Word: defaulting
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...local property owner to modernize his home. The borrower need put up no collateral beyond his own good name in the community. The size of his loan is limited to one-fifth of his income. Repayments can be made in installments up to three years. In case of default the U. S. will pay the bank 20 cents on each lost dollar under the "insurance" contract. The maximum interest rate is nominally 5%, which on time payments works out at nearly 10% or slightly less than the interest charged on most commercial installment loans. Thus bankers were
...worse condition than the investors in bonds in other projects where the primary asset consists of improved real estate. It is a well-known fact that there are many hundreds of millions of dollars in bonds on hotels, office buildings and apartment houses in the U. S. in default, in which investors' losses will be of as great or greater percentage of the amount invested as those who purchased Mr. Bitting's issues...
...conclusion, if Mr. Bitting believes he can conduct a hospital more successfully than have the Methodists, and his bonds are in default, he has a legal right to try his hand...
...office that he is now eligible to become a Virginia voter. But neither Mr. Hurley nor any other Virginian worth a hoot would make the race. So the Republicans gave up. Mr. Byrd will go back to the Senate for six more years, not by election but by default...
...eight outstanding Methodist Episcopal issues, totaling $5,000,000, are currently in default. The one which pains him most is that of the California Missionary Society. To help pay for a Methodist Hospital in Los Angeles, the Society in booming 1928 had Bitting & Co. float a $600,000 bond issue. In 1931 the Society paid off $55,000 of the principal, in 1933 made one interest payment. Not one other cent has it paid. By July 1, 1934 it had defaulted $67,000 principal, $59,950 interest...