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Crucially, they guarantee that investors will not lose money if borrowers fail to repay the loans.
If the original borrowers fail to repay, the government will be on the hook.
If people fail to repay a loan it bars them from obtaining more credit.
Should colleges foot the bill when former students fail to repay their loans?
People who fail to repay the loan will find that the costs quickly rack up.
These loans are backed with high-quality financial assets that lenders can keep if borrowers fail to repay.
Similar(18)
and if they failed to repay the loan, what happened?
It said that some 20% of students failed to repay their loans on schedule after graduation.
When the government failed to repay the loans, the bankers kept the shares.
But many banks could face sizable risks if borrowers failed to repay loans.
Guarantee means a guarantor's contractual promise to repay indebtedness if an obligor fails to repay as agreed.
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CEO of Professional Science Editing for Scientists @ prosciediting.com