Word: loan
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Dates: during 1970-1979
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...thing no one wants to contemplate is the possibility that ideological or economic pressures might force whatever government finally emerges in Iran to try to back out of its international loan obligations...
...Harvard representatives have demonstrated consistent poor judgement and insensitivity in making decisions," the letter charged, citing as examples the recent zoning proposal, as well as scheduled evictions of tenants from Harvard-owned buildings and a faculty mortgage-loan program city officials fear will dry up available housing...
Jack H. Frailey, director of the student financial aid office, said yesterday that 55 per cent of MIT students receive financial aid. "In general terms, it's almost certain that we cannot cover the increase with grant money. We will cope by providing more loan money and increasing the student wage rates," he said...
...fact, for many Americans, today's high rates have become a bonanza. The reason: since June, banks have been offering money market certificates. These are six-month time deposits that pay interest equal to-or when sold by a savings and loan, a quarter-point better than -what the Government has to offer to sell its six-month Treasury bills. And while regular bank certificates of deposit normally cannot be had for under $100,000, MMCs sell for as little as $10,000; many people have switched their savings to them...
Unlike commercial banks, which can cover their costs by making high-interest installment loans, savings and loan banks are restricted to mortgages. In New York, Pennsylvania and other states that have usury laws, mortgage-rate ceilings are now lower than the rates banks have to pay on the MMCs. As a result, some S and Ls have begun using the cash they have received for MMCs to buy certificates of deposit paying 11% or more...