TERMIUM Plus^®

Fiche 1,  Justifications,  Anglais

Record number: 1, Textual support number: 1 CONT

Report each marked vulture as a separate band number, filling out a banding report as for any other species.  2, fiche 1, Anglais, - banding%20report

Fiche 1,  Justifications,  Français

Fiche 1,  Justifications,  Espagnol

Fiche 2,  Justifications,  Anglais

Record number: 2, Textual support number: 1 DEF

A large vulture(Aegypius monachus) that has entirely dark brown plumage and that is found from southern Europe and northern Africa east to northern India and China.  3, fiche 2, Anglais, - European%20black%20vulture

Fiche 2,  Justifications,  Français

Record number: 2, Textual support number: 1 CONT

Le vautour moine (Aegypius monachus), également appelé vautour arrian et vautour noir, est, après le Gypaète, le plus gros rapace diurne d'Europe.  2, fiche 2, Français, - vautour%20moine

Fiche 2,  Justifications,  Espagnol

Fiche 3,  Justifications,  Anglais

Record number: 3, Textual support number: 1 DEF

A fund that buys securities in distressed investments, such as high-yield bonds in or near default, or equities that are in or near bankruptcy.  2, fiche 3, Anglais, - vulture%20fund

Record number: 3, Textual support number: 1 CONT

... where a creditor of an insolvent debtor assigns its interest to a "vulture fund, "any acquisition of the debtor's property by the vulture fund would not be exempt... because the vulture fund is not the creditor who entered into the credit transaction with the debtor.  3, fiche 3, Anglais, - vulture%20fund

Record number: 3, Textual support number: 2 CONT

Although real estate values overseas are much firmer than in the U. S., investors are looking for bargains in spots such as London and Sydney, where office overbuilding has badly undercut prices. Jones Lang Wootton, the British real estate company, has set up a $3 billion "vulture fund" to swoop in on vulnerable properties.  4, fiche 3, Anglais, - vulture%20fund

Record number: 3, Textual support number: 1 OBS

The term "vulture fund" is formed by collocation(noun compound) to form one unit of meaning to designate a new notion. The word "vulture" is used in its figurative sense which means "something which preys upon a person, the mind, etc., after the manner of a vulture. "  5, fiche 3, Anglais, - vulture%20fund

Fiche 3,  Justifications,  Français

Record number: 3, Textual support number: 1 DEF

Fonds commun de placement ou société d'investissement à capital variable qui acquiert à bas prix des titres de sociétés en difficulté dans le dessein d'en ravir le contrôle.  2, fiche 3, Français, - fonds%20%C3%A0%20vautour

Record number: 3, Textual support number: 1 CONT

[...] si le créancier d'un débiteur insolvable cède son intérêt à un «fonds à vautour», l'acquisition des biens du débiteur par ce fonds n'est pas soustraite [...] parce que le fonds n'est pas le créancier qui a réalisé la transaction de crédit avec le débiteur.  3, fiche 3, Français, - fonds%20%C3%A0%20vautour

Fiche 3,  Justifications,  Espagnol

Record number: 3, Textual support number: 1 DEF

Fondo de capital riesgo que invierte en una entidad o en deuda pública de un país cercanos a la quiebra.  1, fiche 3, Espagnol, - fondo%20buitre

Record number: 3, Textual support number: 1 OBS

La Fundación del Español Urgente (Fundéu BBVA), con el asesoramiento de la Real Academia Española, indica que la expresión "fondo buitre" no necesita comillas al estar ya extendida en los medios de comunicación. Se recuerda asimismo que el plural mayoritario en el uso es "fondos buitre".  1, fiche 3, Espagnol, - fondo%20buitre

Fiche 4,  Justifications,  Anglais

Record number: 4, Textual support number: 1 CONT

Vulture investors are individuals and institutions that come to the aid of, or prey upon, troubled companies. Smart vultures don’t simply buy common shares in a company that is trending toward bankruptcy. Instead, they’ll lend money at extraordinarily high interest rates, or demand a chunk of equity in return for the loan, or demand to buy stock at a discount to the current market price. Frequently, such transactions cause a dilution of the value of the shares held by existing shareholders and create a situation in which the new investors have better claims on a company's assets and income than do existing common shareholders.  3, fiche 4, Anglais, - vulture%20investor

Record number: 4, Textual support number: 2 CONT

Distressed debt investors are sometimes referred to as vultures because they specialize in buying up the bonds of struggling companies in the hopes of seeing the bond value rising in a restructuring or recovery of a business. Investing in debt of distressed businesses involves high risks such as the company going bankrupt and the bonds of the company becoming worthless.  4, fiche 4, Anglais, - vulture%20investor

Record number: 4, Textual support number: 1 OBS

The colourful name "vulture" arises from the word picture of these opportunistic investors picking over the bones of companies wounded by financial setbacks.  4, fiche 4, Anglais, - vulture%20investor

Fiche 4,  Justifications,  Français

Record number: 4, Textual support number: 1 DEF

Investisseur qui cherche à acquérir à bas prix des titres principalement obligataires de sociétés en difficulté pour arriver à en contrôler le capital.  4, fiche 4, Français, - investisseur%20vautour

Record number: 4, Textual support number: 1 CONT

L'investisseur vautour apparaît lorsqu'une entreprise ne peut plus ou presque assurer ses paiements (obligations ou emprunts). Ils reprennent à leur compte ces obligations et ces emprunts pour un prix au rabais en espérant qu'après la faillite (via une vente d'actifs) ou bien une injection de capitaux et un éventuel redressement, ils pourront en retirer une plus-value. Les bénéfices peuvent en effet être phénoménaux le risque doit effectivement être récompensé mais bien souvent la perte couvre l'ensemble du chiffre d'affaires.  5, fiche 4, Français, - investisseur%20vautour

Fiche 4,  Justifications,  Espagnol

Fiche 5,  Justifications,  Anglais

Record number: 5, Textual support number: 1 DEF

A reduction in output or expenditure (rate, amount or number) which is bitterly received by the public: similar to "cutback", but more pejorative.  2, fiche 5, Anglais, - clawback

Record number: 5, Textual support number: 1 CONT

What I (and I suspect 90% of my fellow-readers) find truly scandalous in the Peter Kormos flap is that, at this time of anemic business activities and emaciated corporate profits - not to mention hospital cutbacks and pension clawbacks - somebody is actually being paid $60,000 per annum out of the public purse to monitor sexism in beer ads.  1, fiche 5, Anglais, - clawback

Record number: 5, Textual support number: 1 OBS

This neologism is a compound. It is formed by putting together a word(claw) and a combining form(-back). Compounds are formed of various parts of speech, and often a compound differs in part of speech from its components(for example : claw(verb) + back(adverb)=clawback(noun]. A compound may appear to be quite self-explanatory, but often it holds a specialized meaning. Semantically, a clawback is a cutback taken several steps further. The words resemble each other, but the connotations are quite different : while a "cutback" might meet some public resistance, a "clawback" gives the impression of something virtually torn from the hands of the public and dragged away. "Claw" gives the idea of a vulture, and includes all of its negative implications. It should also be pointed out that "clawbacks" rhymes with "drawbacks", and while the latter is never actually seen, the reader likely makes a psychological connection between the two words, amplifying the effect of the former.  2, fiche 5, Anglais, - clawback

Record number: 5, Textual support number: 2 OBS

"Clawback" may be what is often termed a "nonce word" - a new word that is coined specifically for the occasion, a coinage which may soon disappear. Nonce words are formed with existing elements in the language, its standard words, combining forms, and affixes. Nonce words are often playful or fanciful coinages, many are puns, or are humorous.  2, fiche 5, Anglais, - clawback

Fiche 5,  Justifications,  Français

Fiche 5,  Justifications,  Espagnol