Word: loaned
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Double Collateral Though Percy appeared bumbling and inept on procedural matters during the hearings, he persuasively showed that Lance had received a $2,625,000 loan from New York's Manufacturers Hanover Trust Co. in 1975 and signed a note pledging 148,118 shares of National Bank of Georgia stock, plus any future income from that stock, as collateral. After Lance received an N.B.G. stock dividend of 14,657 shares in December 1975, officials of the New York bank futilely sought to get Lance to deliver those 14,657 shares, to which it was entitled. Insisting that the value...
Lawyer Clifford eagerly pounced on an ill-advised invitation from Percy to clarify the matter. Clifford argued that Lance had merely bargained with Manufacturers Hanover over supplying the stock dividend and, when he and the bank could not reach agreement, ended the matter by paying off the loan. Indeed, Lance did so last January, drawing yet a third loan-for $3.4 million-from the First National Bank of Chicago. Clifford failed to point out that this was a full year after Lance first received the stock dividend. Percy was correct in insisting that Manufacturers had had a right to demand...
...carefully guiding him through the thicket of charges and questions. As Lance read his occasionally theatrical opening statement, Co-Author Clifford silently mouthed the words along with him. At one point the Senators paused in their rambling cross-examination to ask Clifford's expert help in interpreting a loan agreement that had been signed by his client. Clifford was the coolest and best-prepared person in the room...
Ullo, 49, a short, wily onetime New York City hoodlum who moved west 14 years ago, had been arrested a week earlier on a convenient charge of loan-sharking, with bail set at $1 million. Federal officials believe that he murdered Jack Molinas, 43, a gambling figure and porn-film distributor who was found shot in the head in his Hollywood Hills home in August 1975. The other victim: Vincent Calderazzo, a New York Mafia soldier whose bones were discovered by hikers in a shallow desert grave near Victorville, Calif., in March. Both were killed with...
...Federal Government offered a generous and farsighted plan to help low-income students through college. Under the terms of the guaranteed student loan plan, they could go to college or trade school now and pay later, borrowing money from their schools, banks or other lending agencies while the Government guaranteed repayment. In 1972 the plan was even extended to students whose parents earned more than $15,000. The terms were easy: students were allowed to defer payment until ten years after graduation...