Sentence examples for provision funds from inspiring English sources

Zopa and most other British companies have started "provision funds", which aim (but do not promise) to make good on loans that sour.

There was agreement that it remains difficult to get grantmakers to provision funds to help their grantees further develop themselves and fundraisers asked who, in the philanthropic community, is indeed investing in fundraising.

RateSetter operates a provision fund to cushion its lenders (savers).

The Zopa Safeguard and RateSetter Provision Fund have both been set up to compensate for bad debt.

Each person who takes a loan is charged a fee which is paid into the provision fund to cover any late payments or defaults.

Investments are not covered by the Financial Services Compensation Scheme, but RateSetter runs a provision fund which it says has ensured that none of its individual investors has lost a penny.

Local welfare provision funding was partially saved, for which happy event two cheers are in order, perhaps, rather than the usual three.

At present there is more than £16m sitting in the provision fund and RateSetter is rightly proud that of the 26,000 lenders on its platform, nobody has lost a single penny since the day it launched in October 2010.

RateSetter director Ian Cruickshank says: "RateSetter is unique in that we are the only major P2P platform where no lender has ever lost a penny – because of the Provision Fund.

Zopa has what it calls its Safeguard Fund, and Ratesetter has a Provision Fund.

But many Republicans have said such a step is necessary anyway and the Senate bill already includes a provision funding those subsidies for a few years.