But by June last year ATI had defaulted on its term loan and likely had not paid interest on its term loan for months.

FORBES: For-loss education: How investors, lenders stand to lose everything in ATI Enterprises

One advantage of bonds to the borrower is that a bank will usually require payments on the principal of the loan in addition to the interest, so that the loan gradually gets paid off.

FORBES: Might Be A Great Time To Be A Bond Bear

If the borrowing taxpayer has met the requirement, he or she would have a long-term loan to be paid back at a competitive interest rate.

FORBES: An Entrepreneurial Fix For The Jobs Crisis

Initially, Sollberger paid the difference between the interest accruing under the loan and the interest from the FRNs.

FORBES: Sometimes You Should Just Pay The Tax

Recurring expenses--like interest on a bank loan, car payments or rent--are paid automatically, and Cindy receives notification by e-mail.

FORBES: Quicker, Better, Wiser

The interest rate on the loan was less then what the grandchild would have paid at a bank, and the loan came with an "unwritten" understanding that the repayment term could be extended if needed.

WSJ: Grandparents Helping More with Family Expenses

On a fifth of its loan book, or 56.6 billion koruna, no principal or interest has been paid for over a year.

ECONOMIST: Czech banking

To argue, when inflation is low, that low nominal interest rates make buying a home cheaper is as foolish as arguing that a loan paid off over five years is cheaper than one paid off over two.

ECONOMIST: The higher they climb, the further they will fall

Indeed, each would have paid above-average interest rates by obtaining a peer-to-peer loan or credit card cash advance, as well as incurred possible tax penalties through 401(k) withdrawals.

FORBES: Move up http://i.forbesimg.com t Move down

Mass Mutual advised that interest accrues on the loans and, if not paid when due, is added to the loan balance.

FORBES: Unfair Tax Court Decisions On Life Insurance Are Tip Of Unclaimed Property Iceberg