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It is still not clear, however, whether Lord Black actually intends to make the repayment.
If the bond underlying the repo defaults, the counterparty still has to make the repayment on the repo.
I'm talking with banks now in preparation to make the repayment by the end of August.
The council said it was not legally obliged to make the repayment but felt it was morally right.
Schleicher said this was partly because graduates could not get jobs with big enough salaries to make the repayments.
But, he added, "It didn't happen that the parishes were able to make these repayments".
The company was forced to make the repayments under agreements signed with investors.
Once you make the repayments appear more manageable, next you need to focus on repayment.
Applicants must still prove they can afford to make the repayments, and have the savings for a deposit.
A.I.G. made the repayment a year ahead of schedule.
If there is one, the certificate will show the improvements made, the repayment amounts and how long the new person will need to make repayments for.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com