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English to English translations [Non-PRO]
Bus/Financial - Economics | | English term or phrase: 100 cents on the dollar | two examples of how it's mentioned:
"This risk to the banks is particularly acute when dealing with whole loans that the banks currently say they have no plans to sell. These loans are often carried at 100 cents on the dollar, because loans classified as held to maturity dont have to be marked to market. Even subsidized buyers wont likely be willing to pay anywhere near 100 cents on the dollar for these loans. So, here, the writedowns could potentially be huge."
"Banks would have suffered huge losses if A.I.G. had been allowed to fail. So it seemed only fair for them to bear part of the cost of the bailout, which they could have done by accepting a “haircut,” or reduced payments, on the amounts A.I.G. owed them. The government asked them to do just that. But they said no — and that was the end of the story. Taxpayers not only ended up honoring foolish promises made by others, they ended up doing so at 100 cents on the dollar."
can you pls provide a simple explanation of what exactly is meant by it? |
| vitaminBcomplexKudoZ activityQuestions: 210 (none open) ( 1 without valid answers) ( 6 closed without grading) Answers: 0
| Local time: 20:03
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| | Full value, 100% | Explanation:
The phrase "100 cents on the dollar" means 100%, or 'at full value'. The banks refused to accept a reduced value (payment) to take them on.
For instance, in a bankruptcy, creditors may be court ordered to accept payment of 50 cents on the dollar, or half the original debt, to settle it. A settlement of this reduced type is generally seen to be better than nothing, or zero cents on the dollar.
Banks want full payment, 100% of the original value on the bad A.I.G. loans, whereas if they would have accepted 80 or 70 or even 60 cents on the dollar to take them on, the outcome would have had a less devestating financial impact on the government and the taxpayers. |
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 Demi Ebrite
United States
Local time: 12:03
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39 mins confidence:   peer agreement (net): +5 Full value, 100%
Explanation:
The phrase "100 cents on the dollar" means 100%, or 'at full value'. The banks refused to accept a reduced value (payment) to take them on.
For instance, in a bankruptcy, creditors may be court ordered to accept payment of 50 cents on the dollar, or half the original debt, to settle it. A settlement of this reduced type is generally seen to be better than nothing, or zero cents on the dollar.
Banks want full payment, 100% of the original value on the bad A.I.G. loans, whereas if they would have accepted 80 or 70 or even 60 cents on the dollar to take them on, the outcome would have had a less devestating financial impact on the government and the taxpayers.
| Demi Ebrite
United States
Local time: 12:03
Native speaker of:  English
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The translation workplace 
