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While corporate managers frequently incur large obligations in order to acquire businesses at premium prices, most pension plans have very minor flow-of-funds problems.
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Unlike most children of divorce, those homes were numerous, and their parents' larger obligations to the nation or the Commonwealth were manifold.
While the French and German banks have the biggest direct exposure to Greek's debt, it is American banks and insurance companies that would have the largest obligations to cover payments to those holding the swaps.
In this week's Newsweek, Fareed Zakaria argues that "in the short term, all the solutions to the current crisis require that governments take on more debts and larger obligations.
Governor Cuomo has a larger obligation.
It would, however, represent an important down payment on that larger obligation.
The Lower Manhattan and Port Authority planners understood their obligation in the narrow sense: to serve their clients, forgetting their larger obligation to the people of New York.
Actuaries said the board's approach could ultimately force these companies to report a much larger obligation than they now do.
Some Santas say they now feel a larger obligation to speak up in the face of giant, expensive wish lists, an obligation to lower expectations in a way that only Santas (not parents) can get away with.
The run at Polaroid, and the risk now at airlines and other companies, is being made worse by a technical issue that turns lump-sum distributions into a much larger obligation than the companies accounted for when making contributions to their plans.
And don't Susan and Dr. Centrifuge, as members of the academic scientific community, have a still larger obligation to disseminate their results?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com