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Glossary entry

Portuguese term or phrase:

Insubsistência Ativa

English translation:

Extinguished Liabilities

Added to glossary by Marcio Tondin
Jul 3, 2009 20:00
14 yrs ago
7 viewers *
Portuguese term

Insubsistência Ativa

Portuguese to English Bus/Financial Accounting Balanço
Insubsistência Ativa - "insubsistência ativa" é quando algo que deixa de existir provoca o aumento do patrimônio, vale dizer, significa "o efeito positivo de algo que deixa de existir".

Exemplo: a prescrição de uma dívida, que é uma
insubsistência do passivo.

A conta Insubsistências Ativas é de receita (de natureza credora).

Eu cheguei ao termo "unsubstantiated asset", mas fiquei inseguro. Alguém poderia me ajudar???
Proposed translations (English)
3 +1 Extinguished Liabiliti (ies)
4 Non-existence positive effect
3 Current Non-Existence
3 Post-cessation receipt(s)

Discussion

AlexMiranda Jul 4, 2009:
Thanks, Jack. One of my accounting books defines asset as a right to use an economic resource, so that makes me think that it always has a positive value by itself, though the net effect can be negative. Seems like we are on the same page.
jack_speak Jul 4, 2009:
negative net asset Alex, you are exactly correct, I think. I had the same idea, that an asset with a negative net value would be due to having a liability attached to it, for example, a property where the government issued a ruling that required expensive clean-up due to unlawful waste disposal. The cost of the clean-up could be higher than the property's book value as a result of this environmental liability. You could sell the land under a contract whereby the purchaser assumes all of the liability.
Marlene Curtis Jul 4, 2009:
Insubsistência Ativa http://www.metasphere.us/guides/us-gaap-ci/en_US/index.html#...
AlexMiranda Jul 4, 2009:
I'll stick to my answer At least for US English
Marcio Tondin (asker) Jul 4, 2009:
Yes, it is a liability that no longer exists! That lead us to the following terms: Extinguished Liabilities, Unrecognized Liabilities, Derecognized Liabilities, Purged Liabilities.
What do you guys think?
AlexMiranda Jul 4, 2009:
If it is a liability that no longer exists I think that the term is the one in the IFRS document.

Jack, my knowledge of accounting is mostly from having to make sense of it, but I am not a trained accountant, so I got very intellectually curious about negative assets. I thought that if an asset were to have a net negative effect on the accounts it is because of the liabilities attached to it. Can you post a reference to the idea of a negative asset? I would like to read about it to fill my gaps.
Marcio Tondin (asker) Jul 4, 2009:
Insubsistência Ativa é o nome de 1conta de Receita Nesta conta são lançados os valores do Passivo (liabilitities) que deixaram de existir, ex: uma dívida perdoada ou prescrita.

Eu cheguei ao termo "unsubstantiated asset", mas fiquei inseguro. A definição do Jack-Speak é muito boa e fez pensar em "purged liability (account)" que é bem parecida com a definição do AlexMiranda. Acho que é por aí... Agora só nos resta saber qual seria o termo contábil comumente utilizado para este tipo de conta.
jack_speak Jul 3, 2009:
vamos deixar pro Marcio decidir Assets = Liabilities + Owners' Equity
O aumento do patriminio (O/E), que e' um credito no lado direito do balanco, coincide com a eliminacao de um ativo de valor neto negativo, que e' debito no lado esquerdo do balanco.
Marlene Curtis Jul 3, 2009:
NOT an asset Just a correction.
Marlene Curtis Jul 3, 2009:
No an asset Insubsistência Ativa: Reforçando, a palavra "Ativa" não significa do Ativo, e sim, efeito positivo. Assim, significa algo que deixa de existir trazendo um efeito positivo (Ex: perdão de dívida). Logo é conta de receita, natureza credora.
http://www.vemconcursos.com/opiniao/index.phtml?page_id=1543
jack_speak Jul 3, 2009:
Asset An asset can have a positive value or a negative net value. In this case, the best I can think of so far is "purged asset," where the net asset value is debited from the left side of the balance sheet so that the equity balance is credited (increases) on the right side of the balance sheet. I am still searching for a better "accepted" accounting term, but the idea is that the bad asset was purged.

Proposed translations

+1
7 mins
Selected

Extinguished Liabiliti (ies)

I have only come across this once, so I can't be more confident, but the FASB document below seems to indicate that this is the right term:

http://www.fasb.org/project/fasac_liab_extinguishment.pdf

--------------------------------------------------
Note added at 9 mins (2009-07-03 20:10:23 GMT)
--------------------------------------------------

The idea here is that once a liability is extinguished, provisions for such liabilities can be freed.
Peer comment(s):
agree jack_speak : Based on the discussion and Marcio's clarification, I agree.
45 mins
Thanks Jack. I think I'll stick to it, given the result of the discussion.
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks to AlexMiranda, Jack_Speak, Marlene and all of you who participated in such an interesting discussion. Thanks for helping!"
10 mins

Current Non-Existence

Mike :)

--------------------------------------------------
Note added at 12 mins (2009-07-03 20:12:45 GMT)
--------------------------------------------------

O substantivo é "insubsistência" e embora a palabra "subsistence" existe quando é "subsitência" o que quer dizer é "existência" e o oposto seria "non-existence"

Results 1 - 10 of about 5,350 for accounting "current non existence". (0.49 seconds)
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1.
Studies In History and Philosophy of Science Part B: Studies In ...
We mention two ways of accounting for the fact that entropy increase and ...... not by retrodicting from their current non-existence but by prediction from ...
linkinghub.elsevier.com/retrieve/pii/S1355219806000414 - Similar -
by W Eckhardt - 2006 - Cited by 1 - Related articles
2.
Futures : Predicaments in the futures of ageing democracies ...
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linkinghub.elsevier.com/retrieve/pii/S001632870700105X - Similar -
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Oct 23, 2008 ... and it reminded me of Nobi Nobi Boy, despite Nobi's current non-existence. ... don't mind looking really gay to Bob in accounting." ...
www.destructoid.com/.../review-the-entire-nitrome-oeuvre-pa... - Cached - Similar -
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The ethics of the carbon economy | Open Forum | Independent public ...
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www.openforum.com.au/content/ethics-carbon-economy - Cached - Similar -
5.
The ethics of the carbon economy
... into the atmosphere given the current non-existence of commercially viable and ... and fully accounting for world agreements more likely to be reached ...
www.openforum.com.au/node/865/print - Cached - Similar -
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Bob Ackles: Standing up for the CFL - Full Comment
Or to the current non-existence of the Ottawa Renegades / Rough Riders, .... --Select One--, 9/11, A. Mark Clarfield, AbitibiBowater, abortion, accounting ...
network.nationalpost.com/.../bob-ackles-standing-up-for-the-cfl.aspx - Cached - Similar -
7.
Detection of Recurrent Copy Number Alterations in the Genome: a ...
Accounting for these effects computationally will slow down the ..... The lack of gold standards and the current non-existence of an unambiguous definition ...
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8. [PDF]
DEMOCRATIC REPUBIC OF EAST TIMOR
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The current non-existence of a mechanism for substituting members of the ..... The staffing table of judicial inspectors, accounting inspectors and ...
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10. [PDF]
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Considering further the current non-existence of an ... a common modelling effort, and products such as Input-Output matrixes and Social Accounting ...
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Peer comment(s):
neutral jack_speak : are you joking?
56 mins
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32 mins

Non-existence positive effect

Insubsistências e Superveniências - esclarecendo dúvidas por ... - [ Translate this page ]Insubsistência Ativa: Reforçando, a palavra "Ativa" não significa do Ativo, e sim, efeito positivo. Assim, significa algo que deixa de existir trazendo um ...
www.vemconcursos.com/opiniao/index.phtml?page_id...

Insubsistência Ativa: Reforçando, a palavra "Ativa" não significa do Ativo, e sim, efeito positivo. Assim, significa algo que deixa de existir trazendo um efeito positivo (Ex: perdão de dívida). Logo é conta de receita, natureza credora

SSRN-Jurisdiction, Merits, and Non-Extant Rights by Howard Wasserman Nov 11, 2007 ... The differences focus on: 1) The effect that the existence or non-existence of rights has on real-world actors and conduct, how individuals ...

Show map of 3700 Lindell Blvd, Saint Louis, MO 63108

papers.ssrn.com/sol3/papers.cfm?abstract_id=970731
Peer comment(s):
neutral jack_speak : No offense Marlene, but I can't find any example of your expression on the web.// I think Marcio is asking for a translation, not an explanation, of this technical term. His description indicates to me that he already understands it perfectly.
54 mins
You won't find the expression on the web, but I think it's a plausible explanation given on the website above.
Something went wrong...
1 day 1 hr

Post-cessation receipt(s)

Definition in the UK of post-cessation receipt includes a debt released or wiped out.

Swelling the assets, inc. by write-off of a debt, is taken from the language of insolvency which may not be applicable here.



Example sentence:

after the cessation, all or part of the debt is released, and ... (1) This section applies if a post-cessation receipt is received by a company www.opsi.gov.uk/acts/.../ukpga_20090004_en_10

SWELLING THE ASSETS AVAILABLE TO CREDITORS Post-liquidation receipts and recoveries 6-25 The assets coming under the control of the liquidator at the time books.google.at/books?isbn=042190450X...

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