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A buyout program for G.M.'s union retirees would further reduce long-term obligations.
Eaton Vance examined each state's combined long-term obligations for those three components.
Until recently, long-term obligations to PFI contractors did not figure in the public accounts, which flattered the public finances.
Most banks must continually refinance their long-term obligations, and some would collapse without access to short-term credit.
Assuming the bankruptcy plan is approved, the city will have saved some money and shed some long-term obligations.
Tyco also plans to spread its corporate debt — about $4.1 billion in long-term obligations as of June — across the three spun-out businesses.
Mr. Snyder and Detroit's emergency manager, Kevyn D. Orr, estimate the city's debt and other long-term obligations at $18 billion.
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Bonds are a long-term obligation.
Mr. Bush's aides counter that by giving individual workers their own retirement accounts, which can be invested in financial markets, they decrease the government's long-term obligation to pay benefits out of tax revenues.
But because Mr. Bush's plan would give workers their own retirement accounts, it would decrease the government's long-term obligation to pay benefits out of tax revenues, which is another form of debt reduction.
It has also provided chief financial officers at the drop of a hat for such tech firms as Internet REIT and Axcient.Another common reason to take on managerial temps is to tackle a short-term problem without acquiring a long-term obligation to an expensive executive.
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