Word: creditably
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Dates: during 1950-1959
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...TIME erred. Fortnight ago Maserati's creditors approved the controlled-man-agement plan, under which the company can get a moratorium on debts for a stated period and can revamp its credit structure through procedures similar to those used by U.S. corporations that are not insolvent...
...governmental and private, from North America and Western Europe; then, a substantial increase in imports into dollar areas, chiefly the U.S.; and finally, an overhauling of our international financial institutions, principally the International Monetary Fund, to make possible the expansion of world exchange reserves and the provision of more credit where it can be most effective...
...come up with a lot that needed explaining; e.g., Walker received $26,000 in securities from brokers interested in local taxicab legislation that was subsequently enacted; he held $10,000 in bonds of a steel corporation that later received a city contract; he received a $10,000 letter of credit from promoters of a bus company that won a city franchise; he accepted "beneficences" of $240,000 from Newspaper Publisher Paul Block. Recalling that an earlier Seabury target had admitted getting thousands in cash from "a wonderful tin box," Jimmy protested: "I took it home...
While Nasser junketed through Soviet Russia, his press grandly proclaimed that the German "loan," along with an earlier $175 million Soviet credit, would enable Egypt to fulfill its five-year plan in three years...
Actually, Bonn had not granted the Arabs any credit at all in the usual sense of the word. Under Erhard's policy of guaranteeing exports to underdeveloped countries, German firms which intend to do business in the "regions" of Egypt or Syria may submit their plans to Bonn for approval. They must finance their own shipments; only if the U.A.R. should fail to pay would the guarantee operate. For Cairo's ambitious list of factories, bridges and port projects, the West German government would promise only to provide technical advice and training...