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Steven6317 Posted 18 years ago
Grammar

loan

0The company has loans with a book value of $143 million. 02br
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00Does it mean the company lend out $143 million?02br
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00 cheers02br
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00steven0-
  

Top answer

0 The company has borrowed $143 million. 0-

  • 0 The company has borrowed $143 million.
  • 0-
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6 Answers
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0 The company has borrowed $143 million. 0-
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0I would most likely take it as meaning the company borrowed the money. It really could be meant either way, since the sentence doesn't specify loans payble (the company borrowed the money) or loans receivable (the company loaned the money). 0-
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0That is what I thought when I read it. I copy the sentence from the newspaper. 02br
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01font00"Lombard Finance has$127 million of debenture stock and notes, including $111 million owed to secured debenture stock holders.02font02br
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01font00On the ledger's other sided, it has loans with
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0They key in the first sentence context. First they say they they owe, then it says "on the ledger's other side" so that tells you that they are OWED this money - someone has taken a loan from them. Another clue is that it says it's unknown how much can be recovered - that tells you that it's not clear they will be paid back this money - again, saying that they are owed the money, not that they
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0AAAH - context - says it all!050010id5
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0Thanks! I got it now.02br
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00steven0-

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