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Kofuku had excess liabilities of 52.3 billion yen, or $428 million at the time.
Since excess liabilities are calculated by subtracting total financial assets from total liabilities, substantial excess liabilities imply that the industry has carried out large-scale real investments.
Table Y can be represented in matrix terms as follows, where ( varepsilon^{Y} ) means excess liabilities.
In the case of the chaebol, excess liabilities were reduced, while investments in financial assets rose.
In the case of the chaebol, excess liabilities were reduced, while investments in financial assets were increased.
On the other hand, the second group's excess liabilities, which run to nearly 60%, are significantly greater than those of the first group.
Similar(50)
The N.R.A. endorses a policy that offers excess liability coverage — "because accidents do happen no matter how careful you are" — and another that offers "self-defense insurance".
In August, Alterra America Insurance, which wrote an excess liability policy for the N.F.L., sued the league in State Supreme Court in New York.
While umbrella or excess liability policies, which everyone of any means should have, cover injuries of the slip-and-fall variety, they don't always cover liability for employment practices.
Ms. Salvatore noted another benefit of having both forms of coverage from one company: the ability to purchase $1 million of "umbrella" or "excess liability coverage" for both policies for about $200 or $300 more.
Last month, Lloyd's of London asked a federal judge in Texas to declare that it would not have to cover BP's "excess liability" in cleanup and other costs.
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