Today, convertible bonds exist mainly as arbitrage opportunities unprofitable ones, for the moment for hedge funds, who own more than 80% of the $290 billion market.Instead, that investor has a new, equity-like instrument in the shape of credit-default swaps, which permit him to insure against the risk of corporate default in a liquid market now worth more than $5 trillion.
Democrats, including Senators Jon S. Corzine of New Jersey, Charles E. Schumer of New York and Christopher J. Dodd of Connecticut, said this week that as long as he is chairman, Mr. Pitt ought to follow rules which permit him to participate in cases involving former clients.
Mr. Binh won a coveted government stamp, which permitted him to start a company.
His thigh bones are unusually long, for example, which permits him to apply just the right amount of torque to the pedals.
His sentence was commuted to imprisonment, and he received a full pardon in 1949, which permitted him to continue his research.
He has the wind in his sails now, which permits him to act modest and to make himself as small as possible.
This time, the angel entrusted the golden plates to him, along with a pair of "seeing stones," called the Urim and Thummim, which permitted him to translate the strange language inscribed on the plates (identified by Smith as "reformed Egyptian").
The officers, Mr. Taylor said, did not appear interested in his medical marijuana card, which permits him to grow up to a dozen marijuana plants in his home or obtain up to 2.5 ounces from a caregiver or a dispensary.
Another consequence of this misfortune was that the Duke of York, who was responsible for the accident, secured for Foote a life patent, which permitted him to continue without subterfuge his performances at the Haymarket Theatre.
His Jesuit confessor arranged his marriage (1609) to an elderly Czech widow, Lucretia Nekšova, with immense estates in Moravia, which permitted him to live lavishly, especially after her death (1614).
Shand grew up in the business — in a house on the Glendronach Distillery grounds, where his father was the manager — which permits him some very salty opinions about Scotch whiskey.
