Word: loan
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Here's how it would work if, for example, Pullman issued $100 million worth of King bonds. The money raised, minus commissions, would go directly to the fright master himself in the form of a loan. That means, Mr. King, that it won't be taxable income. Investors who buy the bonds would get the principal back over about 10 years, plus perhaps 8% annual interest, from King's royalties. Need references, Mr. King? In the past three years, Pullman Inc. has announced deals involving more than $200 million worth of bonds secured by the works of not only that...
...current changes are the beginning of a long-term strategic plan being drawn up. Other reforms being considered are loan forgiveness and requirements for pro bono work...
...Though Danco attracted investors--the privately held company won't reveal their identity--the firm still had trouble getting full funding. According to the Wall Street Journal, the greatest infusion of cash came from the David and Lucile Packard Foundation in the form of a $10 million, advantageously arranged loan. "They were not able to raise the money through regular channels," says Sarah Clark, head of the foundation's population program. "It didn't surprise me. It makes...
Credit for the decrease can also be given to better enforcement and administration of the loan program by schools, Glickman said...
Parks said that Harvard also requires graduating students to attend an "exit interview" about their loan obligations with the financial aid office...