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This process is repeated until the full repayment has been made.
(In fairness to Ahern, his assertion that his benefactors would not accept repayment has been supported by one of the donors).
Annual interest rates are often in excess of 5,000%, and although loans are designed to be repaid before large amounts of interest are incurred, fees and charges mean costs can mount quickly if the borrowing period is extended or a repayment has been missed.
The timing of repayment has been an issue when it comes to the Argentinian debt as well.
Similar(56)
Mr. Kullberg, for example, said his capital repayment had been "probably a half-million bucks".
Prime Minister Enkhbayar said methods of debt repayment had been discussed with Russia, but without agreement on the dollar equivalent.
But Nigeria's foreign debts of more than $30 billion may still keep the donors' purses closed: arguments over repayment have been going on for years.
We went on holiday for a couple of weeks, during which time several contradictory letters were sent to our new address, one of which said our entire mortgage repayment had been cancelled.
The number of people making over-repayments has been steadily rising since 2009-10 when 52,600 people over-repaid through their employer payroll.
5.36pm GMT Over to Greece again where reaction to the news that EU partners are now considering extending bailout loan repayments has been less than lukewarm.
The income level where you'll begin making repayments has been reduced by 10percentt.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com