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Remember, the shareholders' equity subtracts off liabilities.
The transition costs represent the government paying off liabilities it has already accrued.
In parallel, European supervisors are conducting detailed examinations of each bank's liquid assets, or its reserves of readily available assets and cash that can be used to pay off liabilities at a given time.
Dudley blamed the annual loss, plus a fourth-quarter deficit of $2.2bn, on the collapse in oil prices, coupled with the continuing fallout from paying off liabilities for the Deepwater Horizon disaster in the Gulf of Mexico.
Firing Mr. Levandowski provides Uber "a way to cut off liabilities potentially and highlights that they were not acting willfully," said Russell Beck, an intellectual property lawyer and founding partner at the Boston law firm Beck Reed Riden.
The pull of the overwhelming liquidity in Betfair's markets is difficult to resist, and it extends to the in-running markets too, where its clients enjoy the chance to lay off liabilities.
Similar(51)
This has the neat side-effect of also handing off liability for data errors.
Predatory lending took off, liability went out the window, bad loans created a pandemic of foreclosures and job losses.
The nurse brought in the papers to terminate his treatment, seal off liability, sever connections between Julian and the clinic.
State law guarantees insurance discounts to graduates of defensive driving classes: at least 10percentt off liability and collision premiums for three years.
Most would be surprised to learn that cellphone manufacturers, presumably to ward off liability claims, already advise users in very small print to hold the phones a short distance from the body while calling.
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CEO of Professional Science Editing for Scientists @ prosciediting.com