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Anonymous Posted 16 years ago
Vocabulary
Represent
Hi,
Does the following sentence mean that an investment in the fund or financial product is not used by xxx bank to pay deposits or other liabilities to its customers or creditors?
An investment in any xxx fund or financial product does not represent deposits or other liabilities of xxx bank.
Thanks in advance.
Does the following sentence mean that an investment in the fund or financial product is not used by xxx bank to pay deposits or other liabilities to its customers or creditors?
An investment in any xxx fund or financial product does not represent deposits or other liabilities of xxx bank.
Thanks in advance.
Top answer
It means that the bank is just the broker, I think. The investments offered are not investments in that bank, but shares, deposits in or liabilities of other entities.
- It means that the bank is just the broker, I think.
- The investments offered are not investments in that bank, but shares, deposits in or liabilities of other entities.
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2 Answers
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It means that the bank is just the broker, I think. The investments offered are not investments in that bank, but shares, deposits in or liabilities of other entities.
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Thank you for the answer!
>The investments offered are not investments in that bank, but shares, deposits in or liabilities of other entities.
It makes sense. So maybe the investments offered are not recorded as deposits or other liabilities in the bank's financial statement.
>The investments offered are not investments in that bank, but shares, deposits in or liabilities of other entities.
It makes sense. So maybe the investments offered are not recorded as deposits or other liabilities in the bank's financial statement.
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