Word: prepayment
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...State Insurance Fund will take $100 million and the city sinking funds $180 million. In addition, New York banks have agreed to provide $406 million by rolling over short-term city notes that they hold and buying or underwriting Big Mac bonds. Finally, big property owners have pledged to prepay $150 million in real estate taxes...
...world is probably about evenly divided between delayers and do-it-nowers. There are those who prepare their income taxes in February, prepay mortgages and serve precisely planned dinners at an ungodly 6:30 p.m. The other half dine happily on leftovers at 9 or 10, misplace bills and file for an extension of the income tax deadline. They seldom pay credit-card bills until the apocalyptic voice of Diners threatens doom from Denver. They postpone, as Faustian encounters, visits to barbershop, dentist or doctor...
Balky Judge. LTV must repay $55 million in interest to its banks next January and an equal amount next July; a primary problem of the new board is meeting those installments. Last week LTV announced that it expected to prepay up to $47 million of the debt "in the near future." The money will come from the sale of Wilson Sporting Goods, which was disposed of in February. Discussions have also been going on with several possible purchasers of Braniff Airways and Okonite Co., two sizable pieces of LTV that Ling agreed to sell in return for the Justice Department...
Limit for Freedom. The three moves were quite a change from Washington's earlier attempts to nibble at the problem by reducing tourists, duty-free imports and inducing allies to prepay their postwar debts. As the U.S. Treasury reported that U.S. gold stocks have dropped $100 million so far this month, to a 24-year low of $15.6 billion, a top economic adviser to President Kennedy conceded that "our old program had become an obvious failure." Washington hopes that its new program will cut the U.S. balance-of-payments deficit-which rose to an annual rate of $3.2 billion...
...sort of icebreaking present to the Kennedy Administration, the West German Foreign Ministry announced, on the day Adenauer departed for Washington, a plan to prepay $587 million of West Germany's postwar debt to the U.S., not due until the 19803, thus easing the U.S.'s balance-of-payments deficit...