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Unlike a loan, which comes with a fixed coupon over a set period of time, MCA transactions involve a target repayment amount, collected over as long a period as necessary until it's paid off.
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The resulting money management flow diagram, that can be very useful in money management, commissioning and borrowing schedules, targets the minimisation of repayment times.
Programs at certain for-profit colleges and other vocational college programs that do not meet targets for student loan repayment or debt levels would be restricted from receiving federal student aid or forced to disclose debt levels to prospective students.
The other NCMHD loan repayment program, the Health Disparities LRP (HD-LRP), targets researchers working to reduce disparities in health, e.g., those who work with diseases that disproportionately affect minorities and the economically disadvantaged.
They also question whether Airbus will fully repay the loans, since repayment is contingent on reaching certain sales targets.
At the peak of the lending boom in 2006 and 2007, the fashion was for "covenant lite" deals which gave creditors fewer safeguards; traditionally, covenants were used to force debt repayment when the debtor missed certain financial targets.
This month, too, the Irish Central Bank issued guidelines to the country's six largest banks setting target dates by which they should agree to work out sustainable repayment solutions with struggling borrowers.
International lenders have already agreed they could give Athens further debt relief, likely in the form of lower financing costs or extended repayment of its loans, if it meets fiscal targets this year.
The Brussels deal opens the possibility of lowering a target for the Greek primary budget surplus, which excludes debt repayments, freeing up some funds to help ease the effects of unemployment at 25percentt.
PFPs enabled the government to hide much of the repayment liabilities and, until the crisis, get under the 40% target.
The plan involves the use of contingent value rights, financial instruments that would guarantee repayment only if a combined Huntsman-Hexion met certain financial performance targets.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com