Word: lumping
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Dates: during 1930-1939
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Hallowed by at least four generations of profitable practice is the underwriting of big bond issues. Advantage to the borrowing corporation is the fact that it gets its money in a lump sum on a definite date irrespective of current market conditions. And the "spread" between the price the corporation receives for its bonds and the price the public pays is supposed to compensate the banker not only for his time & trouble but also for his risks...
...eight men 9,000 ft. above in the gleaming Pan American Clipper, the exuberant specks on the beach were less interesting than the little lump of land they hopped on. It was Wake Island, an insignificant pinprick on the map since 1796 and an uninhabited U. S. possession since 1899. Now Wake Island had become vastly important as the third stepping-stone in Pan American Airways' long strides across the Pacific from San Francisco to Canton. Some 5,000 miles west of San Francisco, Wake consists of three low coral atolls, the largest but four miles long, surrounded...
...Dorothy Round, 6-3, 6-2, the U. S. needed only one more point for the series. It was up to Mrs. Arnold to get it in her match with "Kay" Stammers whose fast left-handed drive has helped make her England's No. 3 player, who eats lump sugar during her matches and who, in the Kent Championship last June, won a love set from Mrs. Moody. Mrs. Arnold...
...about to hand him 63,000 acres in eight districts of Austria, real estate in Vienna which in normal times yielded some $50,000 a year, the Mannersdorf Dairies which sell 4˝ million litres of milk annually, a list of other Habsburg property which grew daily, and a lump sum indemnity of $10,000,000 for destroyed or confiscated property which the Government was sorry not to be able to return...
...first and most eminent surgeons in England and Scotland, have uniformly declared in their lectures that such is the danger of peritoneal inflammation, that opening the abdomen to extract a tumor is inevitable death. Notwithstanding this, if you think yourself prepared to die, I will take the lump from you, if you can come to Danville...