Word: moratorium
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Dates: during 1920-1929
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Payments are to be made on the now standard plan-over 62 years, with 3% interest for ten years and 3½% thereafter. A partial moratorium is, however, provided, so that the payment for 1926 is only $200,000 and successive payments increase gradually...
...considered even half the bill in detail, it was obvious that an utter impasse had been reached. Despairing, M. Painlevé saw his measure go down by the slender margin of 275 to 278 when a vote was taken on the the much criticized Fifth Article, envisioning a virtual moratorium on the short-term Treasury bonds falling due next month (TIME...
...taxes were now to be secured by a mortgage held by the Government on the property of the taxed individual or firm. This arrangement is, of course, the "capital levy" in all but name. 3) Instead of resorting to inflation in case of need, the Government would declare a moratorium on certain of its short term obligations, notably those which will fall due, on Dec. 8 next...
...Chief Executive was able to loll in the Gloucester hammock, shielded by the sheets from the curious and the sun. Before Secretary Mellon and Senator Smoot quitted their sturdy porch chairs the irreducible terms to be granted Belgium had been fixed, the all-important interest rate of the Belgian moratorium was settled...
...Expectation. The frequent emphasis on the phrase "capacity to pay" led to the general belief that a moratorium of five to ten years would be proposed with interest thereafter at 2% to 3% or thereabouts. The intention of both parties, however, seems to be to provide that Italy must pay "every cent of the principal" over a period of 60 or 70 years. This emphasis on the payment of principal is, of course, merely so much pious twaddle. Assuming that a ten-year moratorium is granted and that during that time the U. S. has to pay an average...