Term Out

The term or time or periods or duration of money owed is starting to come due. Its term of being loaned is ending.

You, CFO of whatever.com, helped the company borrow $100 million 8 years ago, promising to pay it back in a lump sum in 8 years. But times didn't treat you all that kindly, and while you could sell off parts of your company to pay back the principal, you really don't want to do that.

All $100 million is due next month. Had you termed out the loans, you'd have had $10 million come due each and every year for a decade, and then slowly paid down the loan in digestible chunks. But no, you didn't do that. So now, by not terming out the loans, there is really just one term...and it's all hitting at once for 100 meg.

So, um...this is on you, pal. The good news: you can always drive for Uber.