He tried to sell it to a bank at a discount in the usual way.
Just over a week after that statement, the Fed abruptly turned course, cutting the discount rate to encourage bank borrowing to ease a growing liquidity crisis in the credit and bond markets.
Short sales typically sell for less of a discount and allow a property to avoid bank repossession.
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The founding Recanati family had a rich history, establishing the Israel Discount Bank in 1935 and arranging in the 1940s to ferry Jews to what was then Palestine.
Mr Rennie said Lib Dems in the UK government were working to get the economy back on track, including tax cuts for low and middle-income families, a green investment bank and an island fuel discount.
The RBS-Blackstone deal was done at a 30% discount to the loans' value, according to DTZ research, and the bank's March sale of troubled Spanish loans to Perella Weinberg Partners sold at a 45% discount.
In normal circumstances a bank would be loth to use the discount facility as, by doing so, it reveals that it cannot find funding at a reasonable price from peers a hint of possible insolvency.
And, as for the ADL, Ms. Elliot neglected to mention that most religiously or politically active Jews discount the ADL as little more than a bank account for Abe Foxman, its long-term leader, who has turned the once-respected institution into a progressive mouthpiece.
UniCredit Aton, a Moscow investment bank, opined in February that AES was selling at as much as a 50% discount.
You have your paycheck deposited electronically at the discount broker, just as you would at a bank.
The Italian bank UniCredit plans to offer new shares at a steep discount to raise capital.
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Bear Stearns was not a bank, could not borrow from the Fed's discount window and wasn't even all that big, yet the government still wouldn't let it fail.
Bear Stearns is not technically a bank, but the Fed's move to allow it access to the discount window shows just how complex and intertwined the financial world has become.
Other announcements included an increase in the bank levy to 0.088% from 1 January and a 50% discount for social housing tenants who want to buy their own home - the proceeds of which would go towards building new affordable homes.
If Washington can agree on something or at least push out the day of reckoning, bank stocks must start to discount the end to net interest margin depression, a big plus dwelling in the cards.
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