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So Fannie and Freddie solved the problem by guaranteeing the payment on mortgages before the securities were sold off to investors.
That the Minnesota Legislature was aware of the impending federal legislation is reflected in the explicit provision of the Act that it will "become null and void upon the institution of a mandatory plan of termination insurance guaranteeing the payment of a substantial portion of an employee's vested pension benefits pursuant to any law of the United States". Minn.Stat.
In a letter dated May 21 , 2003 Ned Kopald, school board president for the Highland Falls-Fort Montgomery Central School district, wrote to the Rev. Constantine Sitaras, the executive director of St. Basil, telling him that St. Basil students could no longer attend school there if St. Basil did not pay or make a firm financial agreement guaranteeing the payment of $236,757.37 in tuition.
Part of the Vaccine Independence Initiative (VII), the EU helped countries to purchase vaccines and injection safety commodities by guaranteeing the payment.
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While insurers are hopeful that Congress will pass legislation guaranteeing the payments, they would also welcome a commitment from the administration that it, too, wanted to stabilize the market.
The Association guarantees the payment of principal and interest on structured securities issued by trusts organized by sponsors in accordance with procedures established and approved by the Association.
Earlier, the regulators had permitted Lloyd's to put a reduced amount into a fund intended to guarantee the payment of the British insurance organization's World Trade Center claims.
But because the police suspected that he might have the payment stopped after he had left the country, they pressured his 78-year-old father in Shanghai into agreeing to guarantee the payment.
The regional authority would guarantee the payment of expenses related to the acquisition of services, organisation of meetings and production of publications.
To give you a sense of our business, we buy loans from banks and seller services, we package them up into securities -where we guarantee the payment of principal interest, and then we sell them to investors.
However, in Iceland the banks were so much larger than the national economy that the Central Bank of Iceland and the Icelandic government could not guarantee the payment of the banks' debts, leading to the collapse of the banks.
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CEO of Professional Science Editing for Scientists @ prosciediting.com