0

i am not english native speaker, i am italian.

What is the meaning of "used to meet" in this passage?

Only U.S. Dollars or U.S. Treasury bills, floating rate notes, notes or bonds are acceptable and must be deposited by a clearing member applicant during the application approval process. All securities must be denominated in multiples of $5,000. Stripped securities and securities dated prior to January 1, 1973, are not acceptable. TBonds may not exceed 10 years time to maturity. Interest is not paid on U.S. Dollar deposits. If U.S. treasuries are deposited, the market value of such securities, less any applicable haircut, must be at least equal to the minimum requirement. For example, U.S. T-Bills with a par value of $505,000, market value of $502,000 and no haircut may be used to meet the $500,000 Base Guaranty Fund requirement.

  • 1
    The phrase to analyze is not "used to meet" but rather "may be used" . "To meet" is the infinitive complement of used. – P. E. Dant Jul 28 '17 at 4:45
  • Please tell us: did you think that used to in the cited phrase was employed to describe an habitual action in the past? – P. E. Dant Jul 28 '17 at 5:28
  • No wooden spoon may be used to cut meat. No emergency flare may be used to light a cigar. – Tᴚoɯɐuo Jul 28 '17 at 10:40
1

The verb "to meet" has many nuanced definitions, including here:

meet (v): 3. Fulfill or satisfy (a need, requirement, or condition)

Some examples:

Does the wine meet with your approval?

The car meets with all the latest government regulations.

I want to get a loan but unfortunately I don't meet the minimum income requirement.

In this context the passage is saying that these particular funds can be used to satisfy the stated condition.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.