Word: refundable
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Dates: during 1960-1969
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...Coop has cut its refund rate this year by two per cent, from ten to eight per cent refund for cash purchases and from eight to six per cent for credit purchases...
Morrill said it was possible that the refund rate might be increased next year, although not back to the old ten-eight figure, if the Coop's volume continued to increase in the coming year. Last year, the Coop's volume increased from $12.1 million to $14.1, Morrill said, and if it continued to rise to $16 or $17 million, then a higher refund rate would be likely...
...from whom Meadows bought most of his paintings. "They were charming-real artists, the biggest con men ever," says Meadows wryly. But he is not taking the A.D.A.A.'s judgment as final. While another French dealer, who sold Meadows seven fakes for $100,000, has already agreed to refund the Texan's money, Meadows is insisting that French experts render a verdict on the remainder...
...second thing Webster did was to institute a policy which guaranteed full refund of tuition if the course did not triple-improve the student's reading. This is the prime factor for the popular success of Reading Dynamics. Since the day the guarantee went into effect, the driving force behind the Evelyn Wood program has been the profit motive...
Special attention must be paid to the guarantee: "Reading Dynamics will refund the tuition of any student who fails to at least triple his reading index during the course as measured by our standard testing program. This guarantee is valid so long as the student attends each lesson and maintains the requisite home drill at least one hour daily at levels specified by his instructor...