Word: iou
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Wasn't it Candidate Reagan who assured us that he would fill positions of responsibility with people from the world of business; people who "would be taking a step down" to assume the job? Isn't Bell's nomination just taking care of another political IOU...
Commercial Paper. This is a short-term corporate IOU that is not backed by any collateral. The safety depends on the soundness of the corporation issuing it. Commercial paper and large certificates of deposit currently pay the highest rate of interest available to most individuals, about 17.50%. Disadvantage: the minimum investment is usually...
...IOU, or marker, of dubious value. The marker in this case is the horseplayer's six-year-old daughter (ah, so, thinks the alert viewer, past whom no subtlety can be slipped, that's what the film's title means). Sorrowful does not deal in human flesh but just now he is distracted; a dim-witted killer named Blackie (Tony Curtis) is trying to muscle him into investing in a gambling casino...
Rosovsky, however, looks to the next four years as a time for learning, a period when the Core committees can experiment with various options and modify the basic proposal. Calling the Faculty's vote authorizing the Core plan "an IOU from the Faculty to the students," he makes it clear that the obligation will be fully repaid only when Harvard undergraduates have a completely revamped curriculum. It is a debt that the dean will go to great lengths to honor
Rosovsky, speaking at a press conference after the meeting, called the Faculty vote "an IOU from the Faculty to students," which will be paid off when the Core is fully implemented...