Glossary entry (derived from question below)
French term or phrase:
convertir la note en titres
English translation:
securitize the note..
Added to glossary by
Talei Lakela (X)
Jul 2, 2013 19:52
10 yrs ago
French term
convertir la note en titres
French to English
Bus/Financial
Business/Commerce (general)
this is a document in which money is being sought to refinance a company in order to increase its valuation with a view to selling it.
ce qui nous donnera la possibilité de convertir la note en titres
titres should be securities here, but what is "la note"?
titres should be securities here, but what is "la note"?
Proposed translations
(English)
4 | securitize the note.. | Marian Greenfield |
References
definition of "note" | AllegroTrans |
Change log
Jul 2, 2013 22:11: Talei Lakela (X) changed "Field (write-in)" from "from a note de réinvestissement" to " this is a document in which money is being sought to refinance a company in order to increase its valuation with a view to selling it."
Proposed translations
5 hrs
Selected
securitize the note..
not much context, but likely that the note is a promissory note under a loan
States Fight Back Against MERS Mortgage Fraud | Washington's Blog
www.washingtonsblog.com/.../states-fight-back-against-mers-...
Apr 7, 2013 - The bank can sell the note and even securitize the note… no problem if the transaction maintains the integrity of the note. In the case of MERS ...
The Court Room | mycleartitle
mycleartitle.wordpress.com/the-court-room/
Did the Lender securitize the note? Did they separate the Note from the Deed of Trust? Did they file a 1099A with the IRS on the property? Was the Note fair ...
Re: compensating the backup lender - Redfin Real Estate Forums
forums.redfin.com/t5/forums/forumtopicprintpage/board-id/.../1
That was actually one of my concerns . . . that many local lenders hold servicing (have their name on the statement), but sell or securitize the note itself.
States Fight Back Against MERS Mortgage Fraud | Washington's Blog
www.washingtonsblog.com/.../states-fight-back-against-mers-...
Apr 7, 2013 - The bank can sell the note and even securitize the note… no problem if the transaction maintains the integrity of the note. In the case of MERS ...
The Court Room | mycleartitle
mycleartitle.wordpress.com/the-court-room/
Did the Lender securitize the note? Did they separate the Note from the Deed of Trust? Did they file a 1099A with the IRS on the property? Was the Note fair ...
Re: compensating the backup lender - Redfin Real Estate Forums
forums.redfin.com/t5/forums/forumtopicprintpage/board-id/.../1
That was actually one of my concerns . . . that many local lenders hold servicing (have their name on the statement), but sell or securitize the note itself.
4 KudoZ points awarded for this answer.
Comment: "thank you very much!"
Reference comments
3 hrs
Reference:
definition of "note"
This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (August 2008)
In finance, a convertible bond, or convertible note, or a convertible debenture if it has a maturity of greater than 10 years, is a type of bond that the holder can convert into a specified number of shares of common stock in the issuing company or cash of equal value. It is a hybrid security with debt- and equity-like features. It originated in the mid-19th century, and was used by early speculators such as Jacob Little and Daniel Drew to counter market cornering.[1] Convertible bonds are most often issued by companies with a low credit rating and high growth potential.
To compensate for having additional value through the option to convert the bond to stock, a convertible bond typically has a coupon rate lower than that of similar, non-convertible debt. The investor receives the potential upside of conversion into equity while protecting downside with cash flow from the coupon payments and the return of principal upon maturity. These properties lead naturally to the idea of convertible arbitrage, where a long position in the convertible bond is balanced by a short position in the underlying equity.
From the issuer's perspective, the key benefit of raising money by selling convertible bonds is a reduced cash interest payment. The advantage for companies of issuing convertible bonds is that, if the bonds are converted to stocks, companies' debt vanishes. However, in exchange for the benefit of reduced interest payments, the value of shareholder's equity is reduced due to the stock dilution expected when bondholders convert their bonds into new shares.
In finance, a convertible bond, or convertible note, or a convertible debenture if it has a maturity of greater than 10 years, is a type of bond that the holder can convert into a specified number of shares of common stock in the issuing company or cash of equal value. It is a hybrid security with debt- and equity-like features. It originated in the mid-19th century, and was used by early speculators such as Jacob Little and Daniel Drew to counter market cornering.[1] Convertible bonds are most often issued by companies with a low credit rating and high growth potential.
To compensate for having additional value through the option to convert the bond to stock, a convertible bond typically has a coupon rate lower than that of similar, non-convertible debt. The investor receives the potential upside of conversion into equity while protecting downside with cash flow from the coupon payments and the return of principal upon maturity. These properties lead naturally to the idea of convertible arbitrage, where a long position in the convertible bond is balanced by a short position in the underlying equity.
From the issuer's perspective, the key benefit of raising money by selling convertible bonds is a reduced cash interest payment. The advantage for companies of issuing convertible bonds is that, if the bonds are converted to stocks, companies' debt vanishes. However, in exchange for the benefit of reduced interest payments, the value of shareholder's equity is reduced due to the stock dilution expected when bondholders convert their bonds into new shares.
Discussion