Word: discountable
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Dates: during 1950-1959
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...Department-store sales for the week ended May 25 slipped 1% behind the corresponding week in 1956. Yet according to the Federal Reserve, sales for the year to date were 2% better than last year. Predicted Chicago's Commercial Discount Corp., after a survey of 361 retailers: sales will wind up 1957 at least 6% higher than 1956's record...
...collected nearly $80,000 in assessments and contributions from union members to form the Ray Leheney Memorial Fund for the benefit of Mrs. Leheney. Then, as the trustee of the Teamster funds, he "loaned" the National Mortgage Co. $71,407, with which he and Hedlund bought contracts at a discount. After some $10,000 in payments had been made on the principal, they "sold" the contracts to Dave Beck, now acting as trustee of the Ray Leheney Memorial Fund, for $71,607; scored an easy profit of more than $11,000 for Hedlund and Beck, and left the widow...
JAPANESE IMPORT CRISIS is becoming so severe that foreign-exchange reserves will be exhausted in six months if importing continues at present pace. To brake imports, Bank of Japan hiked discount rate from 7.7% to 8.4%. Reacting to boost, Tokyo stock market suffered biggest drop since Korean war ended...
What many veterans do not know is that they are already paying at least the equivalent of 5% interest. Most moneylenders who accept VA loans do so only at considerable discount in order to offset the 4½% rate. Builders pass on this hidden charge to veterans by inflating the cost of the house. And by preventing the veteran from building earlier, the VA's low rate has actually cost him extra money. Industry sources, for example, expect house prices to average about 3% higher this spring than last...
Most of the residents seemed eager to move into Dunster, giving as the chief reason the inconvenience of having to walk to meals. Those preferring to remain in Wigglesworth next year stressed its proximity to classes and Lamont, its uncrowded atmosphere, and the discount which they received on room rent...