GrunkyPeep
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- Jul 10, 2019
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That's one way of looking at it.That is what a loan is. Borrowing money to be paid back on receipt of future income.
The other way to look at it is that we have sold our confirmed future income to be able to use it now.
Either way it's not a "I'm skint, I don't have the money, but I will pay you back over the course of x months" loan, it's a "I've won the lottery but I can't access that money for 1 year, I want that money now so the Lottery people will give you that £100m next year and you give me £95m now".