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High quality consumer loans, high quality mortgages, high quality corporate loans.
It aims to deliver a high level of income and capital growth over the long-term by investing selectively across the full spectrum of fixed income asset classes including secured loans, high yield corporate bonds and investment grade corporate bonds.
The Yellow Brick Road represents the gold standard monetary system, which poor midwestern farmers (represented by the Scarecrow) blamed for turn-of-the-20th century deflation that kept the cost of their loans high.
Will graduates and others in their early 20s, already weighed down by debt from student loans, high rents and ever-increasing house prices, now have to work into their dotage?
But, like payday loans, which are commonly aimed at lower-income borrowers, pension loans can turn ruinous for people who are already financially vulnerable, because of the loans' high costs.
In complaints to the Internal Revenue Service, they have raised questions involving three of the four bowls that make up the five-game Bowl Championship Series about interest-free loans, high salaries, lobbying payments and lavish perks for some bowl executives.
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(There are also collateralized debt obligations, which invest in a combination of loans, high-yield debt and equities).
The publicly traded fund, which invests in such assets as corporate loans, high-yield corporate bonds and distressed debt securities, did also not pay a third-quarter dividend.
Although there have been improvements in regulation, such as capping the overall cost of payday loans, high-cost credit remains a serious issue.
Lawyers for the City of Baltimore produced two former loan officers who described a pattern of discriminatory practices aimed at persuading blacks to take out what the officers called "ghetto loans," high-interest mortgages.
Earlier this week, I wrote about a report from the National Consumer Law Center, which outlined new alternatives to tax-refund-anticipation loans — high-cost, short-term loans made to consumers who pay them back when they get their income tax refunds.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com