Exact(3)
Reverse mortgages allow people who are 62 and older to convert the equity in their homes into cash, with the loans usually repaid by selling the house after the owner dies.
(The firm says such figures are meaningless because its loans are usually repaid within a month and interest stops being added once a loan is overdue by 60 days or more).Mainstream banks have found it hard to serve clients at the low end of the income scale.
Last week, the Office of Fair Trading launched a review of the payday lending sector, looking at all the companies offering these short-term unsecured loans, which are usually repaid on the customer's next payday, in response to concerns that "some payday lenders are taking advantage of people in financial difficulty" and not meeting "guidance on irresponsible lending".
Similar(57)
A few dollars for lunch, a twenty to last the weekend: usually all is repaid promptly, with thanks.
State law says such loans usually must be repaid before the primary, and Mr. Golisano said last month that they would be, but they were not.
Those who have been overcharged have, on average, had to wait almost two months to have money repaid usually involving an average of six hours spent on phone calls and correspondence.
Borrowers typically pay interest rates of 5-10% a month on loans that usually have to be repaid within three months.
Usually, the advance must be repaid within 30 to 35 days.
If the underlying assets go bad and the products can't be repaid, the banks are usually not technically liable, but the risk is that they will be forced to take the losses nonetheless.
In 1788 a series of letters begging loans from a fellow Freemason, Michael Puchberg, began; Puchberg usually obliged, and Mozart seems generally to have repaid him promptly.
In Europe, general partners do not usually receive any carry until a fund has repaid all of the capital invested by its limited partners.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com