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If that bank representative had the authority to grant the loan despite your having borrowed from your parents — he might see that as a softer, more flexible obligation than one to a stranger — he should do so openly.
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Requirements to amortize unfunded pension liabilities may be relatively flexible obligations that can be smoothed over time, while the POB is an inflexible debt with required annual payments.And of course, regular readers will know that financial economists regard pensions as bond-like obligations.
But herein lies the rub: how can a bank be flexible on debt obligations without spooking the market into thinking it is in trouble?
The strategy still left the airline with higher operating costs than the other legacy carriers, including pension obligations, higher labor costs and less flexible work rules for its pilots.
A Flexible Payment Mortgage Would Base the Borrower's Contractual Obligation on the Loan Balance.
Administrators should also adopt programs and policies that give faculty flexibility, including day care, paid parental leave, and flexible tenure clocks that allow faculty--including men--to meet family obligations.
Recommends easing obligations: ITV non-news local programming to be cut, more "flexible" requirements for arts, religion, children's output.
The letter said Norway was "flexible concerning the format of the dialogue, within the framework of our respective obligations".
The structure could be attractive because it would be flexible — employers could reduce the rate of increase during recessions, saving money and reducing the chance of a runaway pension obligation.
The framework is flexible and can thus accommodate a range of processing tasks, logistical modes, by-product markets and impacting policy constraints (obligations, subsidies).
No obligation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com