Word: loaned
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Dates: during 1970-1979
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...report also showed that Carter's business received terms on the loan that were better than the then-current prime lending rate--supposedly the lowest rate available to borrowers...
Powell said that the interest rate on the loan was lower than the prime, but insisted there was no illegality involved...
...added that Carter's only involvement in setting terms for the loan occurred when he asked his brother, Billy, to ask Lance to reduce the interest rate...
Pawn the Library. Desperate to meet a payroll, the University of Miami once hocked $1 million worth of library books to Miami's Pan American Bank in order to secure a $400,000 short-term loan. Fortunately, that was some years ago, and today the library is safely out of hock...
...Loan the Stock. Harvard nets $1 million annually by risk-free loans of its stock to brokerage houses; the firms use the short-term loans for bookkeeping purposes. Of course, it helps when pursuing this strategy to have Harvard's stock portfolio, which is worth $700 million...