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.

This approach has several advantages by leaving the face value of the debt unaltered, EU officials could argue that restructuring Greece s debt did not amount to a default, thereby limiting contagion.

The final tab on the toxic mortgage bailout and other assets is likely to be a larger percentage of a larger amount, but still far less than the face value of the loans, because the underlying assets will in many cases retain considerable value.

The alternative is to cut the face value of Greece s debt.

Inflation has caused the face value of coins to fall below the hard currency value of the historically used metals.

If we take this metaphor at face value, there is a surprising consequence.

The threshold, as a fraction of the maximum luminosity value, needed to apply the difference amount.

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.

The evidence adduced by the claimant does not permit the Panel to verify and value that amount precisely.

Alternatively, the debt holders can agree to reduce the face value of debt, in exchange for some warrants.

And, with the face value of the debt unchanged, the psychological drag on expectations and investment might linger.

The original copper coins ( as ) had a face value of one Roman pound of copper, but weighed less.

The Committee recalls that the definition of racial discrimination in article 1 expressly extends beyond measures which are explicitly discriminatory to encompass measures that are not discriminatory at face value but are discriminatory in fact and effect, that is, if they amount to indirect discrimination.

Successive waves of QE would amount to debasing the value of the dollar, and thus inflating away massive US debts.

This value controls the amount of distortion. Negative values correct lens barrel distortion, while positive values correct lens pincushion distortion.

This amount represents the present value, which is the discounted value of all benefits, less retirement contributions to be paid in the future to all current retirees and active employees expected to retire.

The indispensible first step, however, is a deep write down of Greek debt to less than half its face value.

America s credibility, already low in Yemen, has hit rock bottom its leaders words are no longer taken at face value.

The value of improvisation in the face of novel threats does not imply that existing rules should be peremptorily discarded.

The estimation of the present value of Provident Fund loans on an aggregate basis indicates that the difference between the book value and the present value of the Provident Fund loans would be immaterial relative to the overall balance sheet total and amount to 1,371,727.20.

Russia s foreign exchange reserves fell by 16 billion in one week, and Gazprom s value fell by the same amount in one day.

It is a useful tool for ranking projects because it allows you to quantify the amount of value created per unit of investment.

I immediately sell that bond in the market, for 0.91, so I get 9.1 million ( 0.91 x 10 million at face value).

The ecological service value which Iran uses to calculate this amount is that estimated in R. Costanza et al., The value of the world's ecosystem services and natural capital , Nature, Volume 387, No. 6630 (1997), p. 253.

This can be accomplished in two ways sharply cutting the interest rate paid by Greece, or reducing the face value of the debt.

And others have been far too willing to accept at face value submissions from countries where the rule of law is routinely abused.

Where the result of this calculation is a net sink of greenhouse gases, this value shall be added to the assigned amount of that Party.

So, if Latin American countries wanted to export higher value added goods, they would face significantly higher tariffs, undermining their competitiveness in Asian markets.

Japanese households hold about 1,100 trillion in net monetary assets, an amount that will be exceeded in about 3 5 years by the value of JGBs.

But as more goods are produced while the wage per worker is fixed, profits increase by exactly the same amount as the value of output does.

Where the result of this calculation is a net source of greenhouse gas emissions, this value shall be subtracted from the assigned amount of that Party.

I borrow, at face value, 10 million of the Greek government s 2016 bond, which is then trading at 0.91, from Goldman Sachs for six months.

Diana might have had a better life in the US, where people and the media are more ready to accept good intentions at face value.

China, meanwhile, with foreign reserves worth half its total output, denies with a straight face that it is deliberately manipulating the value of the renminbi.

Some experts endeavoured to quantify the losses arising from inefficiencies, which in the example of textiles could amount to more than 12 per cent of total value.

Taken at face value, it seems to suggest that governments have all but abandoned their commitments to the World Trade Organization and the multilateral trade regime.

Method The peroxide value is determined by measuring the amount of iodine which is formed by the reaction of peroxides (formed in fat or oil) with iodide ion.

And yet, in the end, Greece had little choice but to restructure its debt, cutting the value of private claims by about 75 relative to their face value (although even this is probably not enough to make the country s debt burden sustainable).

But, after so many disappointments, China cannot accept at face value the assurances of European politicians, which even they themselves do not know whether they can redeem.

The Argentine Government undertook a first debt swap in June 2001 government bonds with a face value of 29.5 billion were voluntarily exchanged for longer term instruments.

Derivatives markets for real estate should also facilitate the creation of mortgage loans that help homeowners manage risks by, say, reducing the amount owed if a home s value drops.

In his 1908 essay Der moderne Denkmalkultus (The modern cult of monuments) he describes historical value, artistic value, age value, commemorative value, use value, and newness value.

They bought the old bonds at a fraction of their face value, and then used litigation to try to force Argentina to pay 100 cents on the dollar.

South America is outside the world s main value chains. Innovative firms face the uphill challenge of developing entire new products and selling them in geographically and economically distant markets.

By June 30, when I am due to return the 10 million in face value Greek 2016 bonds to Goldman Sachs, the bond is trading at only around 0.72.