Your English writing platform
Discover LudwigSuggestions(1)
Exact(1)
I have always taken it as meaning that if the debtor can think up another way to give the creditor the exact equivalent of its collateral, that works too.
Similar(59)
Then he was hired as a staff attorney at the Southern Coalition for Social Justice, a firm that works to negate the collateral consequences of mass incarceration in America.
Professor John Geanakoplos: Collateral, that's something.
Theirs was a marriage that worked in its own terms, despite the collateral damage.
In this country, felony convicts are saddled with a host of unseen penalties, commonly called "collateral consequences". These sanctions, restrictions, and exemptions result from civil laws that work against criminal convicts.
You might think that the way in which collateral works is that now the lender feels safer, because even if you end up defaulting on the loan, at least they get this house.
Our choices were, should we push for concessions and try to use whatever leverage we had to get those concessions, or should we simply go to par, which would apply to every counterparty -- and the way par works is you offset the collateral that these counterparties had been pulling out of AIG against you offset that collateral against the par price of the bonds.
In addition, criminal prosecutions can easily lead to all sorts of collateral consequences that could prevent BP from working full tilt on safety.
Now notice that the way in which this collateral works.
There's a subtlety to how this collateral works.
There are so many collateral consequences that follow any arrest.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com