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The EFSF bonds have an explicit guarantee so ought to be seen by investors as safer.
In return the industry received an explicit guarantee that the F.D.A. would not ban cigarettes outright.
Indeed state enterprises were often allowed to borrow abroad with the explicit guarantee of the central government.
Mr Assange's latest lawyer, Baltasar Garzón, a Spanish former magistrate, wants Sweden to provide an explicit guarantee that it will not send Mr Assange to the United States.
At the end of the day, America's Taiwan Relations Act is an explicit guarantee of security for Taiwan against Chinese military aggression.
To halt the decline, European governments should follow Ireland's lead and make an explicit guarantee of deposits to end potential distrust among depositors.
Similar(29)
Unless there are explicit guarantees to these banks soon, the market will likely take a further turn for the worse.
One is the effect that the removal of explicit guarantees, if it happened, would have on the public-sector banks' ratings, and hence on their competitiveness.A second is the response of individual landesbanks.
In their news conference, the generals dismissed the public outrage last fall over their efforts to insert into the planned constitution explicit guarantees of the military's power and autonomy as a guardian of political stability.
Still, he said, "explicit guarantees need to be included when assessing the liabilities of a state in a meaningful way as they have a value and affect the guarantor's overall financial position".
The Bush administration and conservative Republicans in Congress are adamantly opposed to the court, which they perceive as an infringement on American sovereignty, and have pressed for explicit guarantees that American military personnel abroad will not be subject to it.
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CEO of Professional Science Editing for Scientists @ prosciediting.com