Word: discountable
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Dates: during 1950-1959
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Britain before they could use them) for $2.32, as against $2.45 a week before. More seriously, "transferable sterling," which the British accept from European and other "soft currency" countries who cannot pay them in dollars, was selling in New York at $2.40, a discount of 14% on the official rate of $2.80. At this rate, slick continental operators could buy Malayan rubber or Australian wool (telling the British it was for their own account), then transship it straight to New York and undersell Britain's direct, dollar-earning sales. This "leak" in Britain's tight control on sterling...
...Discount the Chimps...
...Cash discount advertising...
...Brattle Theatre Party starts off the weekend Friday night, with a formal dinner in Briggs and dance in the gym Saturday, and a beach party at Crane's Beach Sunday. The Brattle Theatre is giving the seniors a 25 percent discount on tickets...
...acquired by turning in present long-term bonds paying only 2½%. But they can be converted or transferred before maturity only by exchanging them for marketable five-year notes bearing only 1½% interest. Since these 1½% notes will undoubtedly sell for a discount in the open market, anyone who sells the new bonds will take a loss. The Treasury apparently thinks the penalty will be big enough to keep bondholders from selling, thus freeze the bonds...