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For the last 17 months, banks have been cutting back on corporate lending, shunning companies in problem industries like energy, textiles, steel and telecommunications, and charging higher interest rates and bigger upfront fees on most other loans, even to top-rated companies in healthy industries.
Many people who would have qualified for a traditional prime mortgage took out a subprime mortgage instead, based on the recommendation of mortgage brokers, who earned bigger upfront fees from the subprime product.
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The idea is to "avoid big upfront cash variable remuneration".
"This is the biggest upfront we've had in the company's history".
Nuclear, which needs big upfront capital investments, is also looking much less positive.
I would also advocate not entering into big upfront payments for software or long-term commitments.
Surgery, that is a big upfront payment you have to make out of pocket".
Many have gone for the blunderbuss approach, with big upfront investments in distribution to try to win market share quickly.
Traditionally, the enterprise market has been dominated by installed software, which typically involves big upfront fees and recurring maintenance needs.
The investors have to realize that producing a movie requires a big, upfront investment, instead of a gradual one".
However, electrification involves big, upfront costs for Network Rail and ministers are anxious about spending the money.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com