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üzletrész

English translation: share

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Hungarian term or phrase:üzletrész
English translation:share
Entered by: Ildiko Santana

09:44 Mar 1, 2011
Hungarian to English translations [PRO]
Law/Patents - Law: Contract(s) / share sale contract
Hungarian term or phrase: üzletrész
This question is about the difference between an "ordinary" share and a "quota" share. Would it have the same meaning if it was written that: "Share" shall mean one share representing 100% of the registered capital of the Company (...)? Or how does the word "quota" change the meaning?

The problem sentence comes from a Definitions section of a share sale contract:
“Share” shall mean quota share (üzletrész) representing 100 per cent. of the registered capital of the Company including all legal and beneficial title and ownership rights attached thereto.
Pawel Bartoszewicz
Poland
Local time: 12:46
share
Explanation:
The page referenced below might offer some answers to your questions. In your Hungarian source text you might want to look for key terms such as "üzletrész" (share) - "részesedés" (quota) - "érdekeltség" (interest). I don't see why one "share" would mean 100% of the registered capital (jegyzett tőke) of said company. It would be helpful to see the exact sentence from the source text that you have difficulty translating.

"Company limited by shares (Rt)
An Rt is established with a predetermined amount and nominal value of shares. The liability of its members is limited to the provision of the nominal or issue value of the shares.

An Rt may be established via a private offering (its shares are offered only to its founders) or a public offering (its shares are offered to the public). The difference must be indicated in the company's name as “Zrt” (private) or “Nyrt” (public).

Shares are securities that embody a shareholder's membership rights in the company. Only private Rts may issue printed share certificates, public Rts may only have dematerialized shares (registered in the shareholders security account held by a financial institution).

Shares may be (i) ordinary shares, (ii) employee shares, (iii) interest-bearing shares, (iv) redeemable shares. or (v) preference shares, which have the following sub-categories:
- dividend preference shares
- preference with respect to the liquidation ratio
- preference with respect to voting rights
- (only in the case of private Rts) preference with respect to the appointment of executive officers or members of the supervisory board
- (only in the case of private Rts) shares ensuring pre emption rights"
Selected response from:

Ildiko Santana
United States
Local time: 03:46
Grading comment
Thank you very much for your help. The reference you provided clears the issue: as I understand it, it is about a fractional portion of a share (where there is only one share). Thanks again. P.
4 KudoZ points were awarded for this answer



Summary of answers provided
3share
Ildiko Santana


Discussion entries: 3





  

Answers


7 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
share


Explanation:
The page referenced below might offer some answers to your questions. In your Hungarian source text you might want to look for key terms such as "üzletrész" (share) - "részesedés" (quota) - "érdekeltség" (interest). I don't see why one "share" would mean 100% of the registered capital (jegyzett tőke) of said company. It would be helpful to see the exact sentence from the source text that you have difficulty translating.

"Company limited by shares (Rt)
An Rt is established with a predetermined amount and nominal value of shares. The liability of its members is limited to the provision of the nominal or issue value of the shares.

An Rt may be established via a private offering (its shares are offered only to its founders) or a public offering (its shares are offered to the public). The difference must be indicated in the company's name as “Zrt” (private) or “Nyrt” (public).

Shares are securities that embody a shareholder's membership rights in the company. Only private Rts may issue printed share certificates, public Rts may only have dematerialized shares (registered in the shareholders security account held by a financial institution).

Shares may be (i) ordinary shares, (ii) employee shares, (iii) interest-bearing shares, (iv) redeemable shares. or (v) preference shares, which have the following sub-categories:
- dividend preference shares
- preference with respect to the liquidation ratio
- preference with respect to voting rights
- (only in the case of private Rts) preference with respect to the appointment of executive officers or members of the supervisory board
- (only in the case of private Rts) shares ensuring pre emption rights"


    Reference: http://www.itdh.com/engine.aspx?page=Itdh_Corporate
Ildiko Santana
United States
Local time: 03:46
Specializes in field
Native speaker of: Native in HungarianHungarian, Native in EnglishEnglish
PRO pts in category: 153
Grading comment
Thank you very much for your help. The reference you provided clears the issue: as I understand it, it is about a fractional portion of a share (where there is only one share). Thanks again. P.
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