Word: refund
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Dates: during 1980-1989
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Such a megabuck scale is foreign to the most colorful of the can pickers, the loners who scrounge through garbage cans around picnic grounds, sports arenas and office buildings. They turn in empties for a refund, usually a nickel a can, in the nine states that have bottle and can deposit laws. In other areas they can sell their refuse for 28 cents to 40 cents...
...passed since the Consumer Product Safety Commission declared that all-terrain vehicles -- off-road buggies with three big wheels -- "pose an imminent and unreasonable risk of death or severe personal injury." The commission asked the Justice Department to require extensive warnings and free training for ATV owners and a refund program for those wishing to return their vehicles, but the department has yet to file its case. Last week a House committee called the department's delay "baffling and unconscionable...
...Mortgage Association, the former Government agency that is now privately owned and known as Fannie Mae. In April 1986 the IRS declared that Fannie Mae had taken improper deductions and owed some $200 million in back taxes and interest. Fannie Mae paid up, but is suing to get a refund...
While Fannie Mae is fighting for a refund, the implications go far beyond that one organization. If it loses the case, dozens of savings and loan associations -- some of them financially troubled -- will also owe millions of dollars in back taxes...
...course, like any investment in insurance, life care may or may not pay off financially. If residents die within a short time without receiving much nursing care, they do not get full value from their entry fees. Because of this potential unfairness, many communities offer at least partial refunds to the families of the deceased. At North Hill, an upscale community in Needham, Mass., entry fees start at an unusually high $102,000 for a studio and run up to $251,000 for a three-bedroom apartment. But members or their heirs receive a 90% refund of the payment upon...