Word: cancelling
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Immediately upon buying the robots, Moneytronics turns around and leases them back to Meager Motors under a five-year deal in which the rental payments from the automaker exactly match, and cancel out, the loan payments by the high-tech firm. At the end of the lease, Meager Motors buys back the machines for $1. Result: Moneytronics not only receives a $1 million investment tax credit that offsets 50% of its down payment on the equipment, but the firm also gets to claim depreciation tax benefits. Thus it can effectively postpone paying taxes as well as enjoy interest-free...
Last year the cost of carrying Tasco's debt load escalated as the company frantically borrowed money from one lender in order to pay off another. At the same time Tasco's hard-pressed farmer customers, equally strapped for cash, began to postpone building plans and cancel orders for hog sheds. With debts of $8.5 million and assets of only $1.2 million, the company filed for bankruptcy last spring and is now in receivership...
...They nodded. My interrogator came for me and waved a paper under my nose. "Well, it's all over, this is your writ of execution," he said. "By the way, if you change your mind about your brother, let me know. Maybe I can get the judges to cancel your sentence...
Buyers' Information. Consumerists charge that the Administration is hypocritical in its claim to support a free-market economy because it has moved to restrict the flow of information needed for a truly free marketplace. The White House has canceled regulations that would have required industries to post a list of chemicals their workers are exposed to on the job, made drug firms spell out the possible risks of each medicine they sell, and now plans to cancel a regulation that would compel hotdog makers to note if their products contain ground bone. The Car Book, a popular 68-page...
...cancel those flight reservations-Chevy Chase, 37, has not signed on as a substitute air-traffic controller. But in the film Modern Problems, he plays a harried controller who loses his girlfriend (Patti D'Arbanville). When a nuclear accident leaves him with telekinetic powers, Chevy takes his revenge by turning Patti into a UFSO-Unidentified Flying Sex Object...