When in 1861 Mexico declared a temporary moratorium on the repayment of foreign debts, English, Spanish, and French troops invaded the country.
Perhaps the most widespread are America's interest-only mortgages, which give homeowners a temporary holiday from principal repayments.
The developer of the emirate's palm-shaped islands had indirectly sparked Dubai World's recent request to creditors for a temporary suspension of debt repayments after it was unable to pay its own $3.5 billion Islamic bond.
A temporary accord which rolled over repayments to the Fund runs out in August; Argentina needs a multi-year agreement in its place.Even with a substantial debt write-off, renewing Argentina's access to foreign credit will demand fiscal austerity, raising the current target for the primary fiscal surplus (ie, before interest payments) from 2.5% of GDP to perhaps 4%.
The scheme uses the accumulated pension wealth as the collateral and a source of funding; any outstanding debt upon retirement is subtracted from the pension wealth (for defined benefit pension systems, the debt repayment would imply a temporary reduction of pension).
Silvia took first prize at the school science fair, and Lupita's temporary dollar-store job ended just before the repayments on her medical-assistance-training loan began.
According to Jonathan Swain, the SBA's assistant administrator for communications, "ARC is one small program, strictly for debt repayment, not for working capital a one-time temporary program that Congress asked the SBA to create under the Recovery Act".
In response to a demand for immediate repayment of a $43 million debt, WMATA sought a temporary restraining order against the KBC Bank Group.
A federal judge has granted the state a temporary stay for the nearly $250 million he determined it owed the Cayuga Indian Nation as repayment for illegally confiscated land.
He took calculated, even audacious risks, effectively daring the state Court of Appeals to say no to a moratorium on repayment of New York City's debt, which was essential to give the city some temporary breathing room.
