Word: leeway
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...financial firms could be clawed back. Unlike stocks, CDS contracts don't trade on an exchange. And trading partners can unwind those contracts at any prices they like. What's more, a rule change in late February, to which AIG voluntarily agreed, gives the insurer's trading partners more leeway to name their terms in the cases of bond defaults that trigger CDS payments...
...subspecialty in the auto business that relies on precise language. When carmakers say three years and 36,000, they mean exactly three years and 36,000 miles. Any changes or extensions, while not uncommon because of pressure from state lemon laws, are reviewed by senior management. Dealers get some leeway but not much, and taking a car to an unauthorized repair center can effectively negate the warranty. "None of this is clear," said one dealer, referring to the many nuances of warranty work that are yet to be defined in the government's plan. He also noted that...
...their own way, the new Gen Ed categories are broad enough to give professors the leeway to teach the subject matter they want. But with a limited selection of departmental alternatives, student choice may remain narrow. In the meantime, freshmen are relatively uninformed about the change...
...their own way, the new Gen Ed categories are broad enough to give professors the leeway to teach the subject matter they want. But with a limited selection of departmental alternatives, student choice may remain narrow...
...then that I realized how serious and creative the so-called online literature can be." Although largely substituted now by social-networking sites like Facebook and Twitter in the West, the BBS still prevails in China today as a relatively free place to express dissidence, while no such leeway is allowed in the traditional media. The same rigid censorship that drove millions of users to BBS and other online forums likely also ushered many book readers into cyberspace. "All books are required to go through three rounds of government-supervised editing, which could take months, before they can be published...