Word: refundability
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...original grant in 1925 and interest to accrue on that grant until 1945. For the reasons stated in their preamble, the veterans' leaders demanded: 1) immediate payment of the full 1945 value of each certificate, less only the amount the holder had borrowed on it; 2) a refund of interest paid on such borrowings or cancellation of interest accrued and unpaid. As their new and crowning stroke, the Bonuseers proposed to pile unearned interest on unearned interest by directing that any veteran who had not chosen to cash in his certificate for its 1945 value by April...
...comes off to Joe Louis the dark skinned fighter who ordered his mother to refund to Detroit welfare authorities $269 received during 1927-28 (TIME, Nov. 4). For cheating while on relief and living in ease on others who work you've got to be white...
...least active group of clients either because they do not know of the existance of the service or because they do not feel as naturally pugnacious toward the people who run into the sides of their cars or the laundry which loses part of their clothing and refuses to refund the cost...
...until last week, however, did any corporation take advantage of the new form. Then Swift & Co. registered $43,000,000 of bonds to refund outstanding securities at lower interest rates. The new Swift bonds will carry a 3¼% coupon, probably the lowest rate for an industrial bond issue since before the War when General Electric sold an issue of 3½s. When Swift officials reported that the 50-page registration was no more troublesome than an oldtime prospectus, Chairman Kennedy, happy as only a Boston Irishman can be, exulted: "This issue is very good evidence that at least...
...generally honors its equipment trust issues so that it will not lose its rolling stock.* So deep in receivership is Seaboard Air Line (mileage: 4,309) that last week it submitted to the courts a reorganization plan not only to adjust the interest on underlying bonds, not only to refund equipment trust maturities, but even to refinance receivers' certificates, which take precedence over every other outstanding security...