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Exact(9)
Then it cuts the value of your policy just before it is due to mature.
In his case, this cuts the value of the pledge by nearly £8,000.
As life expectancy at retirement increases the NDC annuity formula becomes less generous, which cuts the value of pensions.
First-order effects are easier to think through: a ratings downgrade of a "monoline" bond insurer cuts the value of the insurance policy it has written.
The company said in a statement that it would take $250 million in pretax noncash charges in the third quarter as the slump in commercial aviation particularly cuts the value of older and out-of-production aircraft.
Bruno Boccara, S.& P.'s chief analyst for Argentina, said the company would rate bonds in any exchange that cuts the value of investors' holdings as defaulted debt and would reduce Argentina's rating to SD, or selective default.
Similar(51)
The next day, investors cut the value of Homestore shares by more than half.
Lower ratings can cut the value of existing bonds and raise future borrowing costs.
Investors have cut the value of the social networking giant by about $50 billion in the past two days.
The renegotiated deal would cut the value of the acquisition by half, they said, to roughly $4 billion.
Cutting the value of unemployment benefits won't make much of an impact on the deficit.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com