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They created a shadow financial system that could make loans with far less capital than even the inadequate amount the regulations then in effect demanded.
They run with far less capital than banks and have more latitude to include as capital dubious items such as preference shares and tax assets.
Where opening a new clinic may be extremely difficult for a national organization like Planned Parenthood, with its extensive financial and political resources, it is almost impossible for independent abortion providers, who have far less capital and lobbying power.
Not only is it a relative newcomer with far less capital than many others; it is also using zinc as its fuel, a radically different approach from what nearly everyone else uses.
It has far less capital at risk than its bulge-bracket competitors.
Most venture firms start out with far less capital to manage in a debut fund.
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"Digital is far less capital-intensive than film," he adds.
The filing with the federal Bankruptcy Court in Delaware will allow the Los Angeles company to get out of the auto sector and refocus on energy storage, a far less capital-intensive business.
For example, starting a business is becoming far less capital-intensive, leading to efficiency gains and increased competition among early-stage companies.
Having lost the popular vote to Al Gore, George W. Bush entered the White House with far less political capital than Kennedy.
But there's far less political capital to be gained from whaling on Barack Obama, whose promises of transformational change have so far been accepted at face value by most Latin Americans, and the colour of whose skin, if nothing else, gives him credibility with the poor Venezuelans who form Chávez's core constituency.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com