Word: forfeit
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Dates: during 1960-1969
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...Forfeit. There was no denying that California Art Collector Simon was interested. Last summer Los Angeles County Museum Director Richard F. Brown, who has counseled Simon in many of his purchases, went to Liechtenstein to examine the prince's Leonardo in the sunlight of the palace courtyard. Simon is no collector to buy a pig in a poke. Before bidding $2,234,400 for Rembrandt's Titus last March, he had the painting gone over by experts; in fact, earlier, when Titus was still privately owned, he refused to buy it because his advisers were not permitted...
...insisted that the price be reduced to $6,000,000 and that he have the right to take it to experts outside Liechtenstein for a complete scientific appraisal. To ensure his good faith, Simon was willing to put up $500,000 as a down payment, or as forfeit, should he decide against buying...
Despite that policy, and thanks partly to Mrs. Hicks, Boston's schools remain racially unbalanced. At least 25 schools have enrollments that are less than 20% white. A new state law (TIME, Aug 27) requires schools to correct imbalance or forfeit state funds; Boston has until October to complete a pupil census, and then must submit plans to redress the balance. And U.S. Commissioner of Education Francis Keppel has begun an investigation to see if Boston's schools can continue to qualify for $2,000,000 in federal...
...yawns wide. For these reasons, all the talk about blundering into another Korea-type war in Southeast Asia seems to me as idle as is the fear behind it. Palpable risks and dangers are present in such number that if those who make policy recoil from chimeras, they will forfeit what chance remains to help South Viet Nam save herself...
...decision to reject Sohn's plane was reportedly based largely on fears that a cheaper flight would drain passengers from other HSA charters. If a chartering agent cannot present a sufficient number of passengers by a specified date, he can be asked to forfeit a ten per cent deposit. The flight is then canceled, or "aborted...