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At the end of the deal, Bees United would have the option to repay Benham's loans to the club and buy his preference share, while Benham would hold the option of taking majority control of the club.
Regions and Wells Fargo also give customers the option to repay these loans in installments.
"We help our customers identify the least costly, fastest option to repay loans, including IBR for those eligible.
Sallie Mae responded to the HuffPost report in September by sending a statement to the higher education community promising that it was "committed to helping federal loan customers identify the least costly, fastest option to repay their loans, including Income-Based Repayment (IBR) for those eligible".
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In effect, the issuer of a corporate bond has the option not to repay bondholders; it can declare bankruptcy and "put" the assets of the firm back to the bondholders in lieu of payment.
The problem with prepayments is not that they shorten the effective life of the pool but that they give homeowners an option on whether to repay.
Mr Sims, in a 2002 paper, says the option of using inflation to repay debt is a valuable fiscal-shock absorber that over time may be less expensive than the risk, or fact, of default.This can be seen starkly by comparing Britain with Spain (see chart).
The analyst even suggests ING has the option of issuing shares to repay its loan.
She said that although banks preferred short sales to foreclosures, "they also want to make sure that there is no other option that would allow the homeowner to repay the loan in full".
The SEC wants the executives to repay bonuses and options accrued during the period.
Former Apple CFO to repay $3.5M in options settlement with SEC [Apple Insider].
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