Word: payment
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Dates: during 1990-1999
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...infiltrating a Cali family. Calenos sell only to people they know, meaning other Colombians. A prospective wholesale buyer must establish his bona fides at an audience with top management in Cali. If he is approved, he is not required to pay cash up front. He will send the cartel payment after he resells the drugs to middlemen. The wholesale buyer must put up collateral, cash or deeds to real property as insurance if he is caught. He must also provide human collateral in the form of his family in Colombia, who will pay with their lives if he ever turns...
...only that, you'll have the cleanest credit record in town. "How's his payment history?" one computer may ask another. "He pays early!" the other may flash back. "Aw, c'mon," the first computer will say. "No, really! Here -- look!" Whereupon the first computer will look over the second computer's shoulder and sniff its perfume, and airline reservations clerks around the country will frown and say, "Sorry, my system just went down." All because...
...table that follows shows the "returns" you earn on each early payment, taking into account only the postal savings. If you'd also save on the cost of checks or envelopes -- let alone the hefty per-check fee some banks charge if you fall below their minimum balance -- so much the better...
...even just saving the 29 cents, look what happens if, say, you pay four $10 monthly bills in a lump -- the $10 you owe now, plus three additional early payments. As the table shows, on that first early payment, the $10 you tie up is "earning" about a 36% annualized rate of return. The second is earning about 18%, and the third -- $10 tied up for three months to save 29 cents in postage -- is earning an annualized...
...There is still a substantial amount of land with limited payment, while the cost of school books, blood for hospitals and other expenses continue to go up for the city," says City Councillor Francis H. Duehay '55, nothing that city governments across the country are looking to universities to pick up the slack resulting from the recession...