The cash is used to buy enough two-year Treasury securities to cover the principal and interest due on the old five-year notes.

Another $800 million is required to cover interest on $8 billion in long-term debt.

These rules also cover accrued interest credited on the principal.

For the lack of forty dollars to cover interest, many a farmer lost land worth thousands, and the government seemed powerless to prevent such tragedy.

Kiam paid $300,000 to Murray yesterday to cover interest and carrying costs.

If there is not sufficient value in the policy to cover interest, the policy will lapse.

As its name suggests, the borrower's monthly payment covers only interest and none of the principal.

Mr. Gingrich agreed to maintain enough life insurance to cover the outstanding principal and interest.

In addition, they will get other notes to cover interest earned since December.

But accumulated deficits mean we have to spend 10 percent of our gross national product every year to cover interest on the debt.