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At least, then, banks and owners know that loans will be repaid through the sale of the team.
In 2012, the government forced students into a new loan scheme to be repaid through a graduate tax.
For the first $20 billion in losses, the loans would be repaid through a special assessment on the industry.
The loan must be repaid through subsequent special assessments on the banks or from the proceeds of selling failed-bank assets.
The first phase of the green deal offered householders 25-year loans to pay for energy efficiency measures to be repaid through energy bills.
Through the PACE program, loans to install solar panels and make other energy improvements would be repaid through 20-year special assessments on property tax bills and secured through a lien.
Similar(42)
Once granted, the loans, up to $150,000, are repaid through automatic daily bank account withdrawals, much as a merchant cash advance works.
That money, which is still being repaid through industry fees and state revenues, has been supplemented with $3.24 billion in payments from private polluters and $632 million in federal money.
Under the scheme for eco-makeovers, householders would apply for commercial loans to revamp their homes, with the cost being repaid through energy bills that should fall because of improved energy efficiency of the renovated house.
Unlike general obligation bonds, which carry the full faith and credit of the issuing agency and are repaid through a variety of tax revenues, revenue bonds are payable from specified revenues only, usually the revenues from the facility for which the bond was originally issued.
The loans are tied to the property and are repaid through property taxes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com