Word: issuers
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...lure of the card business, and the reason that the newcomers are prepared to sell checks without a fee, lies in the "float"-all that money from checks that have been bought but not yet cashed. The check issuer has free use of the funds. Thus American Express's pitchman, Karl Maiden, urges returning vacationers to keep their unspent checks in their pockets as "emergency money"-and his campaign is working nicely. Although no firm returns are in yet on the Maiden campaign, American Express studies indicate that people already keep approximately $1 billion in cash stashed away...
...customs of foreign markets. In any case, they have found a way around the problem: the credit agencies are willing to conduct secret investigations of would-be foreign borrowers. If the bonds get the coveted triple-A rating that overseas borrowers still need to raise U.S. money easily, the issuer proudly lets the results be published; if not, it usually simply decides not to sell the bonds, and no one ever learns that it was investigated, let alone that its credit standing was considered less than tiptop. Many American investment institutions are banned by law from buying foreign bonds that...
...coincidence, the outflow began when Washington granted financial institutions permission to sell so-called "wild card" CDs. The wild cards, sold to savers who will keep at least $1,000 on deposit for at least four years, yield interest at whatever rate the issuer chooses to pay; Manhattan's First National City Bank last week was offering CDs yielding 9.59% for this quarter. S and Ls can and do sell wild cards, but their ability to do so is severely limited by a rule specifying that the total amount of wild cards an institution offers cannot equal more than...
Commercial paper is simply a written promise to pay issued by a company that wants to borrow money for a short period (usually 90 days, never longer than nine months) and generally bought by another corporation that has some spare cash to lend. The issuer need not register with the Securities and Exchange Commission, give the buyer a prospectus or back the promise with collateral. His word is his bond...