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Exact(17)
He says that states will be offered the chance to swap their expensive borrowings for new, cheaper debt.
Moody's more sober view, and any future rating cut, would increase the cost of future borrowings for the stadium.
But borrowings for the 1991 fiscal year beginning Oct. 1 could raise the deficit, precipitating deeper cuts than expected in both domestic programs and military spending.
In interest rate swaps, companies, local governments and banks agree to exchange interest rate payments on their borrowings for a specified period of time.
At the end of 1998, according to the Working Group's report, the five biggest commercial banks in the country had fourteen dollars of borrowings for every dollar of capital.
"Because of the low interest-rate environment, many companies want to lock in rates of interest on their borrowings for the long term, so you're seeing a huge issuance of debt by Asian companies," Mr. Mahendran said.
Similar(43)
Reports have revealed that on top of the allowance, MPs who rent or buy a property to stay in during work-related travel can also claim tax deductions for rent, interest on borrowings used for the acquisition of the property, rates, taxes, insurance and general maintenance.
It goes back to the 19th century and American borrowings from Europe for railroads, bridges, canals and farmland.
This complicates sellers' credit capabilities for years and makes additional borrowings — whether for auto loans, credit cards or new mortgages — tougher and more expensive.
Those borrowings accounted for half the county government's debt for all purposes.
(ii) If the prime lending rate plus two percentage points was the same on both the date of Borrowing #1 and the date of Borrowing #2, the borrowings are treated for purposes of this paragraph (d) as a single debt, and A is treated as having repaid $35,000 of debt allocated to personal expenditure #1 and personal expenditure #2, and $5,000 of debt allocated to trade or business expenditure #1.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com