It truly is an unofficial agreement with unsecured creditors to avail repayment of financial loans around a certain time frame. Time typically extends the first time-frame availed through the borrower. It is a procedure to Get the debts underneath Manage by right setting up and execution.
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"If we are telling ourselves we're paying revenue and buying our long run in a way that we are not, then we are courting disaster," reported Matthew Samuda, a minister in Jamaica's Ministry of Financial Advancement and Work Development.
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