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Their businesses are based on debt: on lending and borrowing.
But this is incorrect, because the world's monetary systems are based on debt.
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Mr. Gore's approach is conservative in the sense that it is based on debt reduction, but it affirms Democratic orthodoxy by retaining Social Security as a guaranteed benefit, even if tax revenue must pay for it.
Some say too much of China's breakneck growth in recent years has been based on debt issued to finance highways and other projects beyond the nation's current needs.
This may not be the area where shareholders would necessarily have wanted expansion, in view of the mixed record, and the deal will take leverage to at least 2 times EBITDA (the pro forma 2 times is based on debt before over £100m of payments into the pension funds), meaning firepower has been used up for the time being.
(Update: Earlier I'd described this as a Series D, but as this is based on debt and not new shares I've changed the wording.
Money these days is based on debt.
It is also designed to show commitment to rebalancing the economy amid criticisms that the economic upturn is based on debt-fuelled consumer spending and a housing boom in the south-east.
The restitution was based on debts accumulated by the State of Alabama during a fraudulent warehouse deal, but Siegelman was acquitted on charges related to the deal.
Our team values are enterprise values, meaning they represent the value of the team without the deduction of debt (other than stadium debt) and are based on multiples of revenue.
Affordability calculations are based on income, outgoings and any debt or financial commitments.
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CEO of Professional Science Editing for Scientists @ prosciediting.com