Word: refundability
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...Treasury last week successfully completed the second largest refunding operation in history.* To refund $17.3 billions in Government securities due this month. Treasury Secretary George Humphrey had prepared both short-and medium-term (8 years and 8 months) 2½% securities, to appeal to private banks that dislike tying up money over long periods...
...pocket cost to Richmond would be only $5,256,215. By selling the mill for $1,500,000 to Republic, and selling Follansbee's inventories for another $3,090,000, Richmond would reduce his net outlay to a mere $666,215. Richmond would also receive a tax refund of $970,000 due to Follansbee for 1952-53 losses, giving him a cash profit of $303,785 on the series of transactions. And he would still own the balance of Follansbee's properties, including the Federal Stamping & Enameling Division, which has a book value...
...with a cancelled check he will have his won receipt. Any student who does not receive an extra ticket after paying with a check, can re-apply for a second ticket with another check. If two cancelled checks appear for the same game, he can justifiably claim a refund--and an apology...
...Treasury, which last summer loosened the purse strings of its tight-money policy, last week let them out a little more. In announcing two new security issues to raise $2 billion in new money and refund $7.2 billion of maturing securities, it set the lowest interest rates in several years. And instead of a longer-term bond issue, the Treasury resorted to shorter-term notes for fear of siphoning off long-term investment money needed by industry as well as state and local governments. The issues:
...soap, so please refund the fees...