom of speechein \freier Mensch a free person\freier Mitarbeiter/ \freie Mitarbeiterin freelance[r]eine \freie Übersetzung a free translationetw zur \freien Verfügung haben to have sth at free disposal\freie Wahl haben to be free to chooseaus \freiem Willen [o \freien Stücken] of one's own free willes war sein \freier Wille auszuwandern he emigrated of his own free will\frei und ungebunden footloose and fancy-free2. (freie Zeit) freedrei Tage/eine Woche \frei haben to have three days/a week offnächsten Donnerstag ist \frei, da ist Feiertag we've got next Thursday off - it's a holidayer hat sich \frei genommen, da seine Tochter krank ist he's taken [some] time off because his daughter is ill\freie Zeit haben to have spare time3. (verfügbar) availablees sind noch Mittel für kulturelle Veranstaltungen \frei there are still funds available for cultural eventsder Film ist ab 14 Jahren \frei the film is suitable for children from 14 years on▪ \frei [für jdn] sein to be free [to see/speak to sb]ist dieser Platz noch \frei? is this seat [already] taken?haben Sie noch ein Zimmer \frei? do you still have a room available?den Eingang \frei machen to clear the entranceeinen Platz \frei lassen to keep a seat freeeinen Platz \frei machen to vacate a seat formeine \freie Stelle a vacant positionein \freies Zimmer a vacant room„Zimmer frei“ “rooms to rent”der Eintritt ist \frei entrance is freeKinder unter 6 Jahren sind \frei children below the age of six are admitted free20 kg Gepäck sind \frei 20 kg of luggage are allowed„Eintritt \frei“ “admission free”„Lieferung \frei Haus“ free home delivery6. (ohne etw)die Straßen sind \frei von Eis the streets are clear of icekein Mensch ist \frei von Fehlern nobody is perfect\frei von Konservierungsstoffen free from preservatives\frei von Schmerzen sein not to suffer any pain, to be free of pain\frei von Schuld blameless7. (ohne Hilfsmittel) off-the-cuffetw mit \freier Hand zeichnen to draw sth freehand\freie Rede/ \freier Vortrag impromptu speech/lectureeine \freie Rede halten to speak off-the-cut8. (auslassen)eine Zeile \frei lassen to leave a line free9. (offen) opender Zug hält auf \freier Strecke the train stops in the open country\freie Aussicht [o \freier Blick] unhampered view\freies Gelände open countryunter \freiem Himmel open airdas \freie Meer the open sea10. (ungezwungen) free and easyihre Auffassungen sind mir doch etwas zu \frei her views are a little too liberal for meer ist viel \freier geworden he has loosened up a lot famhier herrscht ein \freier Ton the atmosphere is very liberal here\freie Liebe free loveich bin so \frei (geh) if I mayich bin so \frei und nehme mir noch ein Stück I'll have another piece if I may11. (unbehindert) unhampered, unrestrained\freie Entwicklung free development12. (unbekleidet) baremachen Sie bitte Ihren Arm \frei please roll up your sleevemachen Sie bitte ihren Bauch \frei please uncover your stomach13. (unbeschrieben) blankein \freies Blatt a blank sheet of paperPlatz \frei lassen to leave a blank14. (nicht gebunden) free, singleseit er sich von seiner Freundin getrennt hat, ist er wieder frei since he has split up with his girl-friend, he is single again15. ÖKON free\freier Kapital-/Warenverkehr free movement of capital/goods\freie Marktwirtschaft free market economy\freier Wechselkurs freely floating exchange rate16. CHEM, PHYS releasedKräfte werden \frei forces are set free [or released]\freier Kohlenstoff/ \freie Wärme uncombined carbon/heat\freie Radikale free radicals17. (ungefähr)\frei nach... roughly quoting...II. adv1. (unbeeinträchtigt) freelydas Haus steht ganz \frei the house stands completely on its owndie Mörderin läuft immer noch \frei herum! the murderess is still on the loose!\frei atmen to breathe easy\frei finanziert privately financed\frei stehen to stand alone [or by itself]\frei verkäuflich for sale without restrictions\frei zugänglich accessible from all sides2. (ungezwungen) freely, openly\frei erzogen liberally educated\frei heraus sprechen to speak frankly\frei improvisieren to improvise freely3. (uneingeschränkt) casually4. (nach eigenem Belieben)\frei erfunden to be completely made up5. (gratis) freeKinder unter 6 Jahren fahren \frei children below the age of six travel freeetw \frei bekommen to get sth freeein Kabel \frei verlegen to lay a cable uncovered\frei in der Luft schweben to hover unsupported in the air\frei sprechen to speak off-the-cuff7. (nicht gefangen) freely\frei laufend Tiere free-rangeEier von \frei laufenden Hühnern eggs from free-range chickens\frei lebend living in the wild* * *1.2) (nicht angestellt) freelance <writer, worker, etc.>4) (nicht eingesperrt, gefangen) free; at liberty pred.5) (offen) openunter freiem Himmel — in the open [air]; outdoors
auf freier Strecke — (Straße) on the open road; (Eisenbahn) between stations
frei herumlaufen — < person> run around scot-free
6) (unbesetzt) vacant; unoccupied; freeein freier Stuhl/Platz — a vacant or free chair/seat
Entschuldigung, ist hier noch frei? — excuse me, is this anyone's seat etc.?
ein Bett ist [noch] frei — one bed is [still] free or not taken
7) (kostenlos) free <food, admission>20 kg Gepäck frei haben — have or be allowed a 20 kilogram baggage allowance
8) (ungenau)eine freie Übersetzung — a free or loose translation
9) (ohne Vorlage) improvised10) (uneingeschränkt) freeder freie Fall — (Physik) free fall
11)von etwas frei/frei von etwas sein — be free of something
12) (verfügbar) spare; freeich habe heute frei/meinen freien Abend — I've got today off/this is my evening off
sich (Dat.) frei nehmen — (ugs.) take some time off
er ist noch/nicht mehr frei — he is still/no longer unattached
13) (ohne Hilfsmittel)eine freie Rede — an extempore speech
14) (unbekleidet) bare15) (bes. Fußball) unmarkedfrei werden — (bei einer Reaktion) be given off
freie Hand haben/jemandem freie Hand lassen — have/give somebody a free hand
aus freien Stücken — (ugs.) of one's own accord; voluntarily
2.auf freiem Fuß — (von Verbrechern etc.) at large
* * *A. adj1. free;freier Bürger HIST freeborn citizen, freeman;ein freier Mensch (der tun kann, was er will) a free agent;sie ist frei zu gehen, wenn sie will she is free to go if she wishes;ich bin so frei obs oder hum sich bedienend etc: if I may;ich war so frei, Ihr Auto zu nehmen oderund nahm Ihr Auto I took the liberty of using your car, I helped myself to your carjetzt haben wir freie Fahrt mit Zug: the signal’s green now, the train can go now; mit Auto: the road’s clear now; fig there’s nothing to stop us now;jemanden auf freien Fuß setzen set sb free, let sb go;das Recht auf freie Meinungsäußerung the right of free speech ( oder of self-expression);freiem Willen of one’s own free will;die freie Wahl haben zwischen … und … be free to choose between … and …3. (unabhängig, selbstständig) Stadt etc: free; Beruf, Tankstelle etc: independent; (nicht gebunden) unattached; Journalist, Künstler etc: freelance;die freien Künste the liberal arts;4. im Namen von Organisationen etc:die Freie Hansestadt Bremen the Free Hanseatic City of Bremen;die Freie und Hansestadt Hamburg the Free Hanseatic City of Hamburg5. WIRTSCH:im freien Handel available in the shops (US in stores);freier Markt open market; BÖRSE unofficial market;freie Marktwirtschaft free market economy;freier Wechselkurs floating exchange rate;(die) freie Wirtschaft free enterprise;die Rechte an diesem Buchtitel werden bald frei the rights in this title will soon be free ( oder available)6. (unbesetzt) Stuhl, Raum etc: free, available; Leitung: vacant; Stelle: vacant, open; Straße etc: clear, empty; (unbeschrieben) Seite etc: blank;freie Stelle vacancy;der Platz noch frei? is this seat taken?, is anyone sitting here?;der Stuhl/die Zeile muss frei bleiben the chair must be kept free/the line must be left blank;Platz frei lassen/machen für leave/make space for;jemandem den Weg frei machen clear the way for sb;7. (unbedeckt) bare;der Rock lässt die Knie frei the skirt is above the knee;8. Feld, Himmel, Sicht: open;aufs freie Meer hinaus out into the open sea;in freier Wildbahn in the wild;unter freiem Himmel in the open (air), outsidefreie Zeit free ( oder leisure) time;nächsten Dienstag ist frei next Tuesday is a holiday;hast du morgen frei? do you have tomorrow off?;seitdem habe ich keine freie Minute mehr since then I haven’t had a free moment ( oder a moment to myself);freier Eintritt admission free (für to);Kinder unter sechs sind frei umg von Eintritt, Fahrgeld: children under six are free, no charge for children under six;20 kg Gepäck sind frei there is a baggage (besonders US luggage) allowance of 20kg;frei Haus carriage paid;Lieferung frei Haus free delivery, no delivery charge;dazu bekommt sie auch noch einen Job frei Haus fig what’s more she gets a job handed to her on a plate;du hast noch zwei Versuche frei fig you have two tries left11.frei von (ohne) free from ( oder of), without; von Eis, Schneeschicht etc: clear of; von Steuern etc befreit: exempt from;frei von Schmerzen free from pain;frei von Schulden free from debt;frei von Zusätzen free of additives;niemand ist frei von Fehlern/Vorurteilen nobody is perfect/free from prejudice12.freie Liebe free love;sie ist schon viel freier geworden she has loosened up a great deal14. fig Übersetzung: free;freie Hand haben have a free hand (bei with);jemandem freie Hand lassen give sb a free hand (bei with);15. Sport (ungedeckt) unmarked;zum nächsten freien Mitspieler passen pass to the nearest unmarked player;der freie Mann (vor der Abwehr) the sweeper16. Postwesen: (frankiert) prepaid, post paid17. PHYS; Elektron, Fall, Radikal etc: free; CHEM uncombined;im freien Fall in free fall;frei werden Energie etc: be released;freie Valenzen CHEM free valenciesB. adv1. atmen, herumlaufen etc: freely;frei geboren freeborn;frei laufende Hühner free-range hens;Eier von frei laufenden Hühnern free-range eggs;frei praktizierender Arzt doctor in private practice;frei halten (einen Platz) keep, save; (Straße, Einfahrt) keep clear; (Angebot, Stelle etc) keep open;„Eingang frei halten!“ keep clear;frei halten von keep free of; (Eingang, Straße etc) keep clear of;sich frei halten keep o.s. free (für for);sich frei halten von ward off, avoid2. herumliegen etc: openly;frei stehen Baum, Haus etc: stand by itself; (leer stehen) be unoccupied, be empty; SPORT, Spieler: be unmarked;frei stehend Baum: solitary; Haus, nicht angebaut: detached; einzeln: isolated; SPORT, Spieler: unmarked3. WIRTSCH:frei erhältlich freely available;frei finanziert privately financed;frei konvertierbar freely convertible;frei verkäuflich on general sale, freely available (to buy)4. TECH:frei beweglich freely moving, mobile;schwebend unsupported5.6.frei sprechen Redner: speak without notes; mit Handy im Auto: phone ( oder talk) hands-free, use the speaker phone;ich möchte den Vortrag frei halten I want to give the lecture without notes;einen Kreis frei zeichnen draw a circle freehand;das Kind kann schon frei laufen/stehen the child can walk/stand unaided7.frei erfunden (entirely) fictitious;das hat er frei erfunden he made that up;8. (liberal) liberally;…frei im adjstickstofffrei nitrogen-free, non-nitrogenous;tuberkulosefrei free from tuberculosis2. nicht geschehend: non-…;blendfrei Beleuchtung: non-dazzle;repressionsfrei Erziehung: non-repressive;schrumpffrei Wäsche: non-shrink, shrink-free3. nicht verlangt: exempt from …, …-exempt;visumfrei not requiring a visa, visa-exempt;zuschlagfrei on which no supplement is payable, exempt from supplementfesselfrei clear of the ankles;nabelfrei with a bare midriff;schulterfrei off-the-shoulder5. unabhängig: independent of …;bündnisfrei independent of any alliance, unallied;reichsfrei HIST under the direct rule of the Emperor;trustfrei non-trust* * *1.1) free <man, will, life, people, decision, etc.>2) (nicht angestellt) freelance <writer, worker, etc.>3) (ungezwungen) free and easy; lax (derog.)4) (nicht eingesperrt, gefangen) free; at liberty pred.5) (offen) openunter freiem Himmel — in the open [air]; outdoors
auf freier Strecke — (Straße) on the open road; (Eisenbahn) between stations
frei herumlaufen — < person> run around scot-free
6) (unbesetzt) vacant; unoccupied; freeein freier Stuhl/Platz — a vacant or free chair/seat
Entschuldigung, ist hier noch frei? — excuse me, is this anyone's seat etc.?
ein Bett ist [noch] frei — one bed is [still] free or not taken
7) (kostenlos) free <food, admission>20 kg Gepäck frei haben — have or be allowed a 20 kilogram baggage allowance
8) (ungenau)eine freie Übersetzung — a free or loose translation
9) (ohne Vorlage) improvised10) (uneingeschränkt) freeder freie Fall — (Physik) free fall
11)von etwas frei/frei von etwas sein — be free of something
12) (verfügbar) spare; freeich habe heute frei/meinen freien Abend — I've got today off/this is my evening off
sich (Dat.) frei nehmen — (ugs.) take some time off
er ist noch/nicht mehr frei — he is still/no longer unattached
13) (ohne Hilfsmittel)14) (unbekleidet) bare15) (bes. Fußball) unmarked16) (Chemie, Physik) freefrei werden — (bei einer Reaktion) be given off
freie Hand haben/jemandem freie Hand lassen — have/give somebody a free hand
aus freien Stücken — (ugs.) of one's own accord; voluntarily
2.auf freiem Fuß — (von Verbrechern etc.) at large
* * *adj.clear adj.detached adj.free adj.spare adj.uncommitted adj.unengaged adj.unenslaved adj.unfettered adj.unrestricted adj.untrapped adj. adv.freely adv. -
77 staatlich
I Adj. attr. state...; Maßnahmen, Vorschriften, Subventionen etc.: government...; (staatseigen) Industrie etc.: nationalized, state-owned; Unternehmen: public; staatliche Mittel government funds, public money; das Unternehmen ist rein staatlich this enterprise is fully state-ownedII Adv.: staatlich anerkannt officially recognized ( oder approved); staatlich gefördert state-sponsored; staatlich gelenkt oder geleitet state-control(l)ed, state-run; staatlich geprüft (abgek. staatl. gepr.) state-certified* * *political; public; national; governmental* * *staat|lich ['ʃtaːtlɪç]1. adjstate attr; Gelder, Unterstützung etc auch government attr; (= staatseigen) Betrieb, Güter auch state-owned; (= staatlich geführt) state-run2. advby the statestáátlich subventioniert — subsidized by the state, state-subsidized
stáátlich anerkannt — state-approved
stáátlich geprüft — state-certified
* * *staat·lichI. adj\staatliche Einrichtungen state [or government] facilities\staatliche Schuldenverwaltung management of the national debt\staatliche Schuldtitel/Stellen government bonds/agencies\staatliche Anreize POL government incentives\staatliche Förderung government promotion\staatliche Mittel public funds; (Stipendium) grant\staatliche Unterstützung ÖKON government supportII. adv\staatlich anerkannt state- [or government-] approved\staatlich gefördert FIN government-sponsored\staatlich geprüft [state-]certified\staatlich subventioniert state-subsidized, subsidized by the state pred* * *1.Adjektiv state attrib. <sovereignty, institutions, authorities, control, etc.>; <power, unity, etc.> of the state; state-owned <factory etc.>2.staatliche Mittel — government or public money sing
adverbial by the statestaatlich anerkannt/geprüft/finanziert — state-approved/-certified/-financed
* * *A. adj attr state…; Maßnahmen, Vorschriften, Subventionen etc: government …; (staatseigen) Industrie etc: nationalized, state-owned; Unternehmen: public;staatliche Mittel government funds, public money;das Unternehmen ist rein staatlich this enterprise is fully state-ownedB. adv:staatlich anerkannt officially recognized ( oder approved);staatlich gefördert state-sponsored;geleitet state-control(l)ed, state-run;staatlich geprüft (abk staatl. gepr.) state-certified* * *1.Adjektiv state attrib. <sovereignty, institutions, authorities, control, etc.>; <power, unity, etc.> of the state; state-owned <factory etc.>2.staatliche Mittel — government or public money sing
adverbial by the statestaatlich anerkannt/geprüft/finanziert — state-approved/-certified/-financed
* * *(Unternehmen) adj.nationalized adj.state-owned adj. adj.state- prefix -
78 dégager
dégager [degaʒe]➭ TABLE 31. transitive verbb. [+ passage, table, gorge, nez] to clear• dégagez s'il vous plaît ! move away please!• dégage ! (inf!) clear off! (inf!)c. ( = exhaler) [+ odeur, fumée, chaleur] to give off ; [+ enthousiasme] to radiatee. (Football, rugby) [+ ballon] to clear2. reflexive verba. [personne] to get free (de from)b. [ciel, rue, nez] to clearc. [odeur, fumée, gaz, chaleur] to be given off ; [enthousiasme] to radiate ; [impression] to emanate (de from)* * *degaʒe
1.
1) ( libérer physiquement) to free2) ( débarrasser) to clear [bureau, route, passage]‘dégagez, s'il vous plaît’ — ( ordre de la police) ‘move along please’
dégage! — (colloq) clear off! (colloq) GB, get lost! (colloq)
demande au coiffeur de te dégager les oreilles — ask the hairdresser to cut your hair away from your ears
3) ( extraire) to find [idée, morale, sens]4) ( laisser échapper) [volcan, voiture] to emit [odeur, gaz]; [casserole] to let out [vapeur]5) Financedégager des crédits pour la construction d'une école — to make funds available for a school to be built
7) ( libérer moralement)8) (au football, rugby)9) ( déboucher) to unblock [nez, sinus]; to clear [bronches]
2.
se dégager verbe pronominal1) ( se libérer) to free oneself/itself2) Météorologie [temps, ciel] to clear3) ( émaner)se dégager de — [chaleur, gaz, fumée] to come out of; [odeur, parfum] to emanate from
4) ( apparaître)* * *deɡaʒe vt1) (= exhaler) to give off, to emit2) (= délivrer) to freeIls ont mis une heure à dégager les victimes. — It took them an hour to free the victims.
dégager qn de [décombres] — to free sb from, [engagement, parole] to release sb from
3) (= désencombrer) [passage, voie] to clear4) (= isoler, mettre en valeur) to bring out5) (= rendre disponible) [crédits] to release* * *dégager verb table: mangerA vtr1 ( libérer physiquement) to free; elle essayait de dégager sa jambe coincée she was trying to free her trapped leg;2 ( débarrasser) to clear [bureau, route, passage]; dégager un camion de la voie publique to clear a truck off the public highway; ‘dégagez le passage, s'il vous plaît’ ‘clear the way, please’; ‘dégagez, s'il vous plaît’ ( ordre de la police) ‘move along please’; dégage○! clear off○! GB, get lost○!; demande au coiffeur de te dégager les oreilles/la nuque/le front ask the hairdresser to cut your hair away from your ears/neck/forehead;3 ( extraire) to bring out [idée, morale, sens]; dégager les grands axes d'une politique to bring out the salient ou main points of a policy;4 ( laisser échapper) [volcan, voiture] to emit [odeur, gaz]; [casserole] to let out [vapeur]; le feu/moteur dégage de la chaleur the fire/engine gives out ou off heat;5 Fin dégager des crédits pour la construction d'une école [État, ville] to make funds available ou release funds for a school to be built; dégager des bénéfices or profits to make ou show a profit; dégager un excédent commercial to show a trade surplus;6 ( racheter ce qui était en gage) dégager une montre du mont-de-piété to redeem a watch from the pawnbroker;7 ( libérer moralement) dégager qn d'une responsabilité to relieve sb of a responsibility; dégager qn d'une obligation/d'une promesse to release ou free sb from an obligation/from a promise; dégager qn de tous soucis to free sb from all his/her worries, to take all sb's worries away;8 (au football, rugby) dégager une balle or un ballon to clear a ball;B se dégager vpr1 ( se libérer) to free oneself; se dégager d'une situation piégée to extricate oneself from a tricky situation; se dégager du contrôle de l'État to free oneself of state control;2 Météo [temps, ciel] to clear;3 ( émaner) se dégager de [chaleur, gaz, fumée] to come out of; [odeur, parfum] to emanate from;4 ( apparaître) un charme désuet se dégage du roman the novel has an (element of) old world charm about it; il se dégage de vos tableaux une impression de sérénité there is an impression of calm about your paintings; une conclusion se dégage: il faut agir one thing is clear: we have to act; la conclusion qui se dégage de la discussion est que the outcome of the debate is (that).[degaʒe] verbe transitif1. [sortir] to freeil a essayé de dégager sa main de la mienne he tried to pull his hand away ou to free his hand from minedégager les branches de la route to clear the branches off the road, to clear the road of branches3. [désencombrer - couloir, table, salle] to clear (out) ; [ - sinus] to clear, to unblock ; [ - poitrine, gorge] to clear ; [ - ouverture, chemin] to open4. FINANCE [crédit] to release5. [libérer]dégager quelqu'un de sa promesse to release ou to free somebody from their promise7. [manifester - quiétude] to radiatedégager en touche to put ou kick the ball into touch11. (familier) (en usage absolu) [partir]dégage! clear off!, get lost!————————se dégager verbe pronominal(emploi passif) [conclusion] to be drawnil se dégage du rapport que les torts sont partagés it appears from the report that both sides are to blame————————se dégager verbe pronominal (emploi réfléchi)1. [s'extraire]2. [se libérer - d'un engagement]se dégager d'une affaire/d'une association to drop out of a deal/an association————————se dégager verbe pronominal intransitif -
79 transfer
1. n1) передача2) юр. уступка; передача (права, имущества); цессия3) трансферт; документ о передаче ценной бумаги4) денежный перевод; перечисление денег5) бухг. перенос
- airmail transfer
- banker's transfer
- blank transfer
- cable transfer
- capital transfer
- cash transfer
- cashless transfer of funds
- certified transfer
- compensation-free transfer
- conditional transfer
- cost transfer
- credit transfer
- currency transfer
- data transfer
- electronic transfer of funds
- electronic fund transfer
- generation skipping transfer
- gratuitous transfer
- income transfers
- information transfer
- interbank money transfer
- mail transfer
- money transfer
- patent transfer
- postal transfer
- postal giro transfer
- postal money transfer
- post-office transfer
- profit transfer
- revocable transfer of property
- share transfer
- staff transfer
- stock transfer
- taxable transfer of profits abroad
- technology transfer
- telegraphic transfer
- telephone transfer
- unconditional transfer
- wire transfer
- transfer by bank draft
- transfer by cheque
- transfer by endorsement
- transfer by exchange
- transfer by mail
- transfer by post
- transfer by sale
- transfer by way of gift
- transfer from an account
- transfer in blank
- transfer in foreign currency
- transfer in payment
- transfer into an account
- transfer of an amount
- transfer of authority
- transfer of the balance
- transfer of business
- transfer of capital abroad
- transfer of cargo
- transfer of currency
- transfer of data
- transfer of debentures
- transfer of a debt
- transfer of an entry
- transfer of experience
- transfer of funds
- transfer of information
- transfer of invention rights
- transfer of money
- transfer of money from deposit
- transfer of money on deposit
- transfer of ownership
- transfer of patent rights
- transfer of payment
- transfer of a policy
- transfer of profits
- transfer of profits abroad
- transfer of property rights
- transfer of resources
- transfer of resources to the fund
- transfer of rights
- transfer of shares
- transfer of stocks
- transfer of sums
- transfer of technical documentation
- transfer of technical information
- transfer of technology
- transfer of tenancy
- transfer of title
- transfer through a bank
- transfer to an account
- transfers to the fund of an enterprise
- transfer under a contract
- effect transfer
- make transfer
- pay by transfer2. v1) юр. передавать, уступать2) переводить (деньги); перечислять (суммы)3) бухг. делать перенос
- transfer currency into an accountEnglish-russian dctionary of contemporary Economics > transfer
-
80 management
1) управление; заведование; менеджмент2) ведение (дел, хозяйства, переговоров)3) правление; дирекция; администрация, руководство; управленческий аппарат•The management of Japan's economy is strewn across several competing agencies and ministries. — Руководство японской экономикой рассредоточено среди нескольких конкурирующих ведомств и министерств.
См. также в других словарях:
Debt Fund — An investment pool, such as a mutual fund or exchange traded fund, in which core holdings are fixed income investments. A debt fund may invest in short term or long term bonds, securitized products, money market instruments or floating rate debt … Investment dictionary
Debt-for-nature swap — Debt for nature swaps are financial transactions in which a portion of a developing nation s foreign debt is forgiven in exchange for local investments in environmental conservation measures. Contents 1 History 2 How Debt for Nature Swaps Work 3… … Wikipedia
Debt settlement — Debt settlement, also known as debt arbitration, debt negotiation or credit settlement, is an approach to debt reduction in which the debtor and creditor agree on a reduced balance that will be regarded as payment in full.[1] Debt settlement is… … Wikipedia
Debt overhang — is when an organization (for example, a business, government, or family) has existing debt so great that it cannot easily borrow more money, even when that new borrowing is actually a good investment that would more than pay for itself. This… … Wikipedia
debt security — see security Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. debt security … Law dictionary
debt securities — This term has a number of meanings depending on the context in which it is used: • Generally, a debenture, a government and public security or a warrant which confers a right in respect of an investment in a debenture or government and public… … Law dictionary
Debt-for-Nature Swap — Debt for nature swaps are financial transactions in which a portion of a developing nation s foreign debt is forgiven in exchange for local investments in conservation measures. The concept of debt for nature swaps was first conceived by Thomas… … Wikipedia
debt poolers — Individuals or organizations who receive and apply monthly funds from a person owing money to several creditors and who make arrangements to pay these creditors less than what is actually owed. Dictionary from West s Encyclopedia of American Law … Law dictionary
Debt Management Office — (DMO) United Kingdom An agency of HM Treasury that carries out the UK Government s debt management policy. The DMO is an executive agency of HM Treasury. The DMO s responsibilities include debt and cash management for the UK Government, lending… … Law dictionary
funds — [n] cash reserve accounts receivable, affluence, assets, backing, bankroll, belongings, bread*, budget, capital, collateral, currency, dough*, earnings, finance, fluid assets, hard cash*, kitty*, lucre, means, money, money in the bank*, money on… … New thesaurus
debt — that which is owed. If you borrow money, buy something on credit or receive more money on an account than is owed, you have a debt. Glossary of Business Terms Funds owed by a debtor to a creditor. Outstanding debt obligations are assets for… … Financial and business terms