Word: payment
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Dates: during 1990-1999
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Following what is accepted practice for non-profit institutions, Harvard pays Boston what is approximately equal the taxes the school would pay on graduate student housing (which is not technically used for educational purposes) plus an extra voluntary payment related to new construction at the Business School...
...During the course of the negotiations it became clear that the voluntary payment would be necessary in order to reach a satisfactory agreement," said Kevin A. McCluskey '76, Harvard's director of community relations...
Students could also vote to reverse last year's decision to eliminate the check-box option on term bills, which allowed students to forego payment of the council...
...cards, is using its popular Membership Rewards program as a fee generator. The company has hiked annual fees in the program 60%, to $40. If you want to link your personal card with your corporate card, that's another $10, please. And if you're late with your card payment, you pay a fee of around $15 and forgo your points for that month--unless you ransom them for another $15. Like many issuers, Amex has added a mandatory-arbitration clause, so customers can't take their disputes to court. At least shareholders are happy. American Express earned a record...
There are other, absolutely legal tricks available to the industry. Bill Anderson, of BankRate.com was surprised to learn that as a reward for mailing in his credit-card payment on time, he would have less time each month to pay. Ron Stadelman has another tale of woe. Last summer the Cary, Ill., real estate agent transferred his balance to a Household Visa card with a 10.4% rate. But within a few months, his account, among others, was purchased by Fleet Bank, which gradually hiked the rate to 26.9% and said Stadelman couldn't close the account until he paid...