Word: deposit
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...growing legal storm lashed Citibank in New York, where some $12 billion of Lloyd's North American reserves were on deposit. Paul Cohen, a supervising examiner for the New York State insurance department, declared in 1995 that the reserves were "seriously deficient" and "unlikely to cover all losses" at Lloyd's. Cohen accused Citibank of permitting Lloyd's to shift assets from the accounts of Names who owed nothing to pay the obligations of those Names who did--in violation of the Names' contracts with Lloyd's and trust agreements with Citibank. Citibank declined comment, citing pending litigation...
...where issues can be dealt with in catchphrases. His few attempts at concreteness tend to collapse in self-contradiction. He wants to use the budget surplus to shore up Social Security and preserve it for future generations; at the same time, he would undermine it by letting workers deposit part of their payroll taxes in private accounts. Long an advocate of a flat tax with minimal loopholes, McCain proposed a tax plan riddled with loopholes for the middle class that would make flattening the tax rates more difficult. He wants to pass federal education funds back to the states with...
...There is no attendance policy for the Thursday night meetings or Sunday trips, and the only requirements are weekly dues for those who attend meetings and a $10 deposit to reserve space on a trip...
...DOUBLY SURE The Federal Deposit Insurance Corporation insures deposits up to $100,000, but when banks merge, the insurance does not add up with it. Do you have separate accounts totaling more than $100,000 at two merging financial institutions? First, congratulations. Second, remember the combined amount will be covered only until six months after the merger is completed. Beyond that, deposits held under the same name or type of account are insured only up to the $100,000 limit. "It's up to you to restructure your accounts during the six months," says FDIC counsel Christopher Hencke...
Surprisingly, though, at least sometimes it does happen. Even better, givebacks are becoming more common as states make it easier to search for unclaimed property--be it an overlooked utility deposit at your first apartment or stocks and bonds that Aunt Agnes neglected to declare in her will. Heirs in Florida discovered a forgotten cache of pre-breakup AT&T shares this year and collected...