Word: crediting
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Dates: during 1920-1929
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Exports from the Dutch East Indies, upon last reports, topped one billion and a half gulden ($600,000,000), with imports at over half a billion. To the credit of the Netherlands, all nations participate in this trade without tariff preferences of any kind...
...Cambridge Latin team at this stage has a win and a loss to its credit Melrose defeated them 2-1, but they showed real calibre in defeating the strong Newton High outfit. Harlowe is the star of the schoolboy ice squad...
When she attempted to leave Russia, however, the frontier officials insisted that she was a Russian, despite her U. S. passport and the fact that she could not speak Russian. Acting with this assertion as their excuse they took from her: 1) letters of credit aggregating $3,000; 2) all her "undecipherable" papers and notes in English. Mrs. Flanagan was then allowed to proceed, reached Reval, applied to the local Soviet consul, and secured through him the return of her papers. He explained that the local frontier officials had exceeded their authority, patriotically supposing that "nobody ought to be allowed...
...buys an automobile, or a baby carriage, on the installment plan. He gives his note (mortgage), bearing good interest, to the retail dealer. The dealer sells the customer's note to a credit finance organization for less than its full value, that is, at a discount. This organization in turn may want ready money for fresh purchases of mortgages. If such concern has been investigated, approved and licensed by the American Rediscount Corp., it will be able to get the cash readily. This is just what the Federal Reserve banks do for ordinary commercial paper. But the American Rediscount...
Rediscount thus becomes facile, and just because of this facility the new company can enforce strict credit terms if it so pleases. Already it has set a gauge for the time-buying of motor cars. One-third of the retail price must be deposited at the time of purchase, the rest to be paid within twelve months. No money may be loaned on cars more than 2% years old, and only 1/3 of the retail price of the model when...