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Word: defaulters (lookup in dictionary) (lookup stats)
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...decide otherwise, consider that most business start-ups fail and that temporary problems have a way of becoming fatal ones. In other words, a lot of these loans go bad. About 14% of personal loans end up in default, according to Circle Lending, which formalizes loans between family and friends. That compares with about 1% of bank loans. So don't be surprised if your largesse ends up lost...

Author: /time Magazine | Title: A Loan at Home | 3/22/2007 | See Source »

...legal and tax purposes and billing and collection services too. It will also restructure the loan if necessary. Such flexibility is hard to find at a bank "and really keeps a loan on track," says Asheesh Advani, founder of Circle Lending, who adds that proper documentation cuts the default rate by more than half--to about...

Author: /time Magazine | Title: A Loan at Home | 3/22/2007 | See Source »

...back in 1949, the French writer Simone de Beauvoir recognized that because men have traditionally been considered the primary or default model for humanity (wasn’t Eve made of Adam’s rib?), women are judged according to this standard and therefore appear secondary and “inessential...

Author: By Justine R. Lescroart | Title: No Need to ‘Fuck the Man’ | 3/18/2007 | See Source »

Borrowers with poor credit and unusual loans have often taken on more debt than they can handle. And if rates rise, they are vulnerable to default and even foreclosure...

Author: /time Magazine | Title: A Sub-Prime Primer | 3/15/2007 | See Source »

...PetroChina, Sinopec, Petronas). In effect, this means that Harvard could own a negative number of shares in these companies. The Crimson also only reported indirect holdings through Exhange Treaded Funds (ETFs), such as the FXI index. However, the HMC also owns (and sells short) securities such as bonds, credit default swaps, and other derivative instruments, the trading of which directly impacts (for better or worse) the welfare of the companies in question. Second, these shares held by the Harvard Management Company are held only through Exchange Traded Funds (ETFs) and other broad market indices. Almost any ETF has a component...

Author: By Benjamin J. Conlee | Title: Criticism of HMC by HDAG and The Crimson is Misinformed | 3/15/2007 | See Source »

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