In principle, it should create useful assets that have a higher economic value than the liabilities incurred to finance them.
As the table shows, some of the students' accumulated debt by time of graduation from medical school was incurred to finance a liberal arts undergraduate education.
The resultant profit would be handed to the government as a special dividend and used to pay off debt incurred to finance transfers to eastern Germany.
As previously announced, proceeds from the sale will be used to repay a portion of the short-term debt incurred to finance the proposed acquisition of Goodrich Corporation.
In San Francisco, the Asian Art Museum, whose building and collection are owned by the city, is facing a fiscal crisis — and possibly bankruptcy — thanks to a $120 million debt incurred to finance the move to a palatial new residence in a former public library across from City Hall.
While other telecom companies are sweating under heavy debts incurred to finance their massive infrastructure programs, Hutchison can take it all in stride.
When amortization is accelerated, the drain of income taxes is reduced for the business during the years immediately after the purchase, thus releasing more funds for the repayment of any obligations incurred in financing the property.
About 80percentt of the medical loans that CareCredit provides are paid off on schedule and incur no finance charges, according to the company's president, Michael J. Testa.
This declining "home bias," Mr. Greenspan said in a speech this month, "has enabled the United States to incur and finance a much larger current account deficit than would have been feasible in earlier decades".
Add the costs of unification, mostly financed by debt, and it is easy to see why recent budgets violated the constitutional rule that deficits should be incurred only to finance investment.All this also explains why German finance ministers have a hard life.
