TERMIUM Plus®
The Government of Canada’s terminology and linguistic data bank.
NON-CALLABLE PREFERRED SHARE [1 record]
Record 1 - internal organization data 2020-11-18
Record 1, English
Record 1, Subject field(s)
- Stock Exchange
- Investment
Record 1, Main entry term, English
- non-callable preferred share
1, record 1, English, non%2Dcallable%20preferred%20share
correct
Record 1, Abbreviations, English
Record 1, Synonyms, English
- non-redeemable preferred share 2, record 1, English, non%2Dredeemable%20preferred%20share
correct
- non-callable preferred stock 3, record 1, English, non%2Dcallable%20preferred%20stock
correct, see observation
- non-redeemable preferred stock 3, record 1, English, non%2Dredeemable%20preferred%20stock
correct, see observation
Record 1, Textual support, English
Record number: 1, Textual support number: 1 CONT
Non-callable preferred shares cannot be called or redeemed as long as the issuing company is in existence. This feature is restrictive from the issuer's standpoint, in that it freezes a part of the capital structure for the life of the company. The feature nowadays is, therefore, rarely built into the terms of Canadian preferreds. It is advantageous to the purchaser since the investment cannot be redeemed. 4, record 1, English, - non%2Dcallable%20preferred%20share
Record number: 1, Textual support number: 1 OBS
The correct French equivalent is "action" in this context because "stock" and "share" are used interchangeably as a singular noun. However, "stock" is usually a collective noun, with "actions" as its French equivalent and "shares" as its synonym. 5, record 1, English, - non%2Dcallable%20preferred%20share
Record 1, French
Record 1, Domaine(s)
- Bourse
- Investissements et placements
Record 1, Main entry term, French
- action privilégiée non rachetable
1, record 1, French, action%20privil%C3%A9gi%C3%A9e%20non%20rachetable
correct, feminine noun
Record 1, Abbreviations, French
Record 1, Synonyms, French
Record 1, Textual support, French
Record number: 1, Textual support number: 1 CONT
Les actions privilégiées non rachetables ne peuvent être rachetées tant et aussi longtemps que la compagnie existe. Cette disposition est restrictive du point de vue de l'émetteur, en ce sens qu'elle bloque une partie de la structure du capital pendant toute l'existence de la compagnie. Par conséquent, cette disposition se rencontre très rarement aujourd'hui dans les émissions d'actions privilégiées canadiennes. Par contre, elle est avantageuse pour l'acheteur puisque ses actions ne peuvent être appelées au rachat. 2, record 1, French, - action%20privil%C3%A9gi%C3%A9e%20non%20rachetable
Record 1, Spanish
Record 1, Textual support, Spanish
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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau
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