Glossary entry

Portuguese term or phrase:

absorção de prejuízos

English translation:

absorption of losses

Added to glossary by Martin Riordan
Mar 31, 2012 19:40
12 yrs ago
5 viewers *
Portuguese term

absorção de prejuízos

Portuguese to English Law/Patents Law: Taxation & Customs
"§ 3º - O valor do imposto que deixar de ser pago em virtude das isenções e reduções de que tratam as letras a, b, c e e do § 1º não poderá ser distribuído aos sócios e constituirá reserva de capital da pessoa jurídica, que somente poderá ser utilizada para absorção de prejuízos ou aumento do capital social.
Proposed translations (English)
4 +3 absorbtion of losses
Change log

Apr 5, 2012 22:43: Martin Riordan Created KOG entry

Proposed translations

+3
27 mins
Selected

absorbtion of losses

"A credit in a nominal account for ascertaining profits like the Trading and Profit and Loss account which represents a transfer of debit balance to some other nominal account (holding profits kept aside or losses) is said to be an absorption of loss."

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Note added at 1 hr (2012-03-31 21:21:56 GMT)
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For "absorbtion", please read "absorption", as pointed out by Ana...
Note from asker:
Thank you very much Martin.
Peer comment(s):

agree Ana Vozone : however the correct term is 'absorption' and not 'absorbtion'...
1 hr
Thank you, Ana, and for the correction! The dicky digit strikes again...
agree Mark Robertson
14 hrs
Thanks, Mark!
agree Douglas Bissell : That's what I use, You plagiarist!!! Or we could both be right.
20 hrs
Thanks, Douglas! As we see often, three or four wrongs make a right!
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4 KudoZ points awarded for this answer.
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