11.   For certain companies, share buybacks actually reduce financial flexibility and imperil financial strength.

12.   For Westinghouse, the sale replaces a steady source of cash with financial flexibility.

13.   He said that without cash reserves, the United Nations had lost financial flexibility, jeopardizing its existence.

14.   Households could also gain financial flexibility, namely the ability to make penalty-free withdrawals for certain purposes, including medical and college expenses.

15.   If the agency requires some financial flexibility to handle long-term projects, the terms must be more carefully spelled out and the amount of money sharply limited.

16.   Imagine the drop in income of employees of stores, cruise lines and beauty salons that depend on spending by elderly couples with both leisure and financial flexibility.

17.   It bolsters its financial flexibility and liquidity, and allows its management to now focus on reviving earnings and stores.

18.   Its interest payments soar, and it loses financial flexibility.

19.   John Cusolito, a Liberty spokesman, said Liberty thought the reorganization would improve its administrative efficiency, increase its financial flexibility and provide tax advantages.

20.   Kmart said it still plans to look for ways to renegotiate its bank credit facilities in the first quarter to improve its financial flexibility.