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To: SmithL

Could you give me $100 so I could pay back that $100 that I borrowed from you last week?

Thanks. Now we’re even.


17 posted on 04/28/2010 10:18:30 PM PDT by Rocky (REPEAL IT!)
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To: Rocky

Actually this is a common practice in business. It’s known as a “rollover” or loan renewal. Companies (and Nations) often renew a loan or borrow the amount owed and use proceeds of new loan to retire the old debt thereby keeping the loan current and paying interest only


23 posted on 04/29/2010 3:17:09 AM PDT by 101voodoo
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