Word: borrowing
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...bond issue, known as series E. Carries--in a very limited sense-a variable rate, because Harvard can call in the bonds at certain specified time periods, pay off bondholders, and then borrow the money again at a new interest rate...
...says that Sallie Mae recently received an 'AAA' rating for credit worthiness making it one of only three financial institutions in the country with the highest possible rating. This means the company can borrow at lower interest rates and increase its profits handsomely...
Cambridge will find it easier and cheaper to borrow money, since the Standard and Poor's Corporation bond rating service upped the city's credit rating from BBB + to A -, city officials said yesterday...
...back on its IDA contributions. If credit-worthy beneficiaries like India (which now gets one-third of the IDA'S largesse) and China were forced to borrow at the bank's subsidized interest rates, according to the report, the poorer countries could receive higher levels of aid. To qualify for the grants, which, technically, must be repaid within 50 years, a country must have a per capita income of less than...
Culture Club whips up a smooth, seamless sound that proudly picks every pocket of pop for inspiration: reggae, soul, country and western, mainstream rock. The results are whimsical, joyous and occasionally mysterious detonations of apparently casual inspiration. Very cool, very catchy and, to borrow a favorite word of the lead singer's, never naf. "Naf' stands for out of it, rotten, done over and overdone-and not, clearly, for Culture Club, which seems, at this somewhat disjointed juncture on the hit parade, to define the very core of contemporary...