It has also put off much-needed structural reform of provincial-government finances, a commitment made by the previous government to the International Monetary Fund (IMF) as a condition of its loan agreements.
In other cases, people were told they had to buy the insurance as a condition of being offered their loan.
To prevent a catastrophic deflation as speculators turned in their pesos, Cavallo arranged for stopgap loans from the IMF (Argentina was tossed into a temporary recession because the IMF demanded major tax boosts as a condition for the bridge-loan financing).
The tax is a condition for Cyprus to get a loan from the EU and IMF.
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Pakistan's government has delayed a reformed general sales tax, which the IMF set as a condition for the next tranche of the loan, agreed in 2008.
Fraud for profit is committed by industry professionals who misstate, misrepresent or omit relevant details about their personal or their clients' employment and income, debt and credit, or property value and condition with the goal of maximizing profits on a loan transaction.
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The biggest success rate occurs when the loan-to-value ratio is below 66%, a condition that rules out recent subprime borrowers.
After 16 weeks she noticed that the loan was indeed positive and that she could use it to improve the condition of her business.
The German newspaper Bild am Sonntag has quoted officials from Russia's Culture Ministry as saying that they were ready to loan Priam's Treasure to Germany for exhibition, but only on the condition that it is returned.
For example, the government, as a condition of bearing part or all of the cost of reducing the principal on a given loan, might have insisted on receiving some share of the future appreciation in the value of the property in question, perhaps by issuing a second mortgage that had to be paid off upon a sale.
The bank that lent money to her for the retrofit on condition that LEED Gold certification is awarded, declares a default and requires her to immediately repay her loan in full.
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This is the same criterion used by the actuary of Social Security to compute the ultimate measure of the long-term financial condition of Social Security and used by private lenders in determining whether the purpose to which a prospective loan is put will increase the present value of a company's future cash flows by more than the amount of the loan.
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