Sentence examples for legacy debt from inspiring English sources

The problem for other firms has been their legacy debt.

If its partners will not admit any responsibility for the legacy debt – the consequence of the poor Euro design – Spain will not get out of the hole, and Europe will remain at risk.

"There is legacy debt but we service that debt, we can continue to do that, it's getting the working capital.

And 67% suspect they will have to deal with some legacy debt from former primary care trusts (PCTs) when the new system begins in England in April 2013.

Last month, Mr Tan repeated a commitment that if that legacy debt was settled, he would convert his loans with the club into shares.

"I think we're in quite a good situation now - we've got rid of a lot of the legacy debt we were facing a couple of months ago," he continued.

Now we've cleared the legacy debts.

This could be dubbed OLDMU: Old Mutualization, the mutualization of legacy debts and liabilities.

But Ally is still suffering from legacy debts, primarily concentrated in its ResCap unit.

This could be called the NEWMU option — mutualizing new liabilities, but not legacy debts — and is favored by the European Commission but has been ruled out by the German constitutional court and would hence require Berlin to change its Basic Law.

This north European trio are insisting the new banking union cannot cover "legacy debts": that is, from the pre-2007 crisis.