Glossary entry (derived from question below)
English term or phrase:
patrimony
English answer:
founding assets, initial capital
Added to glossary by
Nick Lingris
Jul 1, 2005 20:13
18 yrs ago
10 viewers *
English term
patrimony
English
Bus/Financial
Accounting
can a native English speaker tell me if the word patrimony says to him something? (in accounting field)
Responses
5 +1 | founding assets, initial capital | Nick Lingris |
4 +1 | endowment, inheritance | swisstell |
5 | Endowment (fund): the capital that provides income for an institution | Anna Maria Augustine (X) |
3 +1 | inheritance | Melanie Nassar |
3 | Webster says | Jonathan MacKerron |
Responses
+1
5 hrs
Selected
founding assets, initial capital
The assets of the company at the time of its foundation. Patrimony is the term often used in countries of eastern Europe.
From the Britannica:
Business associations have three distinct characteristics: (1) they have more than one member (at least when they are formed); (2) they have assets that are legally distinct from the private assets of the members; and (3) they have a formal system of management, which may or may not include members of the association... The second feature, the possession of distinct assets (or a distinct **patrimony**), is required for two purposes: (1) to delimit the assets to which creditors of the association can resort to satisfy their claims...
The initial *patrimony* of the Foundation can be increased... Initial capital or *patrimony*, expressed in legal currency, no less than the equivalent of ten thousand US dollar
[http://www.infagar.com/prac_foundation.shtml]
Art.24. The *patrimony* represents the initial contribution made to the Association on behalf of founding members. [http://www.arpim.ro/stateng.htm]
From the Britannica:
Business associations have three distinct characteristics: (1) they have more than one member (at least when they are formed); (2) they have assets that are legally distinct from the private assets of the members; and (3) they have a formal system of management, which may or may not include members of the association... The second feature, the possession of distinct assets (or a distinct **patrimony**), is required for two purposes: (1) to delimit the assets to which creditors of the association can resort to satisfy their claims...
The initial *patrimony* of the Foundation can be increased... Initial capital or *patrimony*, expressed in legal currency, no less than the equivalent of ten thousand US dollar
[http://www.infagar.com/prac_foundation.shtml]
Art.24. The *patrimony* represents the initial contribution made to the Association on behalf of founding members. [http://www.arpim.ro/stateng.htm]
4 KudoZ points awarded for this answer.
Comment: "finally ..i got it.thanks.eisai o kalyteros."
+1
7 mins
inheritance
What a person inherits from his parents; could be cash, house, land, a company, etc.
But not (necessarily) in an accounting sense, although I suppose it could come up in accounting.
Wha
But not (necessarily) in an accounting sense, although I suppose it could come up in accounting.
Wha
+1
9 mins
endowment, inheritance
English Dictionary Computer Dictionary Thesaurus Dream Dictionary Medical Dictionary
Search Dictionary:
Meaning of PATRIMONY
Pronunciation: 'patru`mownee
WordNet Dictionary
Definition: [n] an inheritance coming by right of birth (especially by primogeniture)
[n] a church endowment
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Synonyms: birthright
See Also: endowment, endowment fund, heritage, inheritance
15 mins
Endowment (fund): the capital that provides income for an institution
Noun 1. patrimony - a church endowment
endowment fund, endowment - the capital that provides income for an institution
2. patrimony - an inheritance coming by right of birth (especially by primogeniture)
birthright
inheritance, heritage - that which is inherited; a title or property or estate that passes by law to the heir on the death of the owner
www.thefreedictionary.com/patrimony
endowment fund, endowment - the capital that provides income for an institution
2. patrimony - an inheritance coming by right of birth (especially by primogeniture)
birthright
inheritance, heritage - that which is inherited; a title or property or estate that passes by law to the heir on the death of the owner
www.thefreedictionary.com/patrimony
44 mins
Webster says
"1 a : an estate inherited from one's father or other ancestor (financially that decision cost him a great share of his patrimony R.J.B.Sellar) b : anything derived from one's father or ancestors : HERITAGE c : an inheritance from the past (man may soon use up his patrimony of oil, and after that his inheritance of coal Leonard Engel) (a most important part of the intellectual patrimony of Italy R.A.Hall b. 1911)
2 a : an estate or property held by ancient right b : an ancient right c : an ancient estate or endowment (as of a church)"
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Note added at 45 mins (2005-07-01 20:58:36 GMT)
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in so many words, everything that one inherits from his/her family
2 a : an estate or property held by ancient right b : an ancient right c : an ancient estate or endowment (as of a church)"
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Note added at 45 mins (2005-07-01 20:58:36 GMT)
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in so many words, everything that one inherits from his/her family
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