Word: payments
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Dates: during 1950-1959
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...named Torgbraz came to the fore as the Soviet Union's trading arm. Run by a retired Brazilian colonel and a "refugee" from Russia, Torgbraz (Trade-Brazil) offered to supply Petrobras, the state oil monopoly, with crude oil, drilling and refinery equipment on either "short-or long-term payment." (At present Petrobras gets equipment from U.S. companies on strictly businesslike terms...
...split. The truth is that Gulf Italia Co., under its concession terms established in 1954, pays to the Sicilian government a royalty of one-eighth of the gross production, plus corporate taxes (i.e., income tax and tax on the capital and on the extra profits). The combined and aggregate payment to the government of royalty and taxes brings about a fair and equitable profit sharing, which is practically equivalent to a fifty-fifty split of the profits...
...range for precious brass, implied that the U.S. military authorities at the range were almost criminally negligent, and said that Girard himself, "immature in his thinking, [had given way] to a childish whim . . . satisfying a momentary caprice." The sentence: three years' hard labor suspended (no jail time), and payment of witnesses' expenses...
...company insures only urban dwellings (farms are a bigger risk), deals mainly in 25-year mortgages with 20% down payment. It approves any interest rate agreeable to lender and borrower (though in practice the rate usually is 6%, and is often less), charges only about half FHA's ½% service rate, decides on a mortgage in about three days v. FHA's four to eight weeks. It allows the lender to cancel his mortgage insurance at any time without FHA's penalty. Unlike FHA, it waives all deficiency claims, i.e., claims for the balance of the mortgage...
McDonald pointed out that any installment payment proposal for education would have to consider that students are sometimes afraid that by borrowing they commit themselves to immediate repayment. "I would be afraid of a loan program that in effect governed a student's professional planning." McDonald said, advocating that the University maintain in a flexible repayment system based on income tax returns. "We may have to convert some loans to scholarships, after the fact," he added...