créance liquide

15:22 Nov 19, 2009 

I agree that "liquidated "would be appropriate in a legal context, but "liquid" is appropriate here in a financial context.

15:14 Nov 19, 2009 

Chris, Rob and GDT are right, 'liquidated claim' is a legitimate translation of this term, though it seems pointlessly legalistic in this context. Obviously, if the debt is being extinguished for consideration, it has to be a liquidated claim (amount determined with certainty). I think the company's point here is more that it is not an *illiquid* claim.

09:11 Nov 19, 2009 

...with rkillings' interpretation. Of course, "liquidated claim" is *a* translation for "créance liquide", but it is not *the* appropriate translation in this particular case.

00:26 Nov 19, 2009 

but I find it a trusty source of reference and it states that "créance liquide" is a translation for "liquidated claim". I appreciate that it is not always right and that there are most probably other translation of "créance liquide" but the GDT has helped me out on many occasions.

00:23 Nov 19, 2009 

Well, yes, the claims *become* liquidated when the company exchanges them for equity -- but the reason it was willing to do this is that those claims were liquid and payable: it would have had to pay them soon if it didn't do something to deal with them, and presumably it didn't have the cash.
The point is only that 'liquidated claims' isn't actually a translation of créances liquides here.

00:11 Nov 19, 2009 

but if you are as sure as you seem, you should post it as an answer so you get the full amount of credit for it.

23:59 Nov 18, 2009 

The company got a cash equity infusion and extinguished some short-maturity debt by giving creditors new shares in exchange.