Word: fractional
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...supposed to pay his mortgage for ten years and then sell his home. When his mortgage reset in 2006, he defaulted. The flow of his payments into the mortgage pool stopped. The differential between the real world and the Wall St derivative model moved off center by a fraction of a millimeter. Another person within the same pool defaulted the next day, and quickly the mortgage pool lost the financial yield characteristics that it was supposed to have. Tranches began to change in value, one by one. A small snow ball turned into an avalanche. On the day of this...
...residents suggested. Coatesville was once a thriving steel town, before the Lukens Steel Co. was bought by Bethlehem Steel in 1997. Bethlehem went bankrupt in 2003, taking with it the pensions of many Coatesville residents. The local steel facility is now run by Arcelor Mittal and employs only a fraction of the total staff Lukens had at its height...
...McNally had a career-high 17 points, Miller grabbed a career-best nine boards against taller BC post players, and Pusar had a season-high 13 points. Boehm shook off earlier struggles to nail a huge three at the 9:05 mark a fraction of a second before the shot clock expired...
...McNally had a career-high 17 points, Miller grabbed a career-best nine boards against taller BC post players, and Pusar had a season-high 13 points. Boehm shook off earlier struggles to nail a huge three at the 9:05 mark a fraction of a second before the shot clock expired...
...more than 100,000 patients in the U.S., their life depends on finding an organ to replace a damaged or diseased one. In the never-ending tug between organ supply and demand, the scales have never tipped in favor of the patient; only a fraction of the people needing a new kidney, liver or heart actually receive one. To move people off the organ-waiting list, doctors either have to boost the supply of donors, or improve the viability of existing organs...