Word: debt
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Leveraging its strong credit ratings—the highest granted by rating agencies Moody’s and Standard & Poor’s—Harvard will issue new taxable fixed-rate debt. Unlike tax-free debt, these bonds can be used for any University expenditure and thus increase Harvard’s cash flexibility, Forst said...
...University will also convert existing short-term tax-exempt debt into bonds with longer maturities, allowing the University to postpone short-term payments to debt holders and retain a larger financial cushion to the volatility in the credit markets...
...Kopko recognizes that this is small potatoes, considering that many students are accumulating debt at a rate of $20,000 and up a year. "Our service doesn't solve the problem, but it's a step down that path," he says...
...they don't want to wait the 90 days, they could agree to temporary interest-rate cuts to reduce the homeowner's monthly payments to an affordable amount. The idea is to make it possible for homeowners to pay their mortgages rather than writing off their debt as bad loans...
Both businesses had attracted criticism for their sluggish response to changing consumer tastes, but it didn't matter much in fat years - and British retailers have enjoyed some very fat years. In June, government figures showed that free-spending British families had racked up debts equivalent to 173% of their incomes, by far the highest ratio of debt to income among G7 nations. That's one reason why the IMF has predicted a sharper contraction in Britain than in other advanced economies...