单词 | capital redemption reserve |
释义 | > as lemmascapital redemption reserve capital redemption reserve n. Finance a reserve fund created in the event of a company purchasing its own shares in circumstances resulting in a reduction of share capital, in order to protect creditors by ensuring that the assets representing the company's capital are not reduced. ΚΠ 1920 W. R. Skinner Mining Man. 190 Capital redemption reserve £1,575. 1999 E. M. Ferran Company Law & Corporate Finance xiii. 444 The requirement to make a transfer to the capital redemption reserve applies only to the extent that the buy back is funded from distributable profits. 2006 A. Fight Cash Flow Forecasting ii. 33 Other reserves prohibited from distribution by the company's memorandum articles include capital redemption reserves. < as lemmas |
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