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The performance of hedge funds, as measured by the HFRI hedge-fund index, was greatly understated.
"The reports of my death have been greatly understated," Morrissey quipped last week.
Greece has been the subject of anxiety for more than two years, since its national accounts were found to have greatly understated the parlous state of its finances.
But she wasn't responsible for some of the bank's key failures, such as introducing a new risk model that greatly understated the risks that Iksil and others were taking.
Greece's borrowing costs soared and the foundations of the euro were shaken after the revelation last October that the country had for years greatly understated the degree of its indebtedness.
If borrowers refinance after three years, for example, but the A.P.R. is calculated over a 30-year period, the total costs of the loan are greatly understated, and can wrongly steer borrowers toward loans with higher upfront fees.
Similar(46)
These numbers greatly understate the violence.
But this greatly understates the scale of urban decline.
Even that number may greatly understate the toll of livestock on the environment.
Western analysts, he complained, accuse China of greatly understating its military budget.
These numbers greatly understate the number of filed cases, however, since the vast majority are settled.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com