Lastly, the division and nominal value of the shares had not been specified.

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

Prepayments involve paying off at par the outstanding stock of debt.

The Parties may note that the nominal budget increase of 5 per cent from the 2002 2003 budget to the 2005 budget translated into a significant decrease in the amount of available resources, mainly due to the impact of the depreciation of Usthe United States dollar against the Euro This resulted in severe financial limitations that affect the work of the secretariat.

Should always be cut to match the nominal work piece diameter

Its nominal interest rates will rise as bondholders fear inflation.

History shows that rising inflation is eventually followed by higher nominal interest rates.

Cost is defined as the nominal value plus or minus any unamortized premium or discount.

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

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.

Reducing the face value of mortgages and providing the upside in case home prices were to rise in the long run to the creditor banks is another way to convert mortgage debt partly into shareholder equity.

If inflation rises, nominal house prices don t need to fall as much.

Currently their nominal wages are only about 7 of the West European average.

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

In other words, negative nominal rates merely make your return more negative than it already was. Investors accept negative returns for the convenience of holding cash balances, so, in a sense, there is nothing new about negative nominal interest rates.

In nominal terms, Italian and Spanish borrowing costs are indeed comparable to the levels of the late 1990 s.

When it does, it must write down the principal value of that debt by at least 50 .

Nominal wages may increase, while real wages stagnate, owing to higher inflation.

And with our program set to cut both pockets to the nominal size, we are ready to cut our jaws

The authorities will issue 35.2 billion in new securities, comprising 15 billion in par bonds, 11.9 billion in discount bonds and 8.3 billion in quasi par bonds.

This is exacerbated by the fact that borrowers can deduct only nominal interest payments when calculating their taxable income.

What would help is if their nominal disposable income rose relative to their (fixed) debt service.

When boring OD gripping soft jaws cut the inside diameter of the jaws to the nominal work piece diameter

Latin America and the Caribbean region received the largest flows of remittances in nominal terms in 2004, but for the region as a whole, they represent a higher proportion of gross domestic product in the Middle East and North Africa.

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

And if the decline in nominal wages signals that there is an excess supply of labor, matters only get worse.

For example, average nominal wages for women throughout the country are 2.4 fold higher than for rural women.

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

The point at which credit risk becomes exchange rate redenomination risk is ambiguous.

To maintain growth, they need a nominal and real depreciation of their currency to reduce their trade deficits.

As long as nominal interest rates are rising because of inflation expectations, the increase is part of the solution, not part of the problem.

Relative prices are much easier to change when there is modest inflation than when nominal price reductions are required.

Indeed, despite domestic resistance, the PBOC must raise nominal interest rates so that they are in line with structural inflation.

Despite this variation, in our case we will still cut the pocket to hold the raw stock, at the nominal stock diameter

But real interest rates did not fall enough, because nominal interest rates cannot go below zero.

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

The figures for ODA are based on concessional transfers with grant equivalence of 25 per cent of nominal flows.

Here's another case, a knifing.

Nonetheless, nominal rates do matter. When they are negligible, they flatter profit statements, while balance sheet problems slowly accumulate.

For example, for the first time, North Korea s prime minister publicly apologized for a policy error the failure of the currency redenomination.

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

Once nominal interest rates cannot be lowered further, central banks use other tools to determine the monetary policy stance.

But the inflation that accompanies it will produce a steeper and larger erosion of real wealth invested in nominal bonds.

In fact the case of Nicaragua is special.

Let's look at one case, the case of Bangladesh.