Word: refundable
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Dates: during 1960-1969
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Harvard Cooperative Society members can pick up their annual patronage refund checks today, but this time the checks may seem a bit lighter than usual. The Coop cut its yearly refund rates by two per cent for this year, reducing the cash rate from ten per cent to eight per cent, and the credit rate from eight per cent to six per cent...
...million, construction has slowed to a near standstill at six-year-old El Dorado Hills, a 10,000-acre new town 25 miles east of Sacramento. Ross Cortese, one of the nation's foremost developers of self-contained retirement villages, was forced to suspend sales and refund some down payments recently at four of his "Leisure World" communities in Maryland, New Jersey and California. To reduce his heavy land-carrying costs, he is also trying to sell the developments. Despite brisk business (1,000 houses and 600 rental units in five years), Joppatowne, Md., a 1,400-acre community...
Morrill doubted if the Coop's refund rate would return to the old ten-eight figure during the Coop's "reconstruction period." He listed the Coop's year-old text book annex on Palmer St. and the new Medical School Coop, scheduled for completion next year, as expense burdens which helped force the lower refund rates...
...past, the Coop was able to maintain the ten-eight refund rate despite rises in expenses by drawing from its yearly surplus in dealings with non-members, Morrill said. (Non-members account for about 20 per cent of yearly business.) But tax laws passed in 1962 no longer allow that, the general manager explained...
...learn to read quite as fast as George (and then again you might!), but the nationally known Reading Dynamics Institute guarantees that you'll at least triple your reading efficiency with good comprehension--or receive a full tuition refund...