Word: paybacks
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Dates: during 1980-1989
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Commercial banks at first lent freely to those countries on the basis of their economic promise, granting them liberal payback terms. But by 1982 the banks were sharply curtailing Third World lending. By then it was clear that those countries had difficulties even paying interest on their loans. Not only were they already deeply in debt, but their economies were slowing down because of recession in the industrialized nations. Oil-rich developing countries were also strapped for cash as oil prices dropped...
...back to the winter of 1977 to see one outbreak after another of record-breaking temperatures," said Long-Range Forecaster Donald Gilman. "The odds are against it." But a Chicago department-store sales clerk has her own fatalistic interpretation of the abnormally cold weather: "This is the payback for the little baby winter we had last year...
...Bank will be a boost to that federal agency, which makes loans and loan guarantees for the purchase of American exports with the aim of stimulating U.S. business and creating jobs. The bank has been coming under attack by budget cutters in the Reagan Administration. The $420 million payback will reduce the agency's need to borrow in the credit markets and thus may slightly ease pressure on U.S. interest rates. In addition, the settlement improves the agency's image by paring down its roster of deadbeats. Revolutions like Iran's have resulted in bad loans, including...
...quality circles at its Horn Lake, Miss., plant. Says Robert Scott, Dover's quality-circle coordinator: "It has done so many good things you can't even count them. I suppose if it were to be put in dollar terms, we have had a $12 to $15 payback on each dollar invested in the program." One quality circle suggested a way to install elevators in shafts more economically; the improvement will save Dover $2.5 million over the next five years. Westinghouse Electric Corp., with more than 2,000 quality circles, estimates that they helped boost the company...
Bennington will in effect receive an interest free loan in the form of payments for the campus from the alumni. The subsequent lease payments will be akin to an extended payback of the initial loan...