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Members can, however, finance that payment over a few years.
He might, though, be persuaded to accept payment over a longer period of, say, three years.
A way of funding this cash payment over a much longer period would clearly help reduce this risk".
The consolidation loan helps the borrower manage debt by refinancing one or more loans into a new loan, resulting in just one, usually lower, monthly payment and extending payment over a longer period of time.
Since last fall, Dr. Hyue Young C. Park, of Markin & Park Orthodontics in Maryland, has allowed her patients to make the down payment over a few visits, so that a large upfront sum is not a barrier to treatment.
The rest of Europe's elite would have to stagger a payment over a number of years to meet the £170m valuation.
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Ron Gebhardtsbauer, the senior pension fellow at the American Academy of Actuaries, said that a few years after choosing a lump-sum payment over an annuity, "A lot of people wish they hadn't done it".
One, Jumio, makes products for merchants to accept payments over a mobile phone.
In most cases, the homeowners must pay back the lower or skipped payments over a longer loan period.
In total, the banks earned about 101 million euros in such payments over a two-year period.
In these cases there is a fixed original amount for the loan and probably fixed payments over a set amount of time.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com