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for a limited period only

  • 1 limited

    limited [ˈlɪmɪtɪd]
       a. ( = restricted) limité
       b. (British) Smith and Sons Limited ≈ Smith et fils, SA
    ► limited company noun (British) also private limited company ≈ société f à responsabilité limitée
    ► limited edition noun [of poster, print] tirage m limité
    * * *
    ['lɪmɪtɪd]
    1) [resources, vocabulary, intelligence, space] limité

    English-French dictionary > limited

  • 2 limited

    adjective
    1) (restricted) begrenzt

    limited company — (Brit.) Gesellschaft mit beschränkter Haftung

    2) (intellectually narrow) beschränkt (abwertend)
    * * *
    1) ((negative unlimited) not very great, large etc; restricted: My experience is rather limited.) begrenzt
    2) ((with capital, abbreviated to Ltd. when written) a word used in the titles of certain companies: West. and R. Chambers Ltd.) mit beschränkter Haftung
    * * *
    lim·it·ed
    [ˈlɪmɪtɪd, AM -t̬-]
    1. (restricted) choice, intelligence begrenzt
    she's had very \limited movement in her legs since the accident seit dem Unfall kann sie ihre Beine nur sehr eingeschränkt bewegen
    they're only doing the play for a very \limited season sie führen das Stück nur für kurze Zeit auf
    2. (having limits) begrenzt
    ▪ to be \limited to sth auf etw akk begrenzt sein; (with a time limit) contract befristet
    3. BRIT
    ▪ L\limited after n company mit beschränkter Haftung nach n
    Smith and Jones L\limited Smith and Jones GmbH
    4. LAW
    \limited jurisdiction beschränkte Zuständigkeit
    * * *
    ['lImItɪd]
    adj
    1) improvement, number, amount, resources, range begrenzt, beschränkt; intelligence, knowledge also mäßig; person beschränkt

    this offer is for a limited period only — dieses Angebot ist (zeitlich) befristet or gilt nur für kurze Zeit

    in a more limited sense — in engerem Sinn

    he can only get about/look after himself to a limited extent —

    2) (esp Brit COMM) liability, right, authority beschränkt

    ABC Travel Limited — ≈ ABC-Reisen GmbH

    * * *
    A adj (adv limitedly)
    1. beschränkt, begrenzt ( beide:
    to auf akk):
    limited bus → B a;
    limited (liability) company WIRTSCH Br Aktiengesellschaft f;
    limited edition begrenzte oder limitierte Auflage;
    limited order WIRTSCH limitierte (Börsen)Order;
    limited parking zone Kurzparkzone f;
    limited in time befristet;
    limited train → B a; → academic.ru/53759/partner">partner A 2, partnership 2
    2. POL konstitutionell (Monarchie)
    3. fig (geistig) beschränkt
    B s US
    a) Schnellbus m
    b) Schnellzug m
    Ltd, ltd abk WIRTSCH besonders Br limited
    * * *
    adjective
    1) (restricted) begrenzt

    limited company — (Brit.) Gesellschaft mit beschränkter Haftung

    2) (intellectually narrow) beschränkt (abwertend)
    * * *
    (duration) adj.
    befristet adj. adj.
    abgegrenzt adj.
    begrenzt adj.
    beschränkt adj.
    eingeschränkt adj.
    limitiert adj.

    English-german dictionary > limited

  • 3 limited

    1) ((negative unlimited) not very great, large etc; restricted: My experience is rather limited.) limitado, restringido
    2) ((with capital, abbreviated to Ltd. when written) a word used in the titles of certain companies: West. and R. Chambers Ltd.) limitada
    tr['lɪmɪtɪd]
    1 limitado,-a, restringido,-a
    \
    SMALLIDIOMATIC EXPRESSION/SMALL
    limited company sociedad nombre femenino anónima
    limited ['lɪmət̬əd] adj
    : limitado, restringido
    adj.
    • escaso, -a adj.
    • limitado, -a adj.
    • reducido, -a adj.
    'lɪmətəd, 'lɪmɪtɪd
    a) <number/space> limitado, restringido; <knowledge/experience/scope> limitado

    to a limited extent/degree — hasta cierto punto/en cierta medida

    limited edition — edición f limitada or numerada

    b) (AmE Transp) <expressain/bus> semi-directo
    c) ( Busn) < liability> limitado

    limited (liability) company — sociedad f de responsabilidad limitada

    public limited company — (BrE) sociedad f anónima

    ['lɪmɪtɪd]
    1. ADJ
    1) (=small) [number, space] limitado; [resources] limitado, escaso; [range, scope] limitado, reducido
    2) (=restricted) limitado
    3) (esp Brit)
    (Jur, Comm) (in company names)

    Hourmont Travel Limited — Hourmont Travel, Sociedad Anónima

    2.
    CPD

    limited company N — (esp Brit) (Comm, Jur) sociedad f anónima, sociedad f limitada

    limited edition N — [of book] edición f limitada; [of picture, record] tirada f limitada; [of car] serie f limitada

    limited liability N — (esp Brit) (Jur) responsabilidad f limitada

    limited partnership N — (Comm) sociedad f limitada, sociedad f en comandita

    public 3.
    * * *
    ['lɪmətəd, 'lɪmɪtɪd]
    a) <number/space> limitado, restringido; <knowledge/experience/scope> limitado

    to a limited extent/degree — hasta cierto punto/en cierta medida

    limited edition — edición f limitada or numerada

    b) (AmE Transp) <express/train/bus> semi-directo
    c) ( Busn) < liability> limitado

    limited (liability) company — sociedad f de responsabilidad limitada

    public limited company — (BrE) sociedad f anónima

    English-spanish dictionary > limited

  • 4 Volk, Magnus

    [br]
    b. 19 October 1851 Brighton, England
    d. 20 May 1937 Brighton, England
    [br]
    English pioneer in the use of electric power; built the first electric railway in the British Isles to operate a regular service.
    [br]
    Volk was the son of a German immigrant clockmaker and continued the business with his mother after his father died in 1869, although when he married in 1879 his profession was described as "electrician". He installed Brighton's first telephone the same year and in 1880 he installed electric lighting in his own house, using a Siemens Brothers dynamo (see Siemens, Dr Ernst Werner von) driven by a Crossley gas engine. This was probably one of the first half-dozen such installations in Britain. Magnus Volk \& Co. became noted electrical manufacturers and contractors, and, inter alia, installed electric light in Brighton Pavilion in place of gas.
    By 1883 Volk had moved house. He had kept the dynamo and gas engine used to light his previous house, and he also had available an electric motor from a cancelled order. After approaching the town clerk of Brighton, he was given permission for a limited period to build and operate a 2 ft (61 cm) gauge electric railway along the foreshore. Using the electrical equipment he already had, Volk built the line, a quarter of a mile (400 m) long, in eight weeks. The car was built by a local coachbuilder, with the motor under the seat; electric current at 50 volts was drawn from one running rail and returned through the other.
    The railway was opened on 4 August 1883. It operated regularly for several months and then, permission to run it having been renewed, it was rebuilt for the 1884 season to 2 ft 9 in. (84 cm) gauge, with improved equipment. Despite storm damage from time to time, Volk's Electric Railway, extended in length, has become an enduring feature of Brighton's sea front. In 1887 Volk made an electric dogcart, and an electric van which he built for the Sultan of Turkey was probably the first motor vehicle built in Britain for export. In 1896 he opened the Brighton \& Rottingdean Seashore Electric Tramroad, with very wide-gauge track laid between the high-and low-tide lines, and a long-legged, multi-wheel car to run upon it, through the water if necessary. This lasted only until 1901, however. Volk subsequently became an early enthusiast for aircraft.
    [br]
    Further Reading
    C.Volk, 1971, Magnus Volk of Brighton, Chichester: Phillimore (his life and career as described by his son).
    C.E.Lee, 1979, "The birth of electric traction", Railway Magazine (May).
    PJGR

    Biographical history of technology > Volk, Magnus

  • 5 premium

    1. сущ.
    сокр. prem
    1) общ. награда, вознаграждение, премия (что-л. предоставляемое в качестве стимула в каком-л. проекте, какой-л. системе и пр.)

    consumer premium — подарок [премия\] потребителю*

    The program will award points to consumers for each brewery visit during the week, allowing them to earn premiums such as beer mugs and logo shirts.

    Mortgage brokers, who match borrowers with lenders, can earn premiums by steering borrowers to higher-rate loans.

    They claim that lenders on the higher-than-market rate loans will pay a premium to the mortgage broker and that those payments will be used to pay the fees associated with the low-interest loans.

    See:
    2) страх. = insurance premium

    ATTRIBUTES: adjustable, assumed 3) а), base 3. 3) а), direct 1. 3) а), earned 1. 1) а), fixed 1. 4) а), flexible 1. 2) б), gross 1. 3) а), а initial 1. 2) б), level 2. 3) б), lump sum, net 3. 3) а), n1а outstanding 1. 3) а), periodic 1. 1) а), regular 1. 2) б), n2 subject 1. 2) б), n2 underlying 1. 2) б), n2 variable 1. 2) б), n2 written 1. 4) а), б

    annual [yearly\] premium — ежегодная премия

    monthly [biweekly, weekly\] premium — ежемесячная [двухнедельная, еженедельная\] премия

    annual [monthly, weekly\] premium insurance — страхование с ежегодной [ежемесячной, еженедельной\] уплатой премий [премии\]

    annual premium policy — полис с ежегодной уплатой премий [премии\]

    ATTRIBUTES:

    paid premium — уплаченная [выплаченная\] премия

    The refund of paid premium is based on the insured's age at death and is decreased by any benefits paid under the plan.

    Company-paid premiums are deductible by the employer as an ordinary and necessary business expense. — Уплаченные компанией премии подлежат вычету работодателем как обычные и необходимые деловые расходы.

    For federal tax purposes the employer-paid premiums are taxed as additional earned income for the employee. — Для целей федерального налогообложения, уплаченные работодателем премии облагаются налогом как дополнительный заработанный доход работника.

    Employee-paid premiums for health insurance vary by salary. — Размер уплачиваемых работником премий по страхованию здоровья меняется в зависимости от размера оклада.

    We can recover overpaid premiums for the last three policy years.

    unpaid premium — неуплаченная [невыплаченная\] премия

    The late charge formula is the unpaid premium amount multiplied by four percent.

    COMBS:

    life insurance premiums, life premiums — премии по страхованию жизни

    non-life insurance premiums, non-life premiums — премии по страхованию иному, чем страхование жизни; премии по страхованию "не жизни"

    health insurance premiums, health premiums — премии по страхованию здоровья

    liability insurance premiums, liability premiums — премии по страхованию ответственности

    disability insurance premiums, disability premiums — премии по страхованию от [на случай\] нетрудоспособности

    property insurance premiums, property premiums — премии по страхованию имущества

    premium payment — уплата [выплата\] премии; премиальный платеж

    Mortgage insurance premium payments are made once per year. — Выплаты премий по ипотечному страхованию осуществляются раз в год.

    premium of $1000, $1000 premium — премия [надбавка\] в размере 1000 долл.

    Our commercial premium finance program allows you to finance premiums from $0 to $200000 or more.

    The policies in question have a waiver of premium benefit, whereby the insurer would waive premiums during any period in which the policyholder is disabled.

    We cede premiums and losses to reinsurers under quota share reinsurance agreements. — Мы передаем премии и убытки перестраховщиками на основании договоров квотного перестрахования.

    Also, under our quota share assumed reinsurance contracts, we will continue to assume premiums through the third quarter of 2006. — Также, на основании принятых договоров квотного перестрахования, мы будем продолжать принимать премии на протяжении третьего квартала 2006 г.

    to write premiums — подписывать премии*; страховать*, принимать на страхование*, осуществлять страхование*

    In general, for insurers to write premiums in California, they must be admitted by the Insurance Commissioner. — В общем, для того, чтобы страховщики смогли осуществлять страховую деятельность в Калифорнии, они должны получить разрешение уполномоченного по страхованию.

    The company is licensed to write insurance business in all 50 states, has specialty lines in risk insurance for architects and lawyers and is expected to write premiums of $75 million this year. — Компания имеет лицензию на осуществление страховой деятельности во все 50 штатах, предлагает специальные разновидности страхования рисков для архитекторов и юристов и, как ожидается, подпишет в этом году премий на сумму 75 млн долл.

    Moreover, an insurance company that earns premiums between $300,000 and $1,000,000 is taxed at a reduced rate.

    If you want to pay premiums for a limited time, the limited payment whole life policy gives you lifetime protection but requires only a limited number of premium payments.

    to raise [to increase\] premiums — увеличивать премии

    to reduce [to decrease, to cut\] premiums — уменьшать премии

    premiums go down — премии снижаются [уменьшаются\]

    See:
    adjustable premium, advance premium, annual premium, annuity premium, base premium, beneficiary premium, deposit premium, direct premiums, earned premium, financed insurance premium, financed premium, fixed premium, flexible premium, graded premium, gross premium, in-force premiums, initial premium, level premium, lump sum premium, modified premium, mortgage insurance premium, net premium, net retained premiums, new business premiums, outstanding premiums, periodic premium, premium earned, premiums in force, premium written, regular premium, reinsurance premium, renewal premium, retained premiums, retrospective premium, return premium, single premium, subject premium, surplus line premium, surplus lines premium, underlying premium, unearned premium, valuation premium, vanishing premium, variable premium, written premium, yearly premium, overall premium limit, premium audit, premium auditor, premium base, premium bordereau, premium conversion, premium discount, premium financing, premium holiday, premium income б), premium loan, premium notice, premium rate 1) б), premium receipt, premium refund, premium subsidy, premium tax, premium trust fund, return of premium, waiver of premium, continuous-premium whole life, premium only plan, premium-to-surplus ratio
    3)

    to fetch a premium [a premium price\] — продаваться с надбавкой [с премией\]

    Premium products generally fetch a premium price. — Премиальные товары обычно продаются с надбавкой [с премией\].

    to command a premium [a premium price\] — продаваться с надбавкой [с премией\], продаваться по премиальной цене

    Some products command a premium price in the marketplace simply because they are considered to be higher in quality. — Некоторые товары продаются на рынке по премиальной цене просто из-за того, что они считаются товарами более высокого качества.

    to command a premium — содержать надбавку [премию\]* (о ценах, ставках)

    As long as there is a threat of war in the Middle Eastern oil fields, oil prices will command a premium. — До тех пор, пока существует угроза войны на территории средневосточных нефтяных месторождений, цены на нефть будут содержать надбавку.

    to attract a premium/a premium price/a premium rate — продаваться с премией [надбавкой\], стоить дороже; оплачиваться с надбавкой [с премией\]*

    Because of their locations these houses attract a premium. — Благодаря своему расположению эти дома стоят дороже.

    Therefore, when we buy your diamond, we can pay a premium over the current market price.

    For which services are customers willing to pay a premium when flying with a low-fare airline?

    Ant:
    See:
    б) фин. премия (сумма, на которую цена размещения или текущая рыночная цена ценной бумаги больше ее номинала)

    ATTRIBUTES: amortizable б)

    COMBS:

    $20-a-share premium — премия в размере $20 на (одну) акцию

    H-P will buy 1,2 million Convex shares at $14.875 a share, representing a 1,25-a-share premium over the price of Convex stock. — "H-P" купит 1,2 млн акций компании "Конвекс" по цене 14,875 долл. за штуку, что означает уплату премии в размере 1,25 долл. на акцию сверх цены акций "Конвекса".

    COMBS:

    premium over [to\] market price — премия к рыночной цене, премия сверх рыночной цены

    premium over [to\] issue price — премия к эмиссионной цене, премия сверх эмиссионной цены

    premium payment — уплата [выплата\] премии; премиальный платеж

    Mortgage insurance premium payments are made once per year. — Выплаты премий по ипотечному страхованию осуществляются раз в год.

    premium of $1000, $1000 premium — премия [надбавка\] в размере 1000 долл.

    10% premium, premium of 10% — премия [надбавка\] в размере 10%

    The shares jumped to a 70 per cent premium on the first day.

    Of all the common bond-tax errors, the most surprising to me is neglecting to amortize premiums paid on taxable bonds.

    For premium securities, we project the excess coupon. payments using our prepayment assumption.

    Ant:
    See:
    в) фин. премия (при оценке стоимости предприятия или крупных пакетов акций: разница, на которую фактически согласованная цена предприятия/пакета акций больше базовой рыночной цены)
    See:
    г) эк. премия; надбавка (сумма, на которую цена товара, услуги или ценной бумаги превышает цену сходного товара, услуги или ценной бумаги)

    Currently, US small caps are trading at a 15.7 per cent premium to large caps. — В настоящее время, акции американских компаний с маленькой капитализацией по сравнению с акциями компаний с большой капитализацией торгуются с премией в размере 15,7%.

    Platinum usually trades at a premium to gold. — Платина обычно продается по более высокой цене, чем золото.

    See:
    д) фин. ажио (превышение стоимости золотых или серебряных денег по сравнению с бумажными деньгами)
    Syn:
    agio в)
    See:
    е) эк. премия; надбавка (в самом общем смысле: дополнительная сумма, на которую увеличена базовая стоимость или другая базовая величина)

    перен. to put [place\] a premium on (smth.) — считать (что-л.) исключительно важным [ценным\], придавать (чему-л.) большое значение

    He put a premium on peace and stability. — Он считает исключительно важным поддержание мира и стабильности.

    Employers today put a premium on reasoning skills and willingness to learn. — В наше время работодатели придают большое значение умению рассуждать и готовности учиться.

    Ant:
    See:
    4) эк. тр. премия, (премиальная) надбавка (дополнительное вознаграждение, выплачиваемое в дополнение к заработной плате в качестве поощрения за хорошую работу, работу в сверхурочные и т. п.)

    COMBS:

    premium payment — уплата [выплата\] премии; премиальный платеж

    premium of $1000, $1000 premium — премия [надбавка\] в размере 1000 долл.

    to attract a premium/a premium rate — оплачиваться с надбавкой [с премией\]*

    In many industries work on Saturday or Sunday will attract a premium on the ordinary hourly rate. — Во многих отраслях работа в субботу или воскресенье предусматривает выплату надбавки сверх обычной часовой ставки.

    Neither federal law nor state law requires local government employers to give employees paid holidays or to pay a premium when employees must work on what would otherwise be a holiday.

    Syn:
    bonus 3)
    See:
    5) фин. = option premium

    Investors willing to buy stock at certain prices might consider selling puts to earn premiums, while those willing to sell shares at certain prices might think about selling calls.

    When you purchase an option, you pay a premium. — Покупая опцион, вы уплачиваете премию.

    See:
    2. прил.
    1) общ. первосортный, высшего качества [сорта\], исключительный, премиальный

    premium product — премиальный товар, товар высшего сорта

    premium card — первоклассная [приоритетная, премиальная\] карта [карточка\]*

    premium space — привилегированное [премиальное\] место*

    premium advertising — премиальная [первосортная, элитная\] реклама*

    premium customer — премиальный клиент [покупатель\]*

    premium quality — премиальное [высшее\] качество; премиальный [высший\] сорт

    premium grade — премиальный [высший\] сорт

    See:
    2) эк. премиальный, с премией, с надбавкой (о ценах, ставках выше обычного уровня)

    premium price — цена с надбавкой, цена с премией, премиальная цена

    See:

    * * *
    premium; PM; Prem премия, маржа: 1) премия (надбавка) к цене, курсу: разница между более высокой текущей (рыночной) и номинальной ценами финансового актива (напр., облигации); см. discount; 2) разница между более высоким срочным (форвардным) и наличным валютными курсами, т. е. валюта на срок продается с премией; 3) ажио: более высокая стоимость золотых или бумажных денег по отношению к бумажным деньгам; 4) цена опциона: сумма, уплачиваемая за получение права продать или купить финансовый инструмент; 5) = insurance premium; 6) платеж по рентному контракту; 7) = call premium; 8) льгота, призванная привлечь вкладчиков или заемщиков, а также покупателей товаров и услуг (напр., повышенная процентная ставка, скидки с цен и др.); 9) надбавка к рыночной цене, которую иногда приходится уплачивать при заимствованиях ценных бумаг для их поставки по "короткой" продаже; 10) разница в цене между данной ценной бумагой и сходными бумагами или индексом (напр., говорят: "бумага продается с премией к аналогичным бумагам"); 11) новая ценная бумага, продающаяся с премией; 12) надбавка к рыночной цене ценных бумаг в случае тендерного предложения; см. premium raid;
    * * *
    Финансы/Кредит/Валюта
    отклонение в сторону превышения рыночного курса денежных знаков и ценных бумаг от их нарицательной стоимости
    -----
    разница между рыночной ценой и ценой эмиссии акции или ценной бумаги; при начале операции с акциями нового выпуска говорится, что рыночная цена включает премию по отношению к цене эмиссии
    -----
    сумма, выплачиваемая держателем полиса для получения страховой суммы в нужный момент
    -----
    Банки/Банковские операции
    премия, вознаграждение, надбавка

    Англо-русский экономический словарь > premium

  • 6 term

    tə:m
    1. noun
    1) (a (usually limited) period of time: a term of imprisonment; a term of office.) período, etapa
    2) (a division of a school or university year: the autumn term.) trimestre (tres meses); cuatrimestre (cuatro meses); semestre (seis meses)
    3) (a word or expression: Myopia is a medical term for short-sightedness.) término
    •

    2. verb
    (to name or call: That kind of painting is termed `abstract'.)
    - in terms of
    term n
    1. trimestre
    2. término
    tr[tɜːm]
    1 SMALLEDUCATION/SMALL trimestre nombre masculino
    2 (period of time) período
    3 (expression, word) término
    1 calificar de, llamar, denominar
    1 SMALLCOMMERCE/SMALL condiciones nombre femenino plural
    \
    SMALLIDIOMATIC EXPRESSION/SMALL
    in the long/short term a largo/corto plazo
    in terms of en cuanto a
    on equal terms en igualdad de condiciones
    to be a contradiction in terms ser un contrasentido
    to be on good terms with somebody tener buenas relaciones con alguien
    to come to terms with something llegar a aceptar algo, adaptarse a algo
    to come to terms with somebody llegar a un arreglo con alguien
    term of office mandato
    term ['tərm] vt
    : calificar de, llamar, nombrar
    term n
    1) period: término m, plazo m, período m
    2) : término m (en matemáticas)
    3) word: término m, vocablo m
    legal terms: términos legales
    4) terms npl
    conditions: términos mpl, condiciones fpl
    5) terms npl
    relations: relaciones fpl
    to be on good terms with: tener buenas relaciones con
    6)
    in terms of : con respecto a, en cuanto a
    term (Of a contract, etc.)
    n.
    • condición s.f.
    n.
    • ciclo s.m.
    • condena s.f.
    • mandato s.m.
    • período (Jurisprudencia) s.m.
    • período escolar s.m.
    • plazo s.m.
    • semestre s.m.
    • trimestre s.m.
    • término s.m.
    • vocablo s.m.
    v.
    • calificar v.

    I tɜːrm, tɜːm
    1) noun
    2) ( word) término m

    in general/simple terms — en términos generales/lenguaje sencillo

    3)
    a) ( period) período m, periodo m

    in the short/long term — a corto/largo plazo

    b) (in school, university) trimestre m

    the fall o (BrE) autumn/spring/summer term — el primer/segundo/tercer trimestre

    c) ( to due date) plazo m
    4) terms pl
    ( conditions) condiciones fpl

    on equal terms — en igualdad de condiciones, en pie de igualdad

    terms of reference — ( of an inquiry) competencia f, atribuciones fpl y responsabilidades fpl

    5) ( relations) relaciones fpl

    to be on good/bad terms with somebody — estar* en buenas/malas relaciones con alguien, llevarse bien/mal con alguien

    they were on first name terms — se llamaban por el nombre de pila, ≈se tuteaban

    6)
    a) ( sense)

    in financial/social terms — desde el punto de vista financiero/social

    b)

    in terms of: I was thinking more in terms of... yo estaba pensando más bien en...; in terms of efficiency, our system is superior — en cuanto a eficiencia, nuestro sistema es superior


    II
    transitive verb calificar* de
    [tɜːm]
    1. N
    1) (=period) periodo m, período m ; (as President, governor, mayor) mandato m

    • in the long term — a largo plazo

    • in the longer term — a un plazo más largo

    • in the medium term — a medio plazo

    • during his term of office — bajo su mandato

    he will not seek a third term (of office) as mayor — no irá a por un tercer mandato de alcalde, no renovará por tercera vez su candidatura como alcalde

    • he is currently serving a seven-year prison term — actualmente está cumpliendo una condena de siete años

    • he served two terms as governor — ocupó el cargo de gobernador durante dos periodos de mandato

    • in the short term — a corto plazo

    • despite problems, she carried the baby to term — a pesar de los problemas llevó el embarazo a término

    2) (Educ) trimestre m

    in the autumn or (US) fall/spring/summer term — en el primer/segundo/tercer trimestre

    3) (Comm, Jur, Econ) (=period of validity) plazo m
    4) (=word) término m

    what do you understand by the term "radical"? — ¿qué entiende usted por (el término) "radical"?

    legal/medical terms — términos mpl legales/médicos

    • a term of abuse — un término ofensivo, un insulto

    • he spoke of it only in general terms — solo habló de ello en términos generales

    • he spoke of her in glowing terms — habló de ella en términos muy elogiosos

    • in simple terms — de forma sencilla

    • she condemned the attacks in the strongest terms — condenó los ataques de la forma más enérgica

    • technical term — tecnicismo m, término m técnico

    contradiction, uncertain
    5) (Math, Logic) término m
    6) terms
    a) (=conditions) condiciones fpl, términos mpl

    • to dictate terms (to sb) — poner condiciones (a algn)

    • we offer easy terms — ofrecemos facilidades de pago

    • terms of employment — condiciones fpl de empleo

    • to compete on equal terms — competir en igualdad de condiciones or en pie de igualdad

    • they accepted him on his own terms — lo aceptaron con las condiciones que él había puesto

    • terms of reference — (=brief) [of committee, inquiry] cometido m, instrucciones fpl ; [of study] ámbito m ; (=area of responsibility) responsabilidades fpl, competencia f ; (=common understanding) puntos mpl de referencia

    • terms of sale — condiciones fpl de venta

    • terms of trade — condiciones fpl de transacción

    - come to terms with sth
    b) (=relations)

    • to be on bad terms with sb — llevarse mal con algn, no tener buenas relaciones con algn

    • we're on first name terms with all the staff — nos tuteamos con todos los empleados

    • she is still on friendly terms with him — todavía mantiene una relación amistosa con él

    • to be on good terms with sb — llevarse bien con algn, tener buenas relaciones con algn

    • we're not on speaking terms at the moment — actualmente no nos hablamos

    c) (=sense)

    in terms of: in terms of production we are doing well — en cuanto a la producción vamos bien, por lo que se refiere or por lo que respecta a la producción vamos bien

    • in economic/ political terms — desde el punto de vista económico/político, en términos económicos/políticos

    • in practical terms this means that... — en la práctica esto significa que...

    • in real terms incomes have fallen — en términos reales los ingresos han bajado

    • seen in terms of its environmental impact, the project is a disaster — desde el punto de vista de su impacto en el medio ambiente, el proyecto es un desastre

    • we were thinking more in terms of an au pair — nuestra idea era más una au pair, teníamos en mente a una au pair

    2.
    VT (=designate) calificar de

    the problems of what is now termed "the mixed economy" — los problemas de lo que ahora se da en llamar "la economía mixta"

    3.
    CPD

    term insurance N — seguro m temporal

    term loan N — préstamo m a plazo fijo

    term paper N — (US) trabajo m escrito trimestral

    * * *

    I [tɜːrm, tɜːm]
    1) noun
    2) ( word) término m

    in general/simple terms — en términos generales/lenguaje sencillo

    3)
    a) ( period) período m, periodo m

    in the short/long term — a corto/largo plazo

    b) (in school, university) trimestre m

    the fall o (BrE) autumn/spring/summer term — el primer/segundo/tercer trimestre

    c) ( to due date) plazo m
    4) terms pl
    ( conditions) condiciones fpl

    on equal terms — en igualdad de condiciones, en pie de igualdad

    terms of reference — ( of an inquiry) competencia f, atribuciones fpl y responsabilidades fpl

    5) ( relations) relaciones fpl

    to be on good/bad terms with somebody — estar* en buenas/malas relaciones con alguien, llevarse bien/mal con alguien

    they were on first name terms — se llamaban por el nombre de pila, ≈se tuteaban

    6)
    a) ( sense)

    in financial/social terms — desde el punto de vista financiero/social

    b)

    in terms of: I was thinking more in terms of... yo estaba pensando más bien en...; in terms of efficiency, our system is superior — en cuanto a eficiencia, nuestro sistema es superior


    II
    transitive verb calificar* de

    English-spanish dictionary > term

  • 7 upstream

    1. фаза предконтроля
    2. со стороны линии
    3. со стороны источника питания
    4. против течения
    5. деятельность, включающая поиски и разведку на нефть и газ, бурение и добычу
    6. выше (в биотехнологии)
    7. восходящий поток
    8. восходящий информационный поток

     

    восходящий информационный поток
    —
    [ http://www.lexikon.ru/sputnik.html]

    Тематики

    • электросвязь, основные понятия

    EN

     

    восходящий поток
    восходящее направление передачи
    Направление от абонента(ов) к базовой станции (МСЭ-R F.1399).
    [ http://www.iks-media.ru/glossary/index.html?glossid=2400324]

    Тематики

    • электросвязь, основные понятия

    Синонимы

    EN

     

    выше (в биотехнологии)
    От избранного участка цепи ДНК
    [ http://www.dunwoodypress.com/148/PDF/Biotech_Eng-Rus.pdf]

    Тематики

    EN

     

    деятельность, включающая поиски и разведку на нефть и газ, бурение и добычу
    (в отличие от downstream, которая включает транспортировку, прокладку трубопроводов, нефте- и газопереработку и маркетинг)
    [ http://slovarionline.ru/anglo_russkiy_slovar_neftegazovoy_promyishlennosti/]

    Тематики

    EN

     

    против течения
    вверх по течению
    —
    [ http://slovarionline.ru/anglo_russkiy_slovar_neftegazovoy_promyishlennosti/]

    Тематики

    Синонимы

    EN

     

    со стороны источника питания
    -
    [Интент]

    Параллельные тексты EN-RU

    Installation standards require upstream protection.
    [LS Industrial Systems]

    Стандарты требуют, чтобы электроустановки имели защиту со стороны источника питания.
    [Перевод Интент]

    The MCCBs downstream cannot handle this maximum fault current and rely on the opening of the upstream breaker for protection.
    [LS Industrial Systems]

    Автоматические выключатели < в литом корпусе>, расположенные со стороны нагрузки, не рассчитаны на такой максимальный ток короткого замыкания и защитное отключение цепи производится автоматическим выключателем, расположенным со стороны источника питания.
    [Перевод Интент]

    It must be equal to the cross-section of the installation’s upstream cables.
    [LS Industrial Systems]

    Сечение жил должно быть равно сечению жил кабелей электроустановки, расположенных со стороны источника питания.
    [Перевод Интент]

    The optimum arrangement of this system can be organized with upstream breaker's electronic trip unit which can perform short time delay setting.
    [LS Industrial Systems]

    Лучше всего данному требованию удовлетворяет система, в которой расположенный со стороны источника питания автоматический выключатель оснащен электронным расцепителем с кратковременной задержкой срабатывания.
    [Перевод Интент]

    At the instant of closing a switch to energize a capacitor, the current is limited only by the impedance of the network upstream of the capacitor, so that high peak values of current will occur for a brief period, rapidly falling to normal operating values.
    [LS Industrial Systems]

    В момент включения конденсатора ток ограничивается только полным сопротивлением участка цепи, расположенного со стороны источника питания. Ток принимает максимальное значение только в течение очень короткого времени, а затем быстро уменьшается до обычного рабочего значения.
    [Перевод Интент]

    This is an economical approach to the use of circuit breakers, whereby only the main ( upstream) breaker has adequate interrupting capacity for the maximum available fault current.
    [LS Industrial Systems]

    Данное решение обеспечивает наиболее экономичный способ применения автоматических выключателей, поскольку только главный автоматический выключатель ( расположенный со стороны источника питания) должен иметь отключающую способность, соответствующую максимально возможному току короткого замыкания.
    [Перевод Интент]

    Тематики

    EN

     

    со стороны линии
    1. Поток данных от абонента к центральному узлу. 2. Поток в направлении, противоположном основному трафику.
    [Л.Г.Суменко. Англо-русский словарь по информационным технологиям. М.: ГП ЦНИИС, 2003.]

    Тематики

    EN

    3.9.2 фаза предконтроля (upstream): Действия, процессы и движения груза в цепи поставок, которые происходят прежде, чем груз оказывается под непосредственным оперативным контролем организации, включая страхование, финансирование, управление данными, а также упаковку, хранение и перемещение груза, но не ограничиваясь этим.

    Примечание - Высшее руководство, особенно большой транснациональной организации, может не рассматриваться в личном плане как элемент, входящий в систему, описываемую настоящим стандартом; однако ответственность высшего руководства на всех уровнях системы должна четко прослеживаться.

    Источник: ГОСТ Р 53661-2009: Система менеджмента безопасности цепи поставок. Руководство по внедрению оригинал документа

    3.9.2 фаза предконтроля (upstream): Действия, процессы и движения груза в цепи поставок, которые происходят прежде, чем груз оказывается под непосредственным оперативным контролем организации, включая страхование, финансирование, управление данными, а также упаковку, хранение и перемещение груза, но не ограничиваясь этим.

    Источник: ГОСТ Р 53663-2009: Система менеджмента безопасности цепи поставок. Требования оригинал документа

    Англо-русский словарь нормативно-технической терминологии > upstream

  • 8 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, 714-1140
       The 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, 1140-1385
       Two 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 in
       Portugal (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, 1385-1580
       The 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, 1580-1640
       Despite 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, 1640-1822
       Foreign 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 the
       Church (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, 1822-1910
       During 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, 1910-26
       Portugal'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), 1926-74
       During 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, 1974-76
       Following 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 until
       UN intervention in September 1999. Following UN rule for several years, East Timor attained full independence on 20 May 2002.
       Consolidation of Democracy, 1976-2000
       After 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.

    Historical dictionary of Portugal > Historical Portugal

  • 9 near cash

    !
    гос. фин. The resource budget contains a separate control total for “near cash” expenditure, that is expenditure such as pay and current grants which impacts directly on the measure of the golden rule.
    This paper provides background information on the framework for the planning and control of public expenditure in the UK which has been operated since the 1998 Comprehensive Spending Review (CSR). It sets out the different classifications of spending for budgeting purposes and why these distinctions have been adopted. It discusses how the public expenditure framework is designed to ensure both sound public finances and an outcome-focused approach to public expenditure.
    The UK's public spending framework is based on several key principles:
    "
    consistency with a long-term, prudent and transparent regime for managing the public finances as a whole;
    " "
    the judgement of success by policy outcomes rather than resource inputs;
    " "
    strong incentives for departments and their partners in service delivery to plan over several years and plan together where appropriate so as to deliver better public services with greater cost effectiveness; and
    "
    the proper costing and management of capital assets to provide the right incentives for public investment.
    The Government sets policy to meet two firm fiscal rules:
    "
    the Golden Rule states that over the economic cycle, the Government will borrow only to invest and not to fund current spending; and
    "
    the Sustainable Investment Rule states that net public debt as a proportion of GDP will be held over the economic cycle at a stable and prudent level. Other things being equal, net debt will be maintained below 40 per cent of GDP over the economic cycle.
    Achievement of the fiscal rules is assessed by reference to the national accounts, which are produced by the Office for National Statistics, acting as an independent agency. The Government sets its spending envelope to comply with these fiscal rules.
    Departmental Expenditure Limits ( DEL) and Annually Managed Expenditure (AME)
    "
    Departmental Expenditure Limit ( DEL) spending, which is planned and controlled on a three year basis in Spending Reviews; and
    "
    Annually Managed Expenditure ( AME), which is expenditure which cannot reasonably be subject to firm, multi-year limits in the same way as DEL. AME includes social security benefits, local authority self-financed expenditure, debt interest, and payments to EU institutions.
    More information about DEL and AME is set out below.
    In Spending Reviews, firm DEL plans are set for departments for three years. To ensure consistency with the Government's fiscal rules departments are set separate resource (current) and capital budgets. The resource budget contains a separate control total for “near cash” expenditure, that is expenditure such as pay and current grants which impacts directly on the measure of the golden rule.
    To encourage departments to plan over the medium term departments may carry forward unspent DEL provision from one year into the next and, subject to the normal tests for tautness and realism of plans, may be drawn down in future years. This end-year flexibility also removes any incentive for departments to use up their provision as the year end approaches with less regard to value for money. For the full benefits of this flexibility and of three year plans to feed through into improved public service delivery, end-year flexibility and three year budgets should be cascaded from departments to executive agencies and other budget holders.
    Three year budgets and end-year flexibility give those managing public services the stability to plan their operations on a sensible time scale. Further, the system means that departments cannot seek to bid up funds each year (before 1997, three year plans were set and reviewed in annual Public Expenditure Surveys). So the credibility of medium-term plans has been enhanced at both central and departmental level.
    Departments have certainty over the budgetary allocation over the medium term and these multi-year DEL plans are strictly enforced. Departments are expected to prioritise competing pressures and fund these within their overall annual limits, as set in Spending Reviews. So the DEL system provides a strong incentive to control costs and maximise value for money.
    There is a small centrally held DEL Reserve. Support from the Reserve is available only for genuinely unforeseeable contingencies which departments cannot be expected to manage within their DEL.
    AME typically consists of programmes which are large, volatile and demand-led, and which therefore cannot reasonably be subject to firm multi-year limits. The biggest single element is social security spending. Other items include tax credits, Local Authority Self Financed Expenditure, Scottish Executive spending financed by non-domestic rates, and spending financed from the proceeds of the National Lottery.
    AME is reviewed twice a year as part of the Budget and Pre-Budget Report process reflecting the close integration of the tax and benefit system, which was enhanced by the introduction of tax credits.
    AME is not subject to the same three year expenditure limits as DEL, but is still part of the overall envelope for public expenditure. Affordability is taken into account when policy decisions affecting AME are made. The Government has committed itself not to take policy measures which are likely to have the effect of increasing social security or other elements of AME without taking steps to ensure that the effects of those decisions can be accommodated prudently within the Government's fiscal rules.
    Given an overall envelope for public spending, forecasts of AME affect the level of resources available for DEL spending. Cautious estimates and the AME margin are built in to these AME forecasts and reduce the risk of overspending on AME.
    Together, DEL plus AME sum to Total Managed Expenditure (TME). TME is a measure drawn from national accounts. It represents the current and capital spending of the public sector. The public sector is made up of central government, local government and public corporations.
    Resource and Capital Budgets are set in terms of accruals information. Accruals information measures resources as they are consumed rather than when the cash is paid. So for example the Resource Budget includes a charge for depreciation, a measure of the consumption or wearing out of capital assets.
    "
    Non cash charges in budgets do not impact directly on the fiscal framework. That may be because the national accounts use a different way of measuring the same thing, for example in the case of the depreciation of departmental assets. Or it may be that the national accounts measure something different: for example, resource budgets include a cost of capital charge reflecting the opportunity cost of holding capital; the national accounts include debt interest.
    "
    Within the Resource Budget DEL, departments have separate controls on:
    "
    Near cash spending, the sub set of Resource Budgets which impacts directly on the Golden Rule; and
    "
    The amount of their Resource Budget DEL that departments may spend on running themselves (e.g. paying most civil servants’ salaries) is limited by Administration Budgets, which are set in Spending Reviews. Administration Budgets are used to ensure that as much money as practicable is available for front line services and programmes. These budgets also help to drive efficiency improvements in departments’ own activities. Administration Budgets exclude the costs of frontline services delivered directly by departments.
    The Budget preceding a Spending Review sets an overall envelope for public spending that is consistent with the fiscal rules for the period covered by the Spending Review. In the Spending Review, the Budget AME forecast for year one of the Spending Review period is updated, and AME forecasts are made for the later years of the Spending Review period.
    The 1998 Comprehensive Spending Review ( CSR), which was published in July 1998, was a comprehensive review of departmental aims and objectives alongside a zero-based analysis of each spending programme to determine the best way of delivering the Government's objectives. The 1998 CSR allocated substantial additional resources to the Government's key priorities, particularly education and health, for the three year period from 1999-2000 to 2001-02.
    Delivering better public services does not just depend on how much money the Government spends, but also on how well it spends it. Therefore the 1998 CSR introduced Public Service Agreements (PSAs). Each major government department was given its own PSA setting out clear targets for achievements in terms of public service improvements.
    The 1998 CSR also introduced the DEL/ AME framework for the control of public spending, and made other framework changes. Building on the investment and reforms delivered by the 1998 CSR, successive spending reviews in 2000, 2002 and 2004 have:
    "
    provided significant increase in resources for the Government’s priorities, in particular health and education, and cross-cutting themes such as raising productivity; extending opportunity; and building strong and secure communities;
    " "
    enabled the Government significantly to increase investment in public assets and address the legacy of under investment from past decades. Departmental Investment Strategies were introduced in SR2000. As a result there has been a steady increase in public sector net investment from less than ¾ of a per cent of GDP in 1997-98 to 2¼ per cent of GDP in 2005-06, providing better infrastructure across public services;
    " "
    introduced further refinements to the performance management framework. PSA targets have been reduced in number over successive spending reviews from around 300 to 110 to give greater focus to the Government’s highest priorities. The targets have become increasingly outcome-focused to deliver further improvements in key areas of public service delivery across Government. They have also been refined in line with the conclusions of the Devolving Decision Making Review to provide a framework which encourages greater devolution and local flexibility. Technical Notes were introduced in SR2000 explaining how performance against each PSA target will be measured; and
    "
    not only allocated near cash spending to departments, but also – since SR2002 - set Resource DEL plans for non cash spending.
    To identify what further investments and reforms are needed to equip the UK for the global challenges of the decade ahead, on 19 July 2005 the Chief Secretary to the Treasury announced that the Government intends to launch a second Comprehensive Spending Review (CSR) reporting in 2007.
    A decade on from the first CSR, the 2007 CSR will represent a long-term and fundamental review of government expenditure. It will cover departmental allocations for 2008-09, 2009-10 and 2010 11. Allocations for 2007-08 will be held to the agreed figures already announced by the 2004 Spending Review. To provide a rigorous analytical framework for these departmental allocations, the Government will be taking forward a programme of preparatory work over 2006 involving:
    "
    an assessment of what the sustained increases in spending and reforms to public service delivery have achieved since the first CSR. The assessment will inform the setting of new objectives for the decade ahead;
    " "
    an examination of the key long-term trends and challenges that will shape the next decade – including demographic and socio-economic change, globalisation, climate and environmental change, global insecurity and technological change – together with an assessment of how public services will need to respond;
    " "
    to release the resources needed to address these challenges, and to continue to secure maximum value for money from public spending over the CSR period, a set of zero-based reviews of departments’ baseline expenditure to assess its effectiveness in delivering the Government’s long-term objectives; together with
    "
    further development of the efficiency programme, building on the cross cutting areas identified in the Gershon Review, to embed and extend ongoing efficiency savings into departmental expenditure planning.
    The 2007 CSR also offers the opportunity to continue to refine the PSA framework so that it drives effective delivery and the attainment of ambitious national standards.
    Public Service Agreements (PSAs) were introduced in the 1998 CSR. They set out agreed targets detailing the outputs and outcomes departments are expected to deliver with the resources allocated to them. The new spending regime places a strong emphasis on outcome targets, for example in providing for better health and higher educational standards or service standards. The introduction in SR2004 of PSA ‘standards’ will ensure that high standards in priority areas are maintained.
    The Government monitors progress against PSA targets, and departments report in detail twice a year in their annual Departmental Reports (published in spring) and in their autumn performance reports. These reports provide Parliament and the public with regular updates on departments’ performance against their targets.
    Technical Notes explain how performance against each PSA target will be measured.
    To make the most of both new investment and existing assets, there needs to be a coherent long term strategy against which investment decisions are taken. Departmental Investment Strategies (DIS) set out each department's plans to deliver the scale and quality of capital stock needed to underpin its objectives. The DIS includes information about the department's existing capital stock and future plans for that stock, as well as plans for new investment. It also sets out the systems that the department has in place to ensure that it delivers its capital programmes effectively.
    This document was updated on 19 December 2005.
    Near-cash resource expenditure that has a related cash implication, even though the timing of the cash payment may be slightly different. For example, expenditure on gas or electricity supply is incurred as the fuel is used, though the cash payment might be made in arrears on aquarterly basis. Other examples of near-cash expenditure are: pay, rental.Net cash requirement the upper limit agreed by Parliament on the cash which a department may draw from theConsolidated Fund to finance the expenditure within the ambit of its Request forResources. It is equal to the agreed amount of net resources and net capital less non-cashitems and working capital.Non-cash cost costs where there is no cash transaction but which are included in a body’s accounts (or taken into account in charging for a service) to establish the true cost of all the resourcesused.Non-departmental a body which has a role in the processes of government, but is not a government public body, NDPBdepartment or part of one. NDPBs accordingly operate at arm’s length from governmentMinisters.Notional cost of a cost which is taken into account in setting fees and charges to improve comparability with insuranceprivate sector service providers.The charge takes account of the fact that public bodies donot generally pay an insurance premium to a commercial insurer.the independent body responsible for collecting and publishing official statistics about theUK’s society and economy. (At the time of going to print legislation was progressing tochange this body to the Statistics Board).Office of Government an office of the Treasury, with a status similar to that of an agency, which aims to maximise Commerce, OGCthe government’s purchasing power for routine items and combine professional expertiseto bear on capital projects.Office of the the government department responsible for discharging the Paymaster General’s statutoryPaymaster General,responsibilities to hold accounts and make payments for government departments and OPGother public bodies.Orange bookthe informal title for Management of Risks: Principles and Concepts, which is published by theTreasury for the guidance of public sector bodies.Office for NationalStatistics, ONS60Managing Public Money
    ————————————————————————————————————————
    "
    GLOSSARYOverdraftan account with a negative balance.Parliament’s formal agreement to authorise an activity or expenditure.Prerogative powerspowers exercisable under the Royal Prerogative, ie powers which are unique to the Crown,as contrasted with common-law powers which may be available to the Crown on the samebasis as to natural persons.Primary legislationActs which have been passed by the Westminster Parliament and, where they haveappropriate powers, the Scottish Parliament and the Northern Ireland Assembly. Begin asBills until they have received Royal Assent.arrangements under which a public sector organisation contracts with a private sectorentity to construct a facility and provide associated services of a specified quality over asustained period. See annex 7.5.Proprietythe principle that patterns of resource consumption should respect Parliament’s intentions,conventions and control procedures, including any laid down by the PAC. See box 2.4.Public Accountssee Committee of Public Accounts.CommitteePublic corporationa trading body controlled by central government, local authority or other publiccorporation that has substantial day to day operating independence. See section 7.8.Public Dividend finance provided by government to public sector bodies as an equity stake; an alternative to Capital, PDCloan finance.Public Service sets out what the public can expect the government to deliver with its resources. EveryAgreement, PSAlarge government department has PSA(s) which specify deliverables as targets or aimsrelated to objectives.a structured arrangement between a public sector and a private sector organisation tosecure an outcome delivering good value for money for the public sector. It is classified tothe public or private sector according to which has more control.Rate of returnthe financial remuneration delivered by a particular project or enterprise, expressed as apercentage of the net assets employed.Regularitythe principle that resource consumption should accord with the relevant legislation, therelevant delegated authority and this document. See box 2.4.Request for the functional level into which departmental Estimates may be split. RfRs contain a number Resources, RfRof functions being carried out by the department in pursuit of one or more of thatdepartment’s objectives.Resource accountan accruals account produced in line with the Financial Reporting Manual (FReM).Resource accountingthe system under which budgets, Estimates and accounts are constructed in a similar wayto commercial audited accounts, so that both plans and records of expenditure allow in fullfor the goods and services which are to be, or have been, consumed – ie not just the cashexpended.Resource budgetthe means by which the government plans and controls the expenditure of resources tomeet its objectives.Restitutiona legal concept which allows money and property to be returned to its rightful owner. Ittypically operates where another person can be said to have been unjustly enriched byreceiving such monies.Return on capital the ratio of profit to capital employed of an accounting entity during an identified period.employed, ROCEVarious measures of profit and of capital employed may be used in calculating the ratio.Public Privatepartnership, PPPPrivate Finance Initiative, PFIParliamentaryauthority61Managing Public Money
    "
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    GLOSSARYRoyal charterthe document setting out the powers and constitution of a corporation established underprerogative power of the monarch acting on Privy Council advice.Second readingthe second formal time that a House of Parliament may debate a bill, although in practicethe first substantive debate on its content. If successful, it is deemed to denoteParliamentary approval of the principle of the proposed legislation.Secondary legislationlaws, including orders and regulations, which are made using powers in primary legislation.Normally used to set out technical and administrative provision in greater detail thanprimary legislation, they are subject to a less intense level of scrutiny in Parliament.European legislation is,however,often implemented in secondary legislation using powers inthe European Communities Act 1972.Service-level agreement between parties, setting out in detail the level of service to be performed.agreementWhere agreements are between central government bodies, they are not legally a contractbut have a similar function.Shareholder Executive a body created to improve the government’s performance as a shareholder in businesses.Spending reviewsets out the key improvements in public services that the public can expect over a givenperiod. It includes a thorough review of departmental aims and objectives to find the bestway of delivering the government’s objectives, and sets out the spending plans for the givenperiod.State aidstate support for a domestic body or company which could distort EU competition and sois not usually allowed. See annex 4.9.Statement of Excessa formal statement detailing departments’ overspends prepared by the Comptroller andAuditor General as a result of undertaking annual audits.Statement on Internal an annual statement that Accounting Officers are required to make as part of the accounts Control, SICon a range of risk and control issues.Subheadindividual elements of departmental expenditure identifiable in Estimates as single cells, forexample cell A1 being administration costs within a particular line of departmental spending.Supplyresources voted by Parliament in response to Estimates, for expenditure by governmentdepartments.Supply Estimatesa statement of the resources the government needs in the coming financial year, and forwhat purpose(s), by which Parliamentary authority is sought for the planned level ofexpenditure and income.Target rate of returnthe rate of return required of a project or enterprise over a given period, usually at least a year.Third sectorprivate sector bodies which do not act commercially,including charities,social and voluntaryorganisations and other not-for-profit collectives. See annex 7.7.Total Managed a Treasury budgeting term which covers all current and capital spending carried out by the Expenditure,TMEpublic sector (ie not just by central departments).Trading fundan organisation (either within a government department or forming one) which is largely orwholly financed from commercial revenue generated by its activities. Its Estimate shows itsnet impact, allowing its income from receipts to be devoted entirely to its business.Treasury Minutea formal administrative document drawn up by the Treasury, which may serve a wide varietyof purposes including seeking Parliamentary approval for the use of receipts asappropriations in aid, a remission of some or all of the principal of voted loans, andresponding on behalf of the government to reports by the Public Accounts Committee(PAC).62Managing Public Money
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    GLOSSARY63Managing Public MoneyValue for moneythe process under which organisation’s procurement, projects and processes aresystematically evaluated and assessed to provide confidence about suitability, effectiveness,prudence,quality,value and avoidance of error and other waste,judged for the public sectoras a whole.Virementthe process through which funds are moved between subheads such that additionalexpenditure on one is met by savings on one or more others.Votethe process by which Parliament approves funds in response to supply Estimates.Voted expenditureprovision for expenditure that has been authorised by Parliament. Parliament ‘votes’authority for public expenditure through the Supply Estimates process. Most expenditureby central government departments is authorised in this way.Wider market activity activities undertaken by central government organisations outside their statutory duties,using spare capacity and aimed at generating a commercial profit. See annex 7.6.Windfallmonies received by a department which were not anticipated in the spending review.
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    Англо-русский экономический словарь > near cash

  • 10 time

    time [taɪm]
    ━━━━━━━━━━━━━━━━━
    1. noun
    ━━━━━━━━━━━━━━━━━
    1. noun
       a. temps m
    • have you got time to wait for me? est-ce que tu as le temps de m'attendre ?
    ► all the time ( = always) tout le temps ; ( = all along) depuis le début
    • I've no time for that sort of thing ( = too busy) je n'ai pas de temps pour ça ; ( = not interested) ce genre d'histoire ne m'intéresse pas
    • what a long time you've been! il vous en a fallu du temps !
    • for a short time we thought that... pendant un moment nous avons pensé que...► some time
       c. ( = period worked) to work full time travailler à plein temps
    • we get paid time and a half on Saturdays le samedi, nous sommes payés une fois et demie le tarif normal
       d. ( = day) temps m
    • to move with the times [person] vivre avec son temps ; [company, institution] (savoir) évoluer
    • what great times we've had! c'était le bon temps !
       f. (by clock) heure f
    • what time is it? quelle heure est-il ?
    • what time is he arriving? à quelle heure est-ce qu'il arrive ?
    • the time is 4.30 il est 4 heures et demie
    • your time is up (in exam, prison visit) c'est l'heure ; (in game) votre temps est écoulé
    • it's midnight by Eastern time (US) il est minuit, heure de la côte est
    ► preposition + time
    • just in time (for sth/to do sth) juste à temps (pour qch/pour faire qch)
       g. ( = moment) moment m
    • by the time I had finished, it was dark le temps que je termine, il faisait nuit
    • some times... at other times des fois... des fois
    • the time has come to decide... il est temps de décider...
       h. ( = occasion) fois f
    • the times I've told him that! je le lui ai dit je ne sais combien de fois !
       i. (multiplying) fois f
    • ten times the size of... dix fois plus grand que...
       j. (Music) mesure f
    • in time en mesure (to, with avec)
       a. ( = choose time of) [+ visit] choisir le moment de
    • well-timed [remark, entrance] tout à fait opportun
       b. ( = count time of) [+ race, runner, worker] chronométrer ; [+ programme, piece of work] minuter
    ► time limit noun ( = restricted period) limite f de temps ; ( = deadline) date f limite
    ► time switch noun [of electrical apparatus] minuteur m ; (for lighting) minuterie f
    ► time trial noun (Motor racing, cycling) contre-la-montre m inv
    * * *
    [taɪm] 1.
    1) ( continuum) temps m

    in ou with time —

    as time goes/went by — avec le temps

    2) ( specific duration) temps m

    flight/journey time — durée f du vol/voyage

    you've got all the time in the world —

    you took a long time! —

    in no time at all —

    in five days'/weeks' time — dans cinq jours/semaines

    in your own time — ( at your own pace) à ton rythme; ( outside working hours) en dehors des heures de travail

    3) (hour of the day, night) heure f

    what time is it? —

    10 am French time — 10 heures, heure française

    this time last week/year — il y a exactement huit jours/un an

    the train times — les horaires mpl des trains

    to lose time — [clock] retarder

    not before time! — il était (or il est) grand temps!

    4) (era, epoch) époque f

    time was ou there was a time when one could... — à une certaine époque on pouvait...

    to keep up ou move with the times — être à la page

    in times past —

    it was before my time — ( before my birth) je n'étais pas encore né; ( before I came here) je n'étais pas encore ici

    5) ( moment) moment m

    from that ou this time on — à partir de ce moment

    6) ( occasion) fois f

    time after time —

    to have a tough ou hard time doing — avoir du mal à faire

    he's having a rough ou hard ou tough time — il traverse une période difficile

    the good/bad times — les moments heureux/difficiles

    to work/be paid time — travailler/être payé à l'heure

    9) Music mesure f

    to beat ou mark time — battre la mesure

    10) Sport temps m
    11) Mathematics, fig

    ten times longer/stronger — dix fois plus long/plus fort

    2.
    1) ( schedule) gen prévoir; fixer [appointment, meeting]

    to be well-/badly-timed — être opportun/inopportun

    2) ( judge) calculer [blow, shot]
    3) (measure speed, duration) chronométrer [athlete, cyclist]; mesurer la durée de [journey, speech]
    3.
    ••

    to have time on one's hands — ( for brief period) avoir du temps devant soi; ( longer) avoir beaucoup de temps libre

    to do time — (colloq) ( prison) faire de la taule (colloq)

    long time no see! — (colloq) ça fait un bail (colloq) (qu'on ne s'est pas vu)!

    English-French dictionary > time

  • 11 Education

       In Portugal's early history, education was firmly under the control of the Catholic Church. The earliest schools were located in cathedrals and monasteries and taught a small number of individuals destined for ecclesiastical office. In 1290, a university was established by King Dinis (1261-1325) in Lisbon, but was moved to Coimbra in 1308, where it remained. Coimbra University, Portugal's oldest, and once its most prestigious, was the educational cradle of Portugal's leadership. From 1555 until the 18th century, primary and secondary education was provided by the Society of Jesus (Jesuits). The Catholic Church's educational monopoly was broken when the Marquis of Pombal expelled the Jesuits in 1759 and created the basis for Portugal's present system of public, secular primary and secondary schools. Pombal introduced vocational training, created hundreds of teaching posts, added departments of mathematics and natural sciences at Coimbra University, and established an education tax to pay for them.
       During the 19th century, liberals attempted to reform Portugal's educational system, which was highly elitist and emphasized rote memorization and respect for authority, hierarchy, and discipline.
       Reforms initiated in 1822, 1835, and 1844 were never actualized, however, and education remained unchanged until the early 20th century. After the overthrow of the monarchy on the Fifth of October 1910 by Republican military officers, efforts to reform Portugal's educational system were renewed. New universities were founded in Lisbon and Oporto, a Ministry of Education was established, and efforts were made to increase literacy (illiteracy rates being 80 percent) and to resecularize educational content by introducing more scientific and empirical methods into the curriculum.
       Such efforts were ended during the military dictatorship (192632), which governed Portugal until the establishment of the Estado Novo (1926-74). Although a new technical university was founded in Lisbon in 1930, little was done during the Estado Novo to modernize education or to reduce illiteracy. Only in 1964 was compulsory primary education made available for children between the ages of 6 and 12.
       The Revolution of 25 April 1974 disrupted Portugal's educational system. For a period of time after the Revolution, students, faculty, and administrators became highly politicized as socialists, communists, and other groups attempted to gain control of the schools. During the 1980s, as Portuguese politics moderated, the educational system was gradually depoliticized, greater emphasis was placed on learning, and efforts were made to improve the quality of Portuguese schools.
       Primary education in Portugal consists of four years in the primary (first) cycle and two years in the preparatory, or second, cycle. The preparatory cycle is intended for children going on to secondary education. Secondary education is roughly equivalent to junior and senior high schools in the United States. It consists of three years of a common curriculum and two years of complementary courses (10th and 11th grades). A final year (12th grade) prepares students to take university entrance examinations.
       Vocational education was introduced in 1983. It consists of a three-year course in a particular skill after the 11th grade of secondary school.
       Higher education is provided by the four older universities (Lisbon, Coimbra, Oporto, and the Technical University of Lisbon), as well as by six newer universities, one in Lisbon and the others in Minho, Aveiro, Évora, the Algarve, and the Azores. There is also a private Catholic university in Lisbon. Admission to Portuguese universities is highly competitive, and places are limited. About 10 percent of secondary students go on to university education. The average length of study at the university is five years, after which students receive their licentiate. The professoriate has four ranks (professors, associate professors, lecturers, and assistants). Professors have tenure, while the other ranks teach on contract.
       As Portugal is a unitary state, the educational system is highly centralized. All public primary and secondary schools, universities, and educational institutes are under the purview of the Ministry of Education, and all teachers and professors are included in the civil service and receive pay and pension like other civil servants. The Ministry of Education hires teachers, determines curriculum, sets policy, and pays for the building and upkeep of schools. Local communities have little say in educational matters.

    Historical dictionary of Portugal > Education

  • 12 Daguerre, Louis Jacques Mandé

    [br]
    b. 18 November 1787 Carmeilles-en-Parisis, France
    d. 10 July 1851 Petit-Bry-sur-Marne, France
    [br]
    French inventor of the first practicable photographic process.
    [br]
    The son of a minor official in a magistrate's court, Daguerre showed an early aptitude for drawing. He was first apprenticed to an architect, but in 1804 he moved to Paris to learn the art of stage design. He was particularly interested in perspective and lighting, and later showed great ingenuity in lighting stage sets. Fascinated by a popular form of entertainment of the period, the panorama, he went on to create a variant of it called the diorama. It is assumed that he used a camera obscura for perspective drawings and, by purchasing it from the optician Chevalier, he made contact with Joseph Nicéphore Niepce. In 1829 Niepce and Daguerre entered into a formal partnership to perfect Niepce's heliographic process, but the partnership was dissolved when Niepce died in 1833, when only limited progress had been made. Daguerre continued experimenting alone, however, using iodine and silver plates; by 1837 he had discovered that images formed in the camera obscura could be developed by mercury vapour and fixed with a hot salt solution. After unsuccessfully attempting to sell his process, Daguerre approached F.J.D. Arago, of the Académie des Sciences, who announced the discovery in 1839. Details of Daguerre's work were not published until August of that year when the process was presented free to the world, except England. With considerable business acumen, Daguerre had quietly patented the process through an agent, Miles Berry, in London a few days earlier. He also granted a monopoly to make and sell his camera to a Monsieur Giroux, a stationer by trade who happened to be a relation of Daguerre's wife. The daguerreotype process caused a sensation when announced. Daguerre was granted a pension by a grateful government and honours were showered upon him all over the world. It was a direct positive process on silvered copper plates and, in fact, proved to be a technological dead end. The future was to lie with negative-positive photography devised by Daguerre's British contemporary, W.H.F. Talbot, although Daguerre's was the first practicable photographic process to be announced. It captured the public's imagination and in an improved form was to dominate professional photographic practice for more than a decade.
    [br]
    Principal Honours and Distinctions
    Officier de la Légion d'honneur 1839. Honorary FRS 1839. Honorary Fellow of the National Academy of Design, New York, 1839. Honorary Fellow of the Vienna Academy 1843. Pour le Mérite, bestowed by Frederick William IV of Prussia, 1843.
    Bibliography
    14 August 1839, British patent no. 8,194 (daguerrotype photographic process).
    The announcement and details of Daguerre's invention were published in both serious and popular English journals. See, for example, 1839 publications of Athenaeum, Literary Gazette, Magazine of Science and Mechanics Magazine.
    Further Reading
    H.Gernsheim and A.Gernsheim, 1956, L.J.M. Daguerre (the standard account of Daguerre's work).
    —1969, The History of Photography, rev. edn, London (a very full account).
    J.M.Eder, 1945, History of Photography, trans. E. Epstean, New York (a very full account).
    JW

    Biographical history of technology > Daguerre, Louis Jacques Mandé

  • 13 interest

    сущ.
    сокр. Int
    1)
    а) общ. интерес, заинтересованность

    to be of interest to smb. — представлять интерес для кого-л.

    to hold interest — поддерживать [удерживать\] интерес

    Syn:
    concern, curiosity
    See:
    б) общ. увлечение, интересы

    community of interest — сообщество [группа\] по интересам, сообщество интересов

    2) общ. выгода, польза, преимущество, интерес

    to protect [defend, safeguard, guard\] smb.'s interests — защищать [отстаивать\] чьи-л. интересы

    in smb's interests — в чьих-л. интересах

    in (the) interest(s) of smb./smth. — в интересах кого-л./чего-л.

    We are acting in the best interest of our customers. — Мы действуем в наилучших интересах наших клиентов.

    Syn:
    advantage, benefit, good, profit
    See:
    3) общ., мн. круги (лица, объединенные общими деловыми или профессиональными интересами)

    moneyed interests — денежные [богатые, финансовые\] круги

    wealthy interests — состоятельные [богатые\] круги

    See:
    4)
    а) эк. доля, участие в собственности [прибыли\] (об участии во владении каким-л. имуществом или каким-л. предприятием; права собственности на какое-л. имущество или на часть в чем-л.)

    to buy [purchase, acquire\] a controlling interest — покупать [приобретать\] контрольный пакет акций [контрольную долю\]

    to sell a controlling interest — продавать контрольный пакет акций [контрольную долю\]

    to own an interest — иметь долю, владеть долей (напр. в бизнесе)

    half interest — половинная доля, половина

    She owned a half interest in the home. — Ей принадлежало право собственности на половину дома.

    30% interest — 30-процентная доля

    He holds a 30% interest in the gold mine. — Он владеет 30-процентной долей в золотой шахте.

    Syn:
    See:
    б) эк., юр. имущественное право (право лица владеть, пользоваться и распоряжаться каким-л. имуществом в пределах, установленных законом)

    to disclaim [renounce\] interest — отказаться от права (собственности)

    Interest may be a property right to land, but it's not a right to absolute ownership of land. — Имущественное право может быть правом собственности на землю, но оно не является абсолютным правом собственности на землю.

    See:
    5)
    а) фин., банк. процент, процентный доход (доход, получаемый с вложенного капитала и измеряемый как доля от его величины)

    interest on deposits — процент по депозитам [вкладам\]

    to bear [to yield, to carry, to produce\] interest — приносить процент [процентный доход\] ( о финансовом активе)

    The loan will carry interest of LIBOR plus 3.8 percent. — Заем принесет процент по ставке ЛИБОР плюс 3,8%.

    to invest at interest — вкладывать деньги [инвестировать\] под проценты

    The interest accrued to our account. — На нашем счету накопились проценты.

    This is a flexible account that allows you to accrue interest on your balance with limited check writing. — Это гибкий счет, который позволяет вам получать проценты на остаток средств при ограниченной выписке чеков.

    See:
    after-tax interest, daily interest, and interest, interest coupon, interest in possession trust, interest income, interest period, interest return, interest yield, interest spread, interest warrant, interest-bearing, interest-free, interest-only strip, interest-paying, accreted interest, accrued interest, accumulated interest, added interest, annual interest, any-interest-date call, area of interest fund, bearing interest, bearing no interest, bond interest, broken period interest, carried interest, cash flow interest coverage ratio, cash interest coverage ratio, deferred interest bond, draw interest, earn interest, field of interest fund, foreign interest payment security, income from interest, liquidity preference theory of interest, separate trading of registered interest and principal of securities
    б) фин., банк. (ссудный) процент (стоимость использования заемных денег; выражается в виде процентной доли от величины займа за определенный период)

    Banks create money and lend it at interest. — Банки создают деньги и ссужают их под процент.

    to pay [to pay out\] interests — платить [выплачивать\] проценты

    to calculate [to compute\] interest — вычислять [рассчитывать, подсчитывать\] проценты

    computation of interest, calculation of interest, interest calculation, interest computation — расчет процентов

    date from which interest is computed — дата, с которой начисляются [рассчитываются\] проценты

    interest payment, payment of interest — процентный платеж, процентная выплата, выплата процентов

    And, until you attain age 59½, sever employment, die or become disabled, the loans will continue to accrue interest. — И, до тех пор, пока вы не достигнете возраста 59,5 лет, прекратите работать, умрете или станете нетрудоспособным, по кредитам будут продолжать начисляться проценты.

    Under Late Payment Legislation, for business-to-business debts, you can recover interest at 4% above the base rate. — В соответствии с законодательством о просроченных платежах, для долговых операций между предприятиями вы можете взыскивать процент в размере базовой процентной ставки плюс 4%.

    See:
    в) фин., банк. = interest rate
    See:
    г) общ. избыток, излишек; навар ( о щедрой благодарности)

    to repay smb. with interest — отплатить кому-л. с лихвой

    She returned our favour with interest. — Она щедро отблагодарила нас за оказанную ей любезность.


    * * *
    interest; Int 1) процент: сумма, уплачиваемая должником кредитору за пользование деньгами последнего; стоимость использования денег; выражается в виде процентной ставки за определенный период, обычно год; 2) участие в капитале; капиталовложение; акция; титул собственности.
    * * *
    Проценты/участие (в капитале)
    . Цена, выплачиваемая за получение денежного кредита. Выражается в виде процентной ставки на определенный период времени и отражает курс обмена текущего потребления на будущее потребление. Также: доля в собственности/право собственности . интерес; вещные права; имущественные права; пай Инвестиционная деятельность .
    * * *
    выражение главного содержания отношения данного лица к имуществу, которое является объектом страхования, права на него или обязательству к нему
    -----
    Банки/Банковские операции
    процент, процентный доход
    см. - per cent

    Англо-русский экономический словарь > interest

  • 14 Herbert, Edward Geisler

    [br]
    b. 23 March 1869 Dedham, near Colchester, Essex, England
    d. 9 February 1938 West Didsbury, Manchester, England
    [br]
    English engineer, inventor of the Rapidor saw and the Pendulum Hardness Tester, and pioneer of cutting tool research.
    [br]
    Edward Geisler Herbert was educated at Nottingham High School in 1876–87, and at University College, London, in 1887–90, graduating with a BSc in Physics in 1889 and remaining for a further year to take an engineering course. He began his career as a premium apprentice at the Nottingham works of Messrs James Hill \& Co, manufacturers of lace machinery. In 1892 he became a partner with Charles Richardson in the firm of Richardson \& Herbert, electrical engineers in Manchester, and when this partnership was dissolved in 1895 he carried on the business in his own name and began to produce machine tools. He remained as Managing Director of this firm, reconstituted in 1902 as a limited liability company styled Edward G.Herbert Ltd, until his retirement in 1928. He was joined by Charles Fletcher (1868–1930), who as joint Managing Director contributed greatly to the commercial success of the firm, which specialized in the manufacture of small machine tools and testing machinery.
    Around 1900 Herbert had discovered that hacksaw machines cut very much quicker when only a few teeth are in operation, and in 1902 he patented a machine which utilized this concept by automatically changing the angle of incidence of the blade as cutting proceeded. These saws were commercially successful, but by 1912, when his original patents were approaching expiry, Herbert and Fletcher began to develop improved methods of applying the rapid-saw concept. From this work the well-known Rapidor and Manchester saws emerged soon after the First World War. A file-testing machine invented by Herbert before the war made an autographic record of the life and performance of the file and brought him into close contact with the file and tool steel manufacturers of Sheffield. A tool-steel testing machine, working like a lathe, was introduced when high-speed steel had just come into general use, and Herbert became a prominent member of the Cutting Tools Research Committee of the Institution of Mechanical Engineers in 1919, carrying out many investigations for that body and compiling four of its Reports published between 1927 and 1933. He was the first to conceive the idea of the "tool-work" thermocouple which allowed cutting tool temperatures to be accurately measured. For this advance he was awarded the Thomas Hawksley Gold Medal of the Institution in 1926.
    His best-known invention was the Pendulum Hardness Tester, introduced in 1923. This used a spherical indentor, which was rolled over, rather than being pushed into, the surface being examined, by a small, heavy, inverted pendulum. The period of oscillation of this pendulum provided a sensitive measurement of the specimen's hardness. Following this work Herbert introduced his "Cloudburst" surface hardening process, in which hardened steel engineering components were bombarded by steel balls moving at random in all directions at very high velocities like gaseous molecules. This treatment superhardened the surface of the components, improved their resistance to abrasion, and revealed any surface defects. After bombardment the hardness of the superficially hardened layers increased slowly and spontaneously by a room-temperature ageing process. After his retirement in 1928 Herbert devoted himself to a detailed study of the influence of intense magnetic fields on the hardening of steels.
    Herbert was a member of several learned societies, including the Manchester Association of Engineers, the Institute of Metals, the American Society of Mechanical Engineers and the Institution of Mechanical Engineers. He retained a seat on the Board of his company from his retirement until the end of his life.
    [br]
    Principal Honours and Distinctions
    Manchester Association of Engineers Butterworth Gold Medal 1923. Institution of Mechanical Engineers Thomas Hawksley Gold Medal 1926.
    Bibliography
    E.G.Herbert obtained several British and American patents and was the author of many papers, which are listed in T.M.Herbert (ed.), 1939, "The inventions of Edward Geisler Herbert: an autobiographical note", Proceedings of the Institution of Mechanical Engineers 141: 59–67.
    ASD / RTS

    Biographical history of technology > Herbert, Edward Geisler

  • 15 Richard of Wallingford, Abbot

    SUBJECT AREA: Horology
    [br]
    b. 1291/2 Wallingford, England
    d. 23 May 1336 St Albans, Hertfordshire, England
    [br]
    English cleric, mathematician and astronomer who produced the earliest mechanical clock of which there is detailed knowledge.
    [br]
    Richard, the son of a blacksmith, was adopted by the Prior of Wallingford when his father died and educated at Oxford. He then joined the monastery at St Albans and was ordained as a priest in 1317. After a further period at Oxford studying mathematics and astronomy he returned to St Albans as Abbot in 1327. Shortly after he had been elected Abbot he started work on a very elaborate astronomical clock. The escapement and the striking mechanism of this clock were unusual. The former was a variation on the verge escapement, and the hour striking (up to twenty-four) was controlled by a series of pins laid out in a helical pattern on a drum. However, timekeeping was of secondary importance as the main purpose of the clock was to show the motion of the Sun, Moon and planets (the details of the planet mechanism are lost) and to demonstrate eclipses. This was achieved in a very precise manner by a series of ingenious mechanisms, such as the elliptical wheel that was used to derive the variable motion of the sun.
    Richard died of leprosy, which he had contracted during a visit to obtain papal confirmation of his appointment, and the clock was completed after his death. The last recorded reference to it was made by John Leyland, shortly before the dissolution of the monasteries. It is now known only from incomplete manuscript copies of Richard's treatise. A modern reconstruction has been made based upon J.D.North's interpretation of the manuscript.
    [br]
    Bibliography
    For the drafts of Richard's Treatise on the Clock, with translation and commentary, see J.D.North, 1976, Richard of Wallingford, 3 vols, Oxford.
    Further Reading
    See J.D.North's definitive work above: for biographical information see Vol. 2, pp. 1–16. Most of the shorter accounts appeared before the publication of North's treatise and are therefore of more limited use.
    G.White, 1978, "Evolution of the epicyclic gear—part 2", Chartered Mechanical Engineer (April): 85–8 (an account of Richard's use of epicyclic gearing).
    DV

    Biographical history of technology > Richard of Wallingford, Abbot

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