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If the borrower fails to repay in 10 days, they face £150 in late charges.
Guarantee means a guarantor's contractual promise to repay indebtedness if an obligor fails to repay as agreed.
The law rightly provides that when a borrower fails to repay, the unpaid balance becomes taxable income.
Much the same could be said of Ms. Smith's novel, which on its odd and often indirect pathways never fails to repay attention.
What's more, the credit scores of those who have vouched for a borrower are damaged if he or she fails to repay.
If Athens fails to repay €3.5bn to the European Central Bank on Monday 20 July, the Greek financial system could collapse.
Similar(45)
and if they failed to repay the loan, what happened?
Crucially, they guarantee that investors will not lose money if borrowers fail to repay the loans.
It said that some 20% of students failed to repay their loans on schedule after graduation.
If the original borrowers fail to repay, the government will be on the hook.
When the government failed to repay the loans, the bankers kept the shares.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com