Word: redeemability
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...dividends on capital stock to 8%. If it did not meet these requirements, it was still exempt on its regular income if it was paid out to members in cash or in shares simply allocated to them on the books. Such allocations do not bind the coops, which can redeem them in cash when and if they want to, even lose the money without a comeback from members. Only when a member finally gets cash is the co-op income taxable-at the personal income tax rate...
After three more or less dismal failures the varsity basketball team will make another try for its first Ivy League victory tomorrow night against Dartmouth at 8:30 p.m. in the IAB. In the second game of a home-and-home series, the Crimson will attempt to redeem itself for Wednesday's 66-53 loss to the Big Green...
...dictator Batista's regime; his vague ideas materialized into specific proposals, set down for the first time at his trial. He devoted scarcely five minutes to his own defense, which his accusers had hoped would occupy most of his time. Instead he pleaded that the judges, corrupt Batista stooges, redeem themselves by following him, Fidel Castro, in overthrowing the Batista regime. He still believes in the program he outlined at that trial in 1953; it forms the ideological basis of the Revolution...
...brand-new $299.95 models at a cost to the customer of as little as $49.95. On some models, the company is replacing the transmission free of charge, exchanging washer-dryer combinations for new, separate, 1959 washer and dryer units that are delivered and initially serviced free. The rush to redeem machines at a bargain rate has been crushing; Hotpoint has had to turn down housewives who hoped to palm off 20-year-old ringer-type washers, made by firms long out of business, for new models. To keep the machines off the used-washer market, Hotpoint dealers are stripping...
Citation: "A courageous negotiator to whom we have learned to turn to redeem situations fit for despair...