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This would likely encompass the cost incurred by the private equity firms to obtain substitute financing.
"There is no assurance we could cure a default, secure a waiver or arrange substitute financing," G.M. said.
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In fact, the Bush administration's proposal seeks only to substitute federal financing for Amtrak with state financing, passing the burden onto already beleaguered state governments.
Critics assailed the Colombia aid as ill-conceived and a poor substitute for financing more drug treatment and education programs in the United States.
A key assumption of a perfect capital market is that internal and external finance are undifferentiated substitutes for financing investment opportunities (Modigliani and Miller, 1958).
Using the mechanism of insurance as a substitute for direct financing (for public subsidy and for private payment) leads to inefficiencies and to behaviours inconsistent with economic optimising.
That is why there is no substitute for domestic financing.
Which raises the question: Does Superintendent Wells favor privatization as a substitute for public park financing?
Recognizing local heroes and providing uplifting rhetoric is no substitute for supporting and financing programs that have clear objectives and measurable results.
Secondly, women incurred direct costs of travel to appointments and some needed to finance a substitute carer for their dependants.
That nonprime consumers in states with high consumer finance rate ceilings relied more heavily on consumer finance loans suggests that consumer finance loans were a substitute for subprime credit cards for risky consumers when rate ceilings permit such loans to be profitable.
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