Glossary entry

French term or phrase:

non-liquide

English translation:

non-liquid

Added to glossary by Angelina Galanska
Jun 4, 2017 22:35
7 yrs ago
French term

non-liquide

Non-PRO French to English Law/Patents Law (general) divorce
The question has to do with an expert valuation ordered by the Court, and the expert is talking about the difficulties of evaluating works of art in an estate:

"qu'il précise combien cétte évaluation est difficile et qu'il est nécessaire d'effectuer une décote de l'ouevre ainsi qu'il est habituellement pratiqué dans le règlement des successions de peintres célebrès; qu'il a lieu de tenir compte, en effet, de la durée de vente d'une collection (.............), xxxxx du fait du caractère non-liquide de l'ouevre;xxxx

Because I figured the "décote de l'ouevre" was a below par rating of the works (Collins Robert) as is done in settling the estates of famous painters, I thought "caractère non-liquide" might refer to cash, or convertible to cash, and now I have confused myself...
Change log

Jun 5, 2017 09:41: B D Finch changed "Level" from "PRO" to "Non-PRO"

Jun 8, 2017 04:20: Angelina Galanska Created KOG entry

Votes to reclassify question as PRO/non-PRO:

Non-PRO (3): writeaway, GILLES MEUNIER, B D Finch

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Proposed translations

+3
7 hrs
Selected

non-liquid

non-liquid asset
1. An asset or possession that cannot be converted into cash quickly. Stocks and bonds are liquid assets because they are easy to sell quickly, but property is considered a non-liquid asset because there is no guarantee it will sell within a certain time period.
Peer comment(s):

agree Ben Gaia
1 hr
agree Daryo : and CL5 about that! [and also not to be confused with "non-liquidated" ...]
1 hr
agree B D Finch
3 hrs
neutral philgoddard : This is a synonym for illiquid.
8 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thank you."
-1
10 mins

non-pecuniary

maybe

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Note added at 10 mins (2017-06-04 22:46:06 GMT)
--------------------------------------------------

https://www.merriam-webster.com/dictionary/nonpecuniary

Define nonpecuniary: not consisting of money — nonpecuniary in a sentence.

--------------------------------------------------
Note added at 11 mins (2017-06-04 22:46:53 GMT)
--------------------------------------------------

I prefer the hyphen but up to you
Peer comment(s):

agree Alvaro Ferreira : not tightly bonded to quotation as in a fixed amount of cash
9 mins
thanks Alvaro gracias
disagree Daryo : maybe? ahem ... no!
9 hrs
disagree B D Finch : No, the text is not about whether or not there is a monetary value, just the ease and reliability of conversion.
10 hrs
Something went wrong...
+1
51 mins

illiquid

this is close to the original, is idiomatic (US EN), and conveys the intended meaning. The meaning is that the present value of the asset is reduced by the extra time required to liquidate it, i.e., sell it. The passage of time is a financial cost.
Peer comment(s):

neutral writeaway : http://www.investopedia.com/terms/i/illiquid.asp
11 mins
Yes, thanks, agree with Investopedia. The time element is the ultimate cause of the illiquidity, although the unavailability of buyers is what causes the time problem.
neutral Daryo : the estimated value is reduced in this ST, but in "normal" cases "caractère non-liquide de ..." simply means it can take some time to find a buyer (without any reduction in "normal price"!)
8 hrs
Yes but selling time is a function of price and vice versa. Liquidity is determined by both.
agree philgoddard
14 hrs
Thank you
Something went wrong...
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