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It is a loan and will be repaid in time.
Finally, the last third comes from future income, in the form of loans that will be repaid over time.
This they readily do, using toll revenues to repay construction loans provided by state-owned banks (the banks happily roll over debts that are not repaid on time).
FELIX SALMON quotes Dave Wrixon, who writes of the new bail-out plan:It is just a poison pill for debt that is not repaid on time.
The government would capture some of the savings on utilities bills, and so the loans would be painlessly repaid over time.
Lenders tell the students they will publish the photos online if the loans are not repaid on time, often at usurious interest rates.
The term "no-cost" is something of a misnomer, since the closing costs are simply added to the loan and repaid over time.
In September 2008, after the notes were not repaid on time, an employee of the hedge fund asked to meet with representatives of Solow at its offices.
He did so to allay the concerns of a man to whom Mr. Dreier had already sold phony notes, but who was concerned after the notes were not repaid on time.
The bank said its profits had been helped by a fall in its impairment charge for loans which are not repaid on time to the lowest level since the financial crisis.
No one expects the loan to be repaid on time next September, after which the banks stand to own almost 30% of Fiat shares.Fiat Auto has burned nearly €3 billion of cash this year, and the banks do not want a repeat in 2005.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com