Its aim was to "stop Peru from contracting a fresh loan to buy munitions".

Daewoo Motor needs fresh loans from creditors to keep its production lines running.

Indeed, in some cases, the deals have involved fresh loans.

Both methods are intended to encourage lenders to keep making fresh loans.

Olympia & York has so far been unable to persuade banks to provide it desperately needed fresh loans.

Creditors agreed late Sunday to provide 2 trillion won ($1.66 billion), in fresh loans.

Long-term money flows from public investors to homeowners, and institutions in the middle can keep making fresh loans.

The banks rapidly stepped up their pace of fresh loans last year.

A real estate developer, for example, who is deeply in debt cannot get a fresh loan to carry him through hard times.

Others have taken out fresh loans on their homes to pay off other debts, help their children and cover medical expenses.