Word: defaulting
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Despite the high amount of guaranteed student loans (GSL) made by Harvard. Tefft said the default rate of holders is "very minor, definitely below the national average." The default rate of its student holders is under 5 percent, half the national rate of almost 10 percent...
...three schools are the powerhouses of Eastern--and, by default, national lightweight crew, and more often than not, the HYP champ goes on to win the Sprints...
Critics charge that today's euphoria in the junk-bond market could be shattered by even one major default. Says Preston Martin, vice chairman of the Federal Reserve Board: "The market has not been tested by some significant negative surprises, which inevitably will come at some point." A default would probably cause no substantial damage to pension funds and other large, sophisticated investors, which generally keep only a small part of their portfolio in such certificates. But federal regulators are concerned about the increasing amount of junk-bond investing by banks and by savings and loans. Says Norman Raiden, chief...
...which long-distance carrier they would prefer. If the consumers still do not make up their minds, they would go into a pool to be divided among long- distance companies according to the proportions of customers who have already decided. That way everyone would get a share of the default business...
These various deals have narrowed the price gap between scheduled airlines and charter carriers. Last year five major charters went into default, but the five survivors expect a 20% increase in business this year over 1984. Sample round-trip charter rates from New York: London, $512; Paris, $507; Rome, $607. Standby fares are $100 less...