Word: payments
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Dates: during 1970-1979
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...while on active military duty in Viet Nam. His grandmother, Christine Jackson, who had bought an accident policy on Cook's life, tried to collect the $1,000, but the North America Assurance Society of Virginia refused to pay. The company cited a clause in the policy barring payment if death occurred "while in military service in time of war." Though a lower court agreed with the insurance company, the Virginia Supreme Court of Appeals found that the policy's war clause did not preclude payment. Reason: the Viet Nam conflict is not a war in the legal...
...founded United International Club, Inc., whose card entitles some 31,500 holders to discounts averaging 10% at 700 stores and restaurants. The only stipulation is that the holders pay cash. Participating merchants, most of whom are located in the Los Angeles area, are happy to get immediate payment and avoid the 2% to 7% service charge that regular credit card companies demand on each transaction...
...nations settle those debts. The system was made possible by a promise from the U.S. Treasury to redeem dollars for gold at $35 an ounce. Because of that promise, IMF member nations had been assured that whenever they wanted gold in exchange for the dollars that they held as payment of debts, all they had to do was ask the Treasury Department in Washington...
...Under the compromise plan, the interchange was designed so that Manchester's existing recreational facilities could be preserved within the "cloverleaf"-the network of curving ramps that connects the intersecting highways. Furthermore, additional facilities could be built with the $263,275 the town received from the government as payment for the interchange land. The state highway department also agreed to design underpasses through which pedestrians could stroll from one land area to another...
...that 69% of the men he interviewed had visited a prostitute at least once, and that 15% to 20% did so several times a year. From this, one team of investigators has boldly inferred a grand total of 315 million episodes of commercial sex per year, for a collective payment of $2.25 billion...