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As a result, borrowers get in over their heads and have to extend the loans repeatedly, incurring more fees.
Relatively few of these troubled buildings have been offered for sale because lenders have been willing to extend the loans in the hope of future rent increases.
An independent committee formed to investigate Krung Thai's decision to extend the loans in question is due to report its finding to the Bank of Thailand soon.
This was not a zero sum game.In addition, the higher the debt level, the more debt has to be refinanced each year, and the greater the potential for a crisis of confidence if creditors are unwilling to extend the loans.
European, Japanese and American banks are meeting Thursday morning at Citicorp headquarters in New York to negotiate such an agreement, which may include an accord to extend the loans for 90 days while new agreements are worked out.
Debate has yet to be resolved on whether loans would be offered on an ad hoc basis by a coalition of willing countries — Germany's preference — or whether the European Commission in Brussels would create a fund, backed by euro-zone members, that would extend the loans to Athens, the diplomats said.
Similar(49)
Britain later offered to extend the loan, and Mr. Bush accepted.
Its default fee is £20 and it charges £10 if you wish to extend the loan.
Later, his name was forged onto documents to extend the loan.
In 2008, Mr. Trump sued Dune and other lenders to extend the loan terms.
"I wouldn't extend the loan.
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