Vestrymen decided that ' particular inhabitants ' would be approached for what was termed ' a voluntary loan ', to be repaid at the end of five years.
The present discussion is confined to loans that were not repaid.
A quarter of the borrowers never repaid any of the initial loan.
The theory of economics is incomplete unless it can explain why economic agents often trust one another, and why that trust is often repaid.
In retributive punishment, the wicked person is repaid with harm for the harm he inflicted.
Unfortunately, although the initial loans were repaid, more recently high default rates have led to the suspension of loans.
Bonds have to be repaid out of general revenues; the pay-as-you-go asset goes to the plan members, not to the government.
Table 3 shows that labourers were mainly repaid with loans of capital goods.
