Word: deposit
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...death, but was too ill to do so. Noah Dietrich, Hughes' former chief lieutenant, said he had seen a will, but that was back in the 1950s. Investigators began a massive dragnet search for a will, combing through Hughes' old map cases, flight bags, books and safe-deposit boxes. They looked in one box in a Hollywood Bank of America branch where Dietrich believed the will had been placed. By week's end no one had produced Hughes' last testament...
...balcony of the theater, not much was to be seen; the actors on the big black stage were too far away, so that the audience spent its time craning for a glimpse of the TV monitors mounted along the parapets. Those who had hired opera glasses in the foyer (deposit $25, or a California state driver's license: realists, the concessionaires) trained them on the TV sets. Where else in the world, and on what other occasion, could an enthusiast spend so much money on limos, hairdresser, clothes, ticket, only to end up watching television through a magnifying lens...
...Credit unions would be allowed to make larger loans for longer periods, to issue share certificates with varying interest rates and maturities (similar to bank certificates of deposit) and to offer trust services...
...biggest reasons behind the new pressure for financial reform are the highly publicized troubles that banks are having with bad loans (TIME, Jan. 26) and the failures that those troubles have sometimes caused. Latest example: the $400 million-deposit Hamilton National Bank of Chattanooga fell victim last month to uncollectible real estate loans and its parent holding company, which once owned 17 banks with assets of $1.1 billion, followed it into bankruptcy a few days later. Rightly or wrongly, many Congressmen believe that closer regulation would have kept the banks from overextending themselves. So the creation of a new Federal...
...black account" is another favorite device. The term refers to money kept in a foreign safe-deposit box and doled out as the need arises. According to one U.S. executive in Latin America, the amount of cash in the box is usually kept small-$50,000 at the most-to avoid detection by auditors, and there are no receipts, no official records. Sometimes, though, the amounts are much larger. Lockheed's auditors discovered that payments ranging up to $130,000 had been made from a safe-deposit box in Paris at the discretion of company officials. The fund...