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Merkel could have taken decisive steps to deal with the colossal communal debt in the form of eurobonds.
Providers may also be reluctant to burden people who are already struggling with their finances with yet more debt in the form of charges.
The people who held the debt, in the form of treasury securities, would then shift their repaid savings to corporate bonds and stocks.
Lower-income people, meanwhile, have saved less, and have accumulated debt in the form of mortgages, consumer credit, and student debt.
Insurance on the company's debt in the form of credit-default swaps is estimating a bankruptcy probability in the next five years of more than 50 percent.
Governments may owe public debt in the form of bonds, notes, bills, and the like, which require specified payments to the holders at designated times.
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In the boom, banks were able to lend money via bonds and loans and then unload the debts in the form of structured products.
He said that government debt remained well within safe levels and that the extra spending would leave his successor with valuable assets as well as debts, in the form of new highways, railroads and power plants.
The Poppies almost went out of business in June last year, but have been paying a portion of their debts in the form of a Company Voluntary Arrangement.
More than $9,500 of Ms. Bittner's debt is in the form of federal Perkins loans; the government forgives from 15percentto70percentcent of Perkins debt for Peace Corps volunteers, depending on the length of service.
Much of the nonprofits' debt is in the form of tax-exempt bonds.
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