3 ms·
"Saying you can cover liabilities from notional future profits is illegal" Almost every business does this, so I suppose they should all be prosecuted and we s
by aneth 15y ago
"Saying you can cover liabilities from notional future profits is illegal"
Almost every business does this, so I suppose they should all be prosecuted and we should send our financial system back to the Middle Ages. If I take out $1M loan and invest it in my business, my intent is to pay that liability with notional future profits. If I purchase something Net 90 and don't have the money in the bank, I'm apparently violating the law. Off to jail I go.