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Akdom Posted 17 years ago
Grammar
Sentence with "boilerplate' eludes me........
Lawmakers must ask Mr. Geithner for specific examples of the differences between standard and custom contracts. Are the differences really so great? Lawmakers must bear in mind that because the derivatives market is private, there is no way to know if products sold as customized are, essentially, boilerplate. Lawyers who have examined many derivative contracts say most of the language in them is highly standardized, even copyrighted.
boilerplate:n. Inconsequential, formulaic, or stereotypical language
Could you explain what the underlined sentence means without going into finanical jargons?
This is what I have in mind:
Since the "derivatives market" is private, you couldn't possibly know the "customized products" are....(and here is the place where he lost me)
"Customized Products" are 'Formulaic Language'?
I don't see the connection between the meaning "boilerplate" with all this. And yes, "boilerplate" is a new vocabulary for me.
boilerplate:n. Inconsequential, formulaic, or stereotypical language
Could you explain what the underlined sentence means without going into finanical jargons?
This is what I have in mind:
Since the "derivatives market" is private, you couldn't possibly know the "customized products" are....(and here is the place where he lost me)
"Customized Products" are 'Formulaic Language'?
I don't see the connection between the meaning "boilerplate" with all this. And yes, "boilerplate" is a new vocabulary for me.
Top answer
Akdom: Suppose you can go to two different shops in your city to get a haircut. You can go to a shop that cuts everybody's hair the same - you only can say how long it will be. It will cost $8.
- Akdom: Suppose you can go to two different shops in your city to get a haircut.
- You can go to a shop that cuts everybody's hair the same - you only can say how long it will be.
- It will cost $8.
- This shop does "standardized" haircuts.
- You can go to another shop where there is a trained stylist who knows all the latest styles and also knows how to choose the best style and shape for every individual.
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2 Answers
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Akdom:
Suppose you can go to two different shops in your city to get a haircut. You can go to a shop that cuts everybody's hair the same - you only can say how long it will be. It will cost $8. This shop does "standardized" haircuts.
You can go to another shop where there is a trained stylist who knows all the latest styles and also knows how to choose the best style and shape
Suppose you can go to two different shops in your city to get a haircut. You can go to a shop that cuts everybody's hair the same - you only can say how long it will be. It will cost $8. This shop does "standardized" haircuts.
You can go to another shop where there is a trained stylist who knows all the latest styles and also knows how to choose the best style and shape
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Do you know the word "template"? A boilerplate is a pattern that you use to create something - you don't make something new each time but use this same basic pattern over and over.
Something that is customized is new, fresh, unique. If you used a boilerplate/template/pattern, it's not customized.
Someone else needs to explain anything related to the financial aspect.
Something that is customized is new, fresh, unique. If you used a boilerplate/template/pattern, it's not customized.
Someone else needs to explain anything related to the financial aspect.
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