carry

English translation: financing cost(s)

09:23 Oct 6, 2005
English language (monolingual) [PRO]
Law/Patents - Law (general) / litigation
English term or phrase: carry
The parties understand and agree that this agreement will require the restructuring of xxx Fund and xxx entities, as well as the fees and carry allocated at both of the Fund and xxx levels.
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what does "carry" mean here in such legal context?

Thank you!
Waleed Mohamed
United Arab Emirates
Local time: 17:34
Selected answer:financing cost(s)
Explanation:
"carry n. (EN)
Syn: carrying The cost of financing; general term used for both borrowing and lending.

DE: Kapitalbeschaffungskosten .
FR: frais de financement , frais financiers" (cf. http://tradition.axone.ch/ViewTerm.cfm?TID=67 )

"Net financing cost
Also called the cost of carry or, simply carry, the difference between the cost of financing the purchase of an asset and the asset's cashyield. Positive carry means that the yield earned is greater than the financing cost; negative carry means that the financing cost exceeds the yield earned." (cf. http://www.bloomberg.com/analysis/glossary/bfglosn.htm#net_f... ).
:-)

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Note added at 1 hr 54 mins (2005-10-06 11:18:16 GMT)
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I still think this is the correct answer in this particular context, but the word "carry" is also used a bit differently in some contexts (see my suggestion here: http://www.proz.com/kudoz/1153658 AND search for "fees and carry" here: http://www.yaleinsider.org/article.jsp?id=26 ).
:-)
Selected response from:

Derek Gill Franßen
Germany
Local time: 15:34
Grading comment
Thank you Derek and all!
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
2 +6financing cost(s)
Derek Gill Franßen
4"The holding of securities with borrowed interest"
Stephen Rifkind


Discussion entries: 2





  

Answers


9 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
"The holding of securities with borrowed interest"


Explanation:
Webster's Third New International Dictionary, unabridged

Stephen Rifkind
Israel
Local time: 16:34
Specializes in field
Native speaker of: Native in FrenchFrench, Native in EnglishEnglish
Login to enter a peer comment (or grade)

38 mins   confidence: Answerer confidence 2/5Answerer confidence 2/5 peer agreement (net): +6
financing cost(s)


Explanation:
"carry n. (EN)
Syn: carrying The cost of financing; general term used for both borrowing and lending.

DE: Kapitalbeschaffungskosten .
FR: frais de financement , frais financiers" (cf. http://tradition.axone.ch/ViewTerm.cfm?TID=67 )

"Net financing cost
Also called the cost of carry or, simply carry, the difference between the cost of financing the purchase of an asset and the asset's cashyield. Positive carry means that the yield earned is greater than the financing cost; negative carry means that the financing cost exceeds the yield earned." (cf. http://www.bloomberg.com/analysis/glossary/bfglosn.htm#net_f... ).
:-)

--------------------------------------------------
Note added at 1 hr 54 mins (2005-10-06 11:18:16 GMT)
--------------------------------------------------

I still think this is the correct answer in this particular context, but the word "carry" is also used a bit differently in some contexts (see my suggestion here: http://www.proz.com/kudoz/1153658 AND search for "fees and carry" here: http://www.yaleinsider.org/article.jsp?id=26 ).
:-)

Derek Gill Franßen
Germany
Local time: 15:34
Specializes in field
Native speaker of: English
PRO pts in category: 55
Grading comment
Thank you Derek and all!

Peer comments on this answer (and responses from the answerer)
agree  Brie Vernier
16 mins
  -> Thank you Brie. :-)

agree  Ambra Gostoli
42 mins

agree  Jörgen Slet
1 hr

agree  Saiwai Translation Services
3 hrs

agree  Alfa Trans (X)
8 hrs

agree  Rajan Chopra
2 days 3 hrs
Login to enter a peer comment (or grade)



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