Since its member banks are conducting lots of transactions, it calculates the net amount of members' obligations in each of the 17 currencies it settles daily.
After graduating and starting a career as a professor, a young researcher usually finds him/herself lost due to a huge amount of new obligations and opportunities.
After finishing a Ph.D. and starting a career as a professor, a young researcher usually finds him/herself lost due to the huge amount of new obligations and opportunities.
Refinancing the principal amount of maturing obligations does not impact the par amount of bonds outstanding subject to the debt ceiling, it simply replaces old maturing bonds with new bonds on a dollar for dollar basis.
McKinley, out of gratitude for loans in his younger days, had guaranteed the friend's business notes, without ever grasping the full amount of the obligations he was taking on.
Furthermore, the personal situation often has an influence on career aspirations and success, in the sense of parents being role models (being academics), of receiving support by a partner, and of the amount of chores obligations; the latter two factors are more important for women [ 17].
That's three to five times the amount of our general obligation bonds, and just as real of an obligation.
The accounting rule governing contingent liabilities, adopted 27 years ago by the Financial Accounting Standards Board, states that "the nature and amount" of any contingent obligation should be disclosed "even though the possibility of loss may be remote".
He has decided to reduce the amount of state general obligation bonds in his portfolios while buying more industrial development bonds tied to water and sewer revenues and public power bonds tied to electric utilities.
In our story on credit derivatives in last week's issue ("Russian doll"), we said that the outstanding nominal amount of collateralised debt obligations at the end of 2003 was $800m.
But lenders typically require people who use a fixed-rate loan to withdraw all the money at once — so they'll be limited to 60 percent (or the amount of their mandatory obligations plus 10 percent).
