Word: rental
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Dates: during 1950-1959
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...capital or dilute its lines of credit, it is dickering for a lease. National Equipment plans to borrow the money from institutional investors, buy the planes and lease them. National Equipment's client will rent each plane for eight years, and pay off the full purchase price in rental installments. The lessee will also pay interest on the loans and a fee (usually ¼% to 2%, although some go as high as 6%) to the leasing company. Says National Equipment President R. L. Boothman: "We engineer the lease, we own the property, and we depreciate the property. Leasing...
...negotiating to rent two four-engined planes, worth $4,500,000, through Commercial-Pacific Corp. In Pittsburgh a shipper was dickering with National Equipment Leasing Corp. to rent a 15-tanker fleet costing $126 million. On land, sea and air there is a nationwide boom in equipment leasing, and rental companies are sprouting across the U.S. to supply everything from oil barges to a fleet of diesel engines, a complete rolling mill or a city power plant...
Cars & Planes. The rental rush started with car leasing. Almost overnight, 2,000 companies grew up to rent cars and trucks, and fees now total $350 million a year. Soon these firms were leasing a wide range of light and heavy gear. Rollins Leasing Corp., for example, now has wine presses, printing presses and hundreds of other items on lease in 47 states and Canada. In the past year alone Rollins has fattened earnings...
...University's stand was justified by those who had found apartments. One GSAS student said that all the tenants had been "spoiled by living at such low rental just a block and one-half from Harvard. There are blocks of apartments if you want to look," he added...
...Dudley men in Wigglesworth next year will pay the regular resident student rental rates for their rooms, but will not be enrolled in the University board plan. They may take their meals at home, says Whitlock, or may buy them at Dudley or one of the other college dining halls...