Word: loaned
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Dates: during 1990-1999
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...Wenner's woodsy hideaway in Idaho when he noticed some coins in the soil. On further inspection, he and his boss, LARRY ANDERSON, found a mason jar full of them, dating from 1857 to 1914. Corliss says he gave them to Anderson as collateral for an $11,000 loan. When he came to pay the money back, Anderson refused to return the coins and gave them to Wenner, the owner of Rolling Stone and several other glossy magazines and, need we add, a very wealthy man. Corliss is suing the rock mogul (and Anderson) to get back the coins, which...
...your head, and that's worth a lot. The median resale price of homes rose 6% in the past year, up to $330,000 in San Francisco and $121,000 in Charleston, S.C. A new appraisal may enable you to stop paying mortgage insurance or secure a home-equity loan to shrink credit-card debt...
Celebrities who issue bonds are essentially borrowing money and paying it back through future royalties. So the loan--the up-front money--is free of income tax and in fact can generate a tax deduction: forfeiting royalties is partly an interest expense, deductible if the loan is used for investment. Once the bonds mature, the celebs retain ownership of the property that generated the royalties. If the royalties are greater than expected, the bonds get retired early. So the celebrities get all the upside...
Grants aside for the moment, virtually any full-time student, regardless of income, is eligible for a federal college loan--an appealing option since the interest rates on loans, including Stafford. by far the most widely used, were lowered this year...
...four-year college student with a $12,000 average debt about $600 in interest over 10 years. That's a real boost, considering the average debt of college graduates is $12,866, and almost 1 in 7 alums owes more than $20,000. Additionally, the interest paid on any loan used for education expenses is deductible for borrowers with an adjustable gross income of less than $55,000 a year, or $75,000 for joint filers...