The word "unfrankable" refers to mail that cannot be sent through standard postage due to various reasons. The IPA phonetic transcription for this word is /ʌnˈfræŋ-kə-bəl/. The "un-" at the beginning represents a negation of the root word "frankable." The emphasis is on the second syllable, with the "a" pronounced as in "cat." The final "-able" is pronounced as "uh-bull." Though not a commonly used word, it can come in handy while dealing with complicated postal issues.
The term "unfrankable" refers to a concept in banking and financial systems where a particular asset or instrument is deemed unsuitable for investment or inclusion in a specific investment portfolio due to various factors or restrictions. This term is often used to describe assets that violate certain legal constraints, industry regulations, or internal policies of a financial institution.
Unfrankable assets may include investments or financial instruments that are subject to legal prohibitions, such as those involving illicit activities, money laundering, or fraud. Furthermore, certain assets may be deemed unfrankable due to the absence of proper documentation, lack of transparency, or inadequate verification of legal ownership.
In addition to legal considerations, unfrankable assets may also include investments or financial instruments that do not meet specific investment criteria established by a financial institution. These criteria could relate to risk tolerance, liquidity requirements, credit ratings, investment diversification, or the non-compliance with ethical or environmental standards.
The "unfrankable" label implies that the asset, despite its potential financial returns or other merits, cannot be included in a specific investment strategy or portfolio due to the aforementioned factors. Financial institutions may utilize extensive due diligence processes to identify and exclude unfrankable assets to safeguard their reputation, adhere to regulatory requirements, and mitigate any potential associated risks in their operations.
The word "unfrankable" is formed by combining the prefix "un-" meaning "not" or "lack of" with the word "frankable". The term "frankable" is derived from the noun "frank", which has a rich etymology.
The noun "frank" originates from Old English "franc", which meant "free" or "belonging to the free inhabitants". The Old English term was borrowed from Old French "franc", derived from the Late Latin word "francus", meaning "free" or "honest". It possibly stemmed from the Proto-Germanic word "frankô" meaning "javelin", as a symbol of freedom for the early Germanic tribes.
Over time, the word "frank" took on various meanings, including "liberal", "generous", and "honest".