Glossary entry

French term or phrase:

provision pour perte à terminaison

English translation:

provision for loss at completion

Added to glossary by Rod Nelson
Oct 10, 2007 20:24
17 yrs ago
7 viewers *
French term

provision pour perte à terminaison

French to English Bus/Financial Accounting
 Si ces prestations font l'objet d'un forfait, une provision pour perte à terminaison est constatée contrat par contrat dès qu'une perte est anticipée. = a provision for loss at completion???
Proposed translations (English)
4 +1 provision for loss at completion

Discussion

Beatriz Galiano (X) Oct 15, 2007:
ha, my friends are always right? they could not even defend their position.Its a shame, you must be used to...

Proposed translations

+1
11 hrs
Selected

provision for loss at completion

The provision is made *now* for an anticipated loss upon completion of the contract.

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Note added at 11 hrs (2007-10-11 08:04:05 GMT)
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Avoid "termination" here.
Peer comment(s):

agree BusterK
26 mins
disagree Beatriz Galiano (X) : I am using the same word as the original which in this case means the same, you just can't say it is wrong without any support to your claim. well, maybe only a sleeper agent for the voter.
4 hrs
agree Lzz : Accounting standards (e.g. IAS 11) refer to 'completion'. A contract could be terminated without being completed, but that is not what is meant here
2927 days
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4 KudoZ points awarded for this answer. Comment: "That's what I thought. Thanks."
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