Word: payments
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Dates: during 1950-1959
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...reduce their redemption value below par. Oddest provision of all: if the public fails to buy up the issue, the government threatens to increase tax rates enough to make up the difference. In that case, citizens who have bought bonds will be allowed to turn them in as payment on the new taxes...
When he discovered the identity of Mr. Marshall, Telvi came back and demanded $50,000. He was promised an additional payment, and two weeks later he got it: he was shot in the back of the head and dumped into an East Side gutter...
...payment, the U.S. agreed to accept not dollars but Indian rupees. Further, the U.S. agreed to spend all of the rupees it will receive in ways calculated to benefit the Indian economy. The breakdown: 65% to go to India as a new U.S. loan, the details of which are still under negotiation; 15% to be a direct U.S. grant to help India's economic development; 20% to go toward U.S. Government costs in India, e.g., the construction of a handsome new U.S. embassy in New Delhi (see ART). The U.S. attached an enlightened self-interest condition to the deal...
Though economists are chiefly concerned by pyramiding personal debt and such installment loan abuses as no-down-payment deals and overlong terms, the installment buyer is not yet being pinched, will be the last to feel it. Bankers welcome installment loans not only because they are quickly repaid (average loan duration: two years) but also because few customers resist high interest rates (top effective rate* at New York banks: 11.7%). The installment buyer is usually not concerned with interest rates; all he wants to know is the size of his monthly payment and whether he can carry it. Household Finance...
HOUSE BUYING will be easier under new FHA regulations reducing down payments on old houses to level now prevailing on new houses. Instead of minimum down payment of 12% of first $9,000 of price, 27 % on rest, old-house buyer can now pay 7 % of first $9,000, 27 % on rest. On $15,000 house this means minimum down payment drops from...