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Yet within months, the borrowers of the underlying mortgages had begun to default on their loans and without the expected cashflows the bonds began to collapse.
Most of the borrowers of Slug's money spent it for liquor or cocaine.
Grameen Bank is owned by the borrowers of the bank, most of whom are poor women.
When we open that bottle of champagne to celebrate $1 million in loans by our team, we will toast the borrowers of these loans; each of those people is the reason for this whole thing, after all.
If enacted, a truly bold initiative like this would benefit many middle class Americans, including the borrowers of the estimated one million who will receive foreclosure notices this year, instead of just boosting the bottom lines of large financial institutions.
However, a majority of the borrowers of the FDF come from the older age groups.
Similar(54)
In a short sale, the lender allows the sale of the home for less than the loan amount and often relieves the borrower of any further obligation.
Under modern economic conditions it is rarely feasible to deprive the borrower of charged goods, as the rise of no-pledge security interests demonstrates.
The difficulty for the borrower, of course, is determining which mortgage ends up being the less expensive over the long run.
The traditional mortgage has the advantage for the borrower of being easy to understand, while for lenders it offers a stream of repayments.
where Bi,l specifies the interest amount paid to the hedger by the borrower of the cash amount (left (1-h^{i,l}right)left (xi ^{i}_{t}right)^ S^{i}_{t}) and hi,l is the corresponding haircut.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com