Word: loaned
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Dates: during 1960-1969
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...first $300 of a financial aid grant is a long-term loan. If more money is needed, the girl receives a scholarship gift. Most grants are a combination loan-gift...
There is no difficulty in raising funds for such purposes--for the businesses are not hand-out welfare operations like the poverty program but sound profit-making enterprises. They pay back loans--and banks know it. A loan to transfer ownership of a profitable business is relatively easy to arrange, given the present climate. (And new government aid programs are also available...
Lytton has made a career of living up to that flamboyant self-assessment. While competitors derisively nicknamed him "Black Bart," and grew apoplectic at his unbankerlike antics, he built his savings and loan holding company from a 1958 midget into a $685 million-asset mammoth, fifth largest in the U.S. And he burnished his status by becoming a patron of the arts, a party-giving friend of Presidents Kennedy and Johnson, and state finance chairman (from 1958 to 1962) of the Democratic Party...
...progress is being made. One day last week, a Japanese industrial borrower phoned the Paris office of an investment bank, whose officials in turn called a German and a Belgian bank to raise money for him, while a London bank acted as financial agent on the loan-which was quoted half in dollars and half in Deutsche marks. More deals like that would go far to unclog the capital channels...
...When, in July 1861, Abraham Lincoln's hard-pressed Government sold a $50 million, 6% loan, redeemable in 1881, only by the device of marking each $100 of bonds down to $89.25, thus raising the interest yield...