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Both Mr. Munday and Ms. Whitehorse bought policies from the Fidelity & Guaranty Life Insurance Company that cost 20 to 30percentt more than the least expensive term policies, though the difference can be three times greater.
Allianz also offers this policy in a less expensive term insurance version.
"Banks are funding themselves in the cheaper one to two week markets rather than paying for more expensive term money," he said.
The fast bootstrap assumes that the computationally expensive term estimated by the bootstrap, the optimism, is usually a smooth function (low-order polynomial) of the complexity parameter.
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SIV sellers must also agree to expensive terms.
Even so, A.I.G. is borrowing the Fed's money on expensive terms, and it must pay it off within two years.
"Households are clearly in a very substantial debt hole and looking at the prospect of borrowing on more expensive terms in the future," said Tom Schlesinger, executive director of the Financial Markets Center, a nonprofit research group in Philomont, Va.
Pacific Century's bruising ride on the stock market did not surprise analysts here, who had expected the company's shares to tumble as investors digested the mammoth size and expensive terms of the acquisition.
Chappell and his team could not raise enough from selling property and a new loan he proposed came with onerous and expensive terms, meaning it was rejected by the rest of the management team.
Whoever ends up buying the company will — in addition to taking on mountains of existing debt — need to come up with a different financing model that most likely will involve borrowing money on more expensive terms.
DirecTV agreed to sell him the service but under more expensive terms.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com