Pledges and Pawn

* Independent agents make their own hours and can sit at time agreed upon with client

When the debt and the warrants are separable, the proceeds of their sale are allocated between them. The basis of allocation is their relative fair values. As a practical matter, these relative values are usually determined by reference to the price in the open market. The portion of the proceeds assigned to the warrants are accounted for as paid-in capital. The result may be that the debt is issued at a reduced premium or at a

A writ of execution applies to a debtor’s nonexempt real or personal property wherever located.

Agent- A person who is employed to represent another while dealing with a third party.

The nonrecourse debt being $4 mm, which is greater than the ship’s fair value of $3 mm, will be extinguished because the lender can only seize the collateral – which is the cruise ship.

Ironically, the Pledge of Allegiance originated from the hand of a social minister and chairman of the National Education Association, Francis Bellamy. Bellamy’s goal with the initial 23 word pledge was to impress it upon receptive, youthful minds, and convey the compassion and the patriotic duty deserving of the Republic. As a result, “more than 12 million public school children in every state in the Union” spoke the Pledge of Allegiance that day (Moss 2006). Since then, it has been a catalyst for tradition turned into mandatory law.

The conveyance of a noncash financial asset to someone other than the issuer of that financial asset. The following include transfers: selling a receivable, putting a receivable into securitization trust, and receivable as collateral.

“I pledge allegiance to the flag of the United States of America, and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all.” The Pledge of Allegiance was originally written in 1892, but the version we all know and recite was rewritten in the year of 1954 when President Eisenhower convinced Congress to add in “under God” during times of communist threat. “I pledge allegiance,” when we are taught in kindergarten to say this with our hands over our heart, we are being coerced into pledging allegiance without even truly knowing what it is. We are promising to be loyal and devoted to the following things that are to be said. “To the flag of the United States of America,” the flag represents the land we are on which is the United States.

The controversy over the pledge of allegiance and views for or against it, in terms of politics, has been a controversy more currently in the United States with the rising awareness of social justice issues, but in his article he writes about the origins of the pledge allegiance and how those probably won’t be used in any sort of political argument. The information he provides are based on historical knowledge and also other

The Pledge of Allegiance is a statement that many students in the U.S. learn at a young age. Without question of its origin and meaning, most students restate the flag salute often, if not daily. Historically, the pledge that is said today is a result of revisions of various pledges. The first pledge was written by Colonel George Bach in 1887 and was used in some schools. Five years following, Francis Bellamy, who was an English speaking immigrant, Baptist minister, and a socialist created another pledge. This pledge was the foundation for the pledge that is said today. It read, “‘I pledge allegiance to my Flag and the Republic for which it stands, one nation, indivisible, with liberty and justice for all’”("The Pledge of Allegiance: A Search for Common Ground”). Bellamy’s pledge was first published in a children’s magazine. The goal for the establishment of this pledge was to teach young children the basic ideals of the U.S. constitution. The evolution of the pledge did not end for over fifty years. Through debates on whether or not the words “under God” should be added, the final pledge as stated today reads, “I pledge allegiance to the flag of the United States of America, and to the Republic, under God, for which it stands, one Nation indivisible, with liberty and justice for all” ("The Pledge of Allegiance: A Search for Common Ground”). As outlined

If the Lender receives money as a result of making such a claim as part of the distribution of the Borrower’s estate or any other reason, it may, subject to the requirement of any law, set that money aside. Subject to the requirement of any law, the Lender need not apply that money to pay the guaranteed debt until it has received sufficient to discharge the guaranteed debt and until that time your liability to pay the whole of the guaranteed debt will not be affected.

First off the history of the pledge started about 120 years ago. The pledge was invented for the 400 year anniversary of Columbus discovering America. According to Freedom of Religion Foundation, “Seeking ideas to commemorate the 400th anniversary of the discovery of America on Columbus Day, 1892, President Benjamin Harrison had initiated a call for the development of a special patriotic school program to highlight the event. Bellamy and Upham were able to line up the National Education Association to support Youth's Companion as a sponsor of the observance, and arranged for President Harrison and Congress to announce a national proclamation which centered around an American flag ceremony and (then

Name given to certificates: Labels on documents conclude that the advances say they are debt, but labels alone cannot change equity to debt. This factor favors the advances treated as debt, but there is less weight to this factor because it is based on form rather than substance.

Many Americans hold different traditions. Rules are what you have to obey and if you break them you get punished. What about the Pledge of Allegiance? Is it a rule or a tradition, or is it a little bit of both? Some people sit, some stand but why do some get punished and some don't? Everyone should be able to sit/not say the Pledge of Allegiance because you can have your own beliefs, not everyone believes in god, and you don't have to be forced to stand. Although standing for the pledge teaches kids to respect our country, sitting for the pledge shows respect to your religion.

There are uncertainties in whether a receivable is sold or being used as a collateral for a loan. Thus, FASB has provided guidelines to distinguish between the two. FASB ASC 860-10-40-3 states that a financial asset should be considered sold and therefore should be derecognized if it is transferred and control is surrendered. Moreover, when control over the receivables is not surrendered, the transaction should be treated as a collateralized borrowing. FASB ASC 860-10-40 on the subject of conditions for a sale of financial assets states that a financial asset should be considered sold if it is transferred and control is surrendered. Control is deemed to be