in+equal+shares

- unequally

- unequally

close

A n

1 ( road) passage m ;

2 ( of cathedral) enceinte f.

B adj

1 ( with close links) [relative] proche ; [resemblance] frappant ; to bear a close resemblance to sb/sth ressembler beaucoup à qn/qch ; close links with Pol liens étroits avec [country] ; liens d'amitié avec [group, twinned town etc] ; to work in close collaboration with sb collaborer étroitement avec qn ; in close contact with en contact permanent avec [government department etc] ; en contact avec [friend etc] ; in close harmony Mus dans une tessiture rapprochée ;

2 ( intimate) [friend, adviser] proche (to de) ; they have a close friendship ils sont très bons amis ;

3 ( almost equal) [contest, finish, result, vote] serré ; ‘is it the same?’-‘no but it's close’ ‘c'est le même?’-‘non mais c'est proche’ ; a close copy of his signature une imitation presque parfaite de sa signature ; it's a close match (of colour, hairpiece) c'est presque la même couleur ;

4 (careful, rigorous) [scrutiny, examination, study] minutieux/-ieuse ; [supervision] étroit ; to pay close attention to sth faire une attention toute particulière à qch ; to keep a close watch ou eye on sb/sth surveiller étroitement qn/qch ;

5 ( compactly aligned) [texture, grain] dense ; [print, military formation] serré ; [handwriting] ramassé ;

6 ( stuffy) [weather] lourd ; it's close il fait lourd ;

7 ○ ( secretive) she's been very close about it elle n'a rien voulu dire.

C adv

1 ( nearby) to live/work quite close (by) habiter/travailler tout près ; they look closeer than they are ils semblent plus près qu'ils ne le sont ; how close is the town? est-ce que la ville est loin? ; it's close, I can hear it il ne doit pas être loin, je l'entends ; the closer he came plus il approchait ; to bring sth closer approcher qch ; to follow close behind suivre de près ; to hold sb close serrer qn ; close together serrés les uns contre les autres ; to come closer together se rapprocher ; ⇒ draw ;

2 ( close temporally) the time is close when dans peu de temps ; how close are they in age? combien ont-ils de différence d'âge? ; Christmas is close Noël approche ; ⇒ draw ;

3 ( almost) that's closer (to) the truth ça c'est plus proche de la vérité ; ‘is the answer three?’-‘close!’ ‘est-ce que la réponse est trois?’-‘tu y es presque’.

D close enough adv phr

1 ( sufficiently near) that's close enough ( no nearer) tu es assez près ; ( acceptable as answer) ça ira ; to be/come close enough to do être assez près/s'approcher suffisamment pour faire ;

2 ( approximately) there were 20 yachts or close enough il y avait à peu près 20 yachts.

E close to prep phr, adv phr

1 lit près de [place, person, object] ; close to where près de l'endroit où ; closer to plus près de ; how close are we to…? à quelle distance sommes-nous de…? ;

2 ( on point of) au bord de [tears, hysteria, collapse] ; to be close to doing être sur le point de faire ;

3 ( almost at) closer to 30 than 40 plus proche or plus près de 40 ans que de 30 ; to come closest to s'approcher le plus de [ideal, conception] ; to come close to doing faillir faire ; he came close to giving up il a failli abandonner ; how close are you to completing…? est-ce que vous êtes sur le point de finir…? ; close to the time when à peu près au moment où ; it's coming close to the time when we must decide l'heure de nous décider approche ;

4 ( also close on ○) ( approximately) close to ou on ○ 60 people près de or presque 60 personnes ; close to ou on ○ a century ago il y a près d'un siècle.

F close by prep phr, adv phr près de [wall, bridge] ; the ambulance is close by l'ambulance n'est pas loin.

(from) close to ○, (from) close up de près ; it was a close call ○ ou shave ○ ou thing je l'ai/tu l'as etc échappé belle.

close

A n

1 gen, Sport fin f ; to bring sth to a close mettre fin à qch ; to draw to a close tirer à sa fin ; to come to a close se terminer ; at the close of day littér à la tombée du jour liter ;

2 Fin close (of trading) clôture f ; at the close à la clôture.

B vtr

1 ( shut) fermer [container, door, window, eyes, mouth, mind, book, file, museum, office, shop] ;

2 ( block) fermer [border, port, airport] ; boucher [pipe, opening] ; barrer [road] ; interdire l'accès à [area of town] ;

3 = close down ;

4 ( bring to an end) mettre fin à [meeting, discussion, investigation, case] ; fermer [account] ; to close the meeting, we have pour clore la réunion nous avons ; the subject is now closed le sujet est clos ; ‘this correspondence is now closed’ journ ‘cette rubrique est interrompue’ ;

5 ( reduce) to close the gap fig réduire l'écart (between entre) ; to close the gap on sb/sth lit, fig rattraper qn/qch ; to close the gaps ( improve fault) remédier aux lacunes (in dans) ;

6 ( agree) conclure [deal, contract, sale] ;

7 Elec fermer [circuit].

C vi

1 ( shut) [airport, factory, office, polls, shop, station] fermer (for pour) ; [door, window, container, lid, eyes, mouth] se fermer ; [hand, arms] se (re)fermer (around sur) ; the museum has closed le musée est fermé au public ;

2 ( cease to operate) [business, factory, mine, institution] fermer définitivement ;

3 ( end) [meeting, enquiry, play, concert, season] prendre fin ; to close with se terminer par [scene, event, song] ;

4 Fin [currency, index, shares, market] clôturer (at à) ; the market closed down/up le marché a clôturé en baisse/en hausse ; the pound closed up against the euro la livre (sterling) a clôturé en hausse contre l’euro ;

5 ( get smaller) se réduire ; the gap is closing between X and Y fig l'écart entre X et Y se réduit ; lit la distance entre X et Y se réduit ;

6 ( get closer) [pursuer, enemy] se rapprocher (on de) ;

7 ( heal) [wound] se refermer.

D closed pp adj

1 ( shut) [door, window, container, business, public building, shop] fermé ; [fist, mouth, eyes] fermé ; ‘closed’ ( sign in shop) ‘fermé’ ; ( in theatre) ‘relâche’ ; ‘closed for lunch/for repairs’ ‘fermé pour le déjeuner/pour cause de réparations’ ; ‘road closed’ ‘route barrée’ ; ‘closed to the public’ ‘interdit au public’ ; ‘closed to traffic’ ‘circulation interdite’ ; behind closed doors fig à huis clos ;

2 ( restricted) [community, circle, meeting, organization, economy] fermé ; to have a closed mind avoir l'esprit fermé ;

3 Math [set] fermé ;

4 Ling [syllable] fermé.

■ close down:

▶ close down [shop, business, club, institution] fermer définitivement ; GB, Radio, TV we are now closing down nos émissions sont terminées pour ce soir ;

▶ close down [sth], close [sth] down fermer [qch] définitivement [business, factory].

■ close in [pursuers, enemy] se rapprocher (on de) ; [winter, night] approcher ; [darkness, fog] descendre (on sur) ; [jungle, forest] se refermer ; the nights are closing in les jours commencent à raccourcir.

■ close off:

▶ close off [sth], close [sth] off fermer [qch] au public [district, street, wing].

■ close out:

▶ close out [sth], close [sth] out US Comm liquider [stock] ; vendre [part of business].

■ close up:

▶ close up

1 [flower, petals, wound] se refermer ; [group] se serrer ; [troops] serrer les rangs ;

2 [shopkeeper, caretaker] fermer ;

3 he just closes up il refuse d'en parler ;

▶ close up [sth], close [sth] up

1 fermer [bank, office, shop] ;

2 boucher [hole, entrance, pipe].

■ close with:

▶ close with [sb]

1 Comm tomber d'accord avec [dealer, trader] (for pour) ;

2 Mil engager le combat avec [enemy] ;

▶ close with [sth] Fin accepter [deal, offer].

a percentage of the amount invested that is the annual income from an investment.

     Yield is calculated by dividing the annual cash return by the current share price and expressing that as a percentage.

     Yields can be compared against the market average or against a sector average, which in turn gives an idea of the relative value of the share against its peers. Other things being equal, a higher yield share is preferable to that of an identical company with a lower yield.

     An additional feature of the yield (unlike many of the other share analysis ratios), is that it enables comparison with cash. Cash placed in an interest-bearing source like a bank account or a government stock, produces a yield—the annual interest payable. This is usually a safe investment. The yield from this cash investment can be compared with the yield on shares, which are far riskier. This produces a valuable basis for share evaluation.

     Share yield is less reliable than bank interest or government stock interest yield, because unlike banks paying interest, companies are under no obligation at all to pay dividends. Frequently, if they go through a bad patch, even the largest companies will cut dividends or abandon paying them altogether.

SUBJECT AREA: Land transport, Railways and locomotives

[br]

[br]

[br]

Robert Stephenson's father was George Stephenson, who ensured that his son was educated to obtain the theoretical knowledge he lacked himself. In 1821 Robert Stephenson assisted his father in his survey of the Stockton \& Darlington Railway and in 1822 he assisted William James in the first survey of the Liverpool \& Manchester Railway. He then went to Edinburgh University for six months, and the following year Robert Stephenson \& Co. was named after him as Managing Partner when it was formed by himself, his father and others. The firm was to build stationary engines, locomotives and railway rolling stock; in its early years it also built paper-making machinery and did general engineering.

In 1824, however, Robert Stephenson accepted, perhaps in reaction to an excess of parental control, an invitation by a group of London speculators called the Colombian Mining Association to lead an expedition to South America to use steam power to reopen gold and silver mines. He subsequently visited North America before returning to England in 1827 to rejoin his father as an equal and again take charge of Robert Stephenson \& Co. There he set about altering the design of steam locomotives to improve both their riding and their steam-generating capacity. Lancashire Witch, completed in July 1828, was the first locomotive mounted on steel springs and had twin furnace tubes through the boiler to produce a large heating surface. Later that year Robert Stephenson \& Co. supplied the Stockton \& Darlington Railway with a wagon, mounted for the first time on springs and with outside bearings. It was to be the prototype of the standard British railway wagon. Between April and September 1829 Robert Stephenson built, not without difficulty, a multi-tubular boiler, as suggested by Henry Booth to George Stephenson, and incorporated it into the locomotive Rocket which the three men entered in the Liverpool \& Manchester Railway's Rainhill Trials in October. Rocket, was outstandingly successful and demonstrated that the long-distance steam railway was practicable.

Robert Stephenson continued to develop the locomotive. Northumbrian, built in 1830, had for the first time, a smokebox at the front of the boiler and also the firebox built integrally with the rear of the boiler. Then in Planet, built later the same year, he adopted a layout for the working parts used earlier by steam road-coach pioneer Goldsworthy Gurney, placing the cylinders, for the first time, in a nearly horizontal position beneath the smokebox, with the connecting rods driving a cranked axle. He had evolved the definitive form for the steam locomotive.

Also in 1830, Robert Stephenson surveyed the London \& Birmingham Railway, which was authorized by Act of Parliament in 1833. Stephenson became Engineer for construction of the 112-mile (180 km) railway, probably at that date the greatest task ever undertaken in of civil engineering. In this he was greatly assisted by G.P.Bidder, who as a child prodigy had been known as "The Calculating Boy", and the two men were to be associated in many subsequent projects. On the London \& Birmingham Railway there were long and deep cuttings to be excavated and difficult tunnels to be bored, notoriously at Kilsby. The line was opened in 1838.

In 1837 Stephenson provided facilities for W.F. Cooke to make an experimental electrictelegraph installation at London Euston. The directors of the London \& Birmingham Railway company, however, did not accept his recommendation that they should adopt the electric telegraph and it was left to I.K. Brunel to instigate the first permanent installation, alongside the Great Western Railway. After Cooke formed the Electric Telegraph Company, Stephenson became a shareholder and was Chairman during 1857–8.

Earlier, in the 1830s, Robert Stephenson assisted his father in advising on railways in Belgium and came to be increasingly in demand as a consultant. In 1840, however, he was almost ruined financially as a result of the collapse of the Stanhope \& Tyne Rail Road; in return for acting as Engineer-in-Chief he had unwisely accepted shares, with unlimited liability, instead of a fee.

During the late 1840s Stephenson's greatest achievements were the design and construction of four great bridges, as part of railways for which he was responsible. The High Level Bridge over the Tyne at Newcastle and the Royal Border Bridge over the Tweed at Berwick were the links needed to complete the East Coast Route from London to Scotland. For the Chester \& Holyhead Railway to cross the Menai Strait, a bridge with spans as long-as 460 ft (140 m) was needed: Stephenson designed them as wrought-iron tubes of rectangular cross-section, through which the trains would pass, and eventually joined the spans together into a tube 1,511 ft (460 m) long from shore to shore. Extensive testing was done beforehand by shipbuilder William Fairbairn to prove the method, and as a preliminary it was first used for a 400 ft (122 m) span bridge at Conway.

In 1847 Robert Stephenson was elected MP for Whitby, a position he held until his death, and he was one of the exhibition commissioners for the Great Exhibition of 1851. In the early 1850s he was Engineer-in-Chief for the Norwegian Trunk Railway, the first railway in Norway, and he also built the Alexandria \& Cairo Railway, the first railway in Africa. This included two tubular bridges with the railway running on top of the tubes. The railway was extended to Suez in 1858 and for several years provided a link in the route from Britain to India, until superseded by the Suez Canal, which Stephenson had opposed in Parliament. The greatest of all his tubular bridges was the Victoria Bridge across the River St Lawrence at Montreal: after inspecting the site in 1852 he was appointed Engineer-in-Chief for the bridge, which was 1 1/2 miles (2 km) long and was designed in his London offices. Sadly he, like Brunel, died young from self-imposed overwork, before the bridge was completed in 1859.

[br]

See also: Pihl, Carl Abraham; Seguin, Marc

[dɪˌpri:ʃɪˈeɪʃən]

abnormal depreciation ускоренная амортизация abnormal depreciation ускоренное начисление износа abnormal depreciation ускоренное списание стоимости объекта основного капитала на износ accelerated depreciation ускоренная амортизация accelerated depreciation ускоренное начисление износа accelerated depreciation ускоренное списание стоимости объекта основного капитала на износ accumulated depreciation аккумулированные амортизационные отчисления accumulated depreciation амортизационный резерв advance depreciation предварительное начисление износа calculatory depreciation расчетная амортизация competitive depreciation конкурентное обесценение constant rate depreciation обесценение с постоянным темпом controlled depreciation контролируемое обесценивание currency depreciation обесценение валюты declining-balance depreciation начисление износа методом убывающего остатка declining-balance method of depreciation начисление износа методом убывающего остатка depreciation амортизационные отчисления depreciation тех. амортизация, изнашивание depreciation амортизация depreciation моральный износ depreciation начисление износа depreciation обесценение depreciation обесценивание, обесценение; снижение стоимости depreciation обесценивание depreciation скидка на порчу товара (при расчетах) depreciation скидка на порчу товара depreciation снашивание depreciation снижение стоимости depreciation умаление; пренебрежение depreciation умаление depreciation физический износ depreciation for tax purposes списание на налоговые цели depreciation of capital goods обесценение основного капитала depreciation of currency обесценение валюты depreciation of investment обесценение инвестиций depreciation on fixed assets амортизация основного капитала depreciation on operating equipment амортизация производственного оборудования depreciation on reducing balance basis начисление износа на основе снижения остатка depreciation on shares обесценение акций diminishing balance depreciation метод убывающего остатка при начислении износа direct depreciation прямое начисление износа direct depreciation прямые амортизационные отчисления double-declining balance depreciation начисление износа методом двойного убывающего остатка equal instalment depreciation начисление износа равными частями exceptional depreciation резкое обесценивание extraordinary depreciation чрезвычайное снижение стоимости fiscal depreciation выч. обесценивание налогов fluctuating depreciation переменные амортизационные отчисления immediate depreciation немедленное начисление износа indirect depreciation method метод косвенного начисления износа inventory depreciation амортизация товарно-материальных запасов monetary depreciation обесценивание денег normal depreciation нормальное снижение стоимости normal depreciation стандартное начисление износа operational depreciation износ в процессе эксплуатации ordinary depreciation нормальная амортизация progressive depreciation прогрессивное начисление износа special depreciation специальное обесценение stock price depreciation снижение курса акций straight-line depreciation равномерное начисление износа straight-line depreciation равномерное списание основного капитала yield value depreciation снижение стоимости дохода

[ˌdɪstrɪˈbju:ʃən]

distribution распространение; age distribution возрастная структура (населения) age distribution распределение по возрасту arrival distribution вчт. распределение входящего потока assets available for distribution свободные активы для распределения assumed distribution гипотетическое распределение balanced distribution сбалансированное распределение beta distribution бета-распределение bimodal distribution бимодальное распределение bimodal distribution двухвершинное распределение binomial distribution биномиальное распределение bivariate distribution двухмерное распределение bonus distribution распределение премии chi-squared distribution распределение хи-квадрат distribution распределение; раздача; commodity distribution товарное обращение conditional distribution условное распределение cost distribution распределение затрат delay-in-queue distribution вчт. распределение времени ожидания disproportionate distribution непропорциональное распределение имущества между наследниками distribution бонусная эмиссия акций distribution мат., лингв. дистрибуция distribution доставка товаров distribution классификация distribution отправление (правосудия) distribution продажа большой партии ценных бумаг без негативного воздействия на цены distribution полигр. разбор шрифта и распределение его по кассам distribution раздача distribution разделение distribution размещение distribution размещение промышленности distribution размещение ценных бумаг на рынке distribution расположение distribution распределение; раздача; commodity distribution товарное обращение distribution распределение distribution распределение доходов distribution распределение имущества между наследниками по закону distribution распределение имущества среди наследников distribution распределение имущества среди наследников по закону distribution распределение национального дохода distribution распределение части дохода компании между акционерами distribution распространение; age distribution возрастная структура (населения) distribution распространение distribution спекулятивная распродажа акций в предвидении падения курса distribution сфера обращения distribution транспортировка товаров distribution by currency распределение по валюте distribution by denomination распределение по нарицательной стоимости distribution by sector распределение по секторам distribution of bonus units распределение премиальных процентов distribution of costs распределение затрат distribution of costs between state and local authorities распределение расходов между властями штата и местными органами власти distribution of dividend распределение дивиденда distribution of estate раздел имущества distribution of estate распределение имущества между наследниками по закону distribution of goods распределение товаров distribution of goods рассылка товаров distribution of incomes распределение доходов distribution of losses распределение убытков distribution of occupations распределение профессий distribution of power разграничение компетенции distribution of profits распределение доходов distribution of profits распределение прибылей distribution of responsibility and authority распределение ответственности и полномочий distribution of risk страх. распределение риска distribution of shares распределение акций distribution of surplus распределение прибыли distribution of tasks распределение заданий distribution of trust fund распределение капитала, переданного в доверительное управление distribution of work распределение работы distribution on countries распределение по странам dividend distribution выплата дивидендов dividend distribution распределение прибыли empirical distribution эмпирическое распределение equal distribution равномерное распределение even distribution равномерное распределение exposure frequency distribution распределение частоты контакта со средствами рекламы final distribution окончательное распределение first distribution первая выплата дивидендов frequency distribution стат. эмпирическая плотность распределения home address distribution марк. рассылка по домашним адресам income distribution распределение дохода income distribution распределение доходов industrial distribution отраслевое распределение input distribution вчт. распределение входящего потока liability distribution распределение ответственности limited distribution ограниченное распределение limiting distribution предельное распределение logarithmic normal distribution логарифмически нормальное распределение logarithmically normal distribution логарифмически нормальное распределение lognormal distribution логарифмически нормальное распределение maturity distribution распределение сроков платежа next-arrival distribution вчт. распределение интервалов между требованиями normal distribution нормальное распределение occupational distribution распределение населения по роду деятельности open distribution свободное распределение output distribution вчт. распределение выходящего потока overhead distribution распределение накладных расходов percentage distribution процентное распределение poisson distribution пуассоновское распределение Poisson distribution стат. пуассоновское распределение power distribution распределение мощности power distribution распределение энергии prior distribution априорное распределение pro rata distribution пропорциональное распределение имущества среди наследников probability distribution распределение вероятностей probability distribution мат. распределение вероятностей profit distribution распределение прибыли queue-length distribution вчт. распределение длины очереди random distribution распределение случайной величины reserve fund distribution распределение резервного фонда sample distribution выборочное распределение sampling distribution выборочное рапсределение secondary distribution вторичное размещение ценных бумаг sectoral distribution распределение (национального дохода) по секторам selective distribution выборочное распределение service distribution вчт. распределение времени обслуживания simultaneous distribution совместное распределение sojourn distribution распределение времени пребывания subsequent distribution последующее распределение uniform distribution равномерное распределение univariate distribution одномерное распределение waiting-time distribution распределение времени ожидания