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Exact(7)
Of course, nobody knows exactly what the securities are worth.
This approach drew a torrent of criticism: How could anyone determine what the securities were worth (if anything)?
Because Mr. Cassano had agreed to collateral triggers, all that mattered was what the securities did on a day-to-day basis.
Bankers have argued that the current market prices are far below what the securities should be worth, and say that they should not be forced to take write-downs that are sure to be reversed later.
Since Mr. Kotlikoff believes that Treasury inflation-protected securities, or TIPS, are the only truly "safe" asset -- they keep pace with inflation, and are backed by the United States government -- the default is set at 2 percent, or about what the securities yield now. That's why he believes TIPS should substitute for conventional bonds.
"You have to destroy the old myths of what the securities industry looks like," Cotsakos says.
Similar(49)
This was what the security forces feared most.
She declined to specify what the security measures were.
He would not say what the security entailed.
Who knows what the security services get up to?
What the security and intelligence communities want from the science isn't actually possible.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com