Value
in sentence
5399 examples of Value in a sentence
But, as a result of no-recourse mortgages in many US states, the entire mortgage debt was then extinguished, even if the
value
of the home was too low to cover the balance still due.
Moreover, even in those states where there is full recourse, so that the homeowner remains liable for the full amount of the mortgage loan (that is, the difference between the balance due and the
value
recovered by selling the home), America’s procedures for personal bankruptcy offer a relatively quick solution.
The big change in financial markets has been the steep decline in the
value
of the pound.
The decline in the pound’s
value
may also start to hurt households.
Nearly 200 years later, humanity still does not seem to understand water’s value, exemplified in decades of poor water management and governance practically everywhere.
For example, the official python trade covered by permits has an annual market
value
of $1 billion; but another estimated $1 billion in python products is traded on the black market.
Although accounting rules often permit banks to price these assets at face value, it is generally believed that the fundamental
value
of many toxic assets has fallen significantly below face
value.
Rather than estimate the economic
value
of banks’ assets – what the assets would fetch in a well-functioning market – and the extent to which they exceed liabilities, the stress tests merely sought to verify that the banks’ accounting losses over the next two years will not exhaust their capital as recorded in their books.
As long as banks are permitted to operate this way, the banks’ supervisors are betting on the banks’ ability to earn their way out of their current problems – even if the
value
of their assets doesn’t now significantly exceed their liabilities.
But doesn’t the banks’ ability to raise new equity capital indicate that, regardless of whether the stress tests are reliable, investors believe that their assets’
value
does significantly exceed their liabilities?
Suppose that the bank has assets with long maturity and a face
value
of $1.2 billion but whose current economic
value
is only $1 billion.
Although the
value
of the bank’s assets doesn’t exceed its liabilities, depositors won’t flee as long as the government backs the bank by guaranteeing its deposits.
If in two years the bank’s assets have a 50-50 chance of appreciating to $1.2 billion or declining to $0.8 billion, the bank will be able to raise new equity capital: new investors will be willing to pay for the prospect of sharing in the excess of the
value
of assets over obligations if things turn out well.
To get a good picture of banks’ financial health, estimating the
value
of their toxic assets is unavoidable.
Regulators could encourage each bank to sell part of its toxic portfolio and extrapolate the portfolio’s
value
from the price obtained in such a sale, or they could attempt to estimate the portfolio’s
value
as well as they can on their own.
Either way, the true
value
of banks’ toxic assets must be estimated before concluding that banks are armed with sufficient capital to carry out their critical roles.
As a currency, Bitcoin should be a serviceable unit of account, means of payments, and a stable store of
value.
And it is a poor store of value, because its price can fluctuate by 20-30% in a single day.
As is typical of a financial bubble, investors are buying cryptocurrencies not to use in transactions, but because they expect them to increase in
value.
But for money to have value, and to generate economies of scale, only so many currencies can operate at the same time.
Cryptocurrencies have no intrinsic value, whereas fiat currencies certainly do, because they can be used to pay taxes.
Fiat currencies are also protected from
value
debasement by central banks committed to price stability; and if a fiat currency loses credibility, as in some weak monetary systems with high inflation, it will be swapped out for more stable foreign fiat currencies or real assets.
By extension, any nominal debt contract denominated in Bitcoin would rise in real
value
over time, leading to the kind of debt deflation that economist Irving Fisher believed precipitated the Great Depression.
Of course, the idea of reusing materials within continuous closed loops to extract their maximum
value
is not a new one.
But the
value
of multilateralism itself transcends any particular program or policy.
Great Expectations for the RenminbiSHANGHAI – The International Monetary Fund’s recent decision to add the Chinese renminbi to the basket of currencies that determine the
value
of its reserve asset, the Special Drawing Right, has captured headlines around the world.
The renminbi offshore market, which has strengthened considerably over the last few years, would lose value, forcing the People’s Bank of China to channel foreign-exchange reserves toward that market to offset the decline.
Another major difference today is that many firms are a part of global
value
chains, whereby goods are assembled in countries like Mexico or China from imported components, the most sophisticated of which often come from the US.
But assembly is usually a low-skill, low-wage activity at the bottom of the
value
chain.
China today largely controls the entire
value
chain of rare earths from mine to magnet.
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