Cuba, a poor country, would either have to pay in cash or secure a loan from a foreign bank, most probably at high interest rates.

Once you've either paid cash or secured a loan for the car, your expenses are just beginning.

But he owes more than $268 million on loans secured by that stock.

There are two purposes for a loan secured by debt.

He secured loans for women groups to help them to develop self-help financial activities.

In addition, the interest on the loans secured by the music catalogs runs $11 million a year, he said.

In addition, 67pc said they had seen no changes in their ability to secure loans.

The banks had a choice of either putting companies into bankruptcy or getting their loans secured.

While others advertise building societies, he has enough problems securing a loan.

Under the program, needy students may secure a loan to support their studies from vocational to university levels.