Word: repaid
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Dates: during 1980-1989
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Last month Sotheby's $27 million loan to Bond, which up to then had been a closely guarded secret, was disclosed by Bond's own company. How much has been repaid? Sotheby's won't say; a spokesman for Dallhold soothingly announced that "all is in order" and only "10% to 25% of the picture price" (between $5.4 million and $13 million) remained to be paid. The balance would be satisfied by the sale of Bond's Manet, La Promenade, at Sotheby's last week...
...judgment. Fact: Nixon was so habitual a deceiver that in 1962, 48 hours after saying defeat would at least restore his family life, he left for the Bahamas without his wife and daughters. Fact: during 1968 he artfully cultivated Lyndon Johnson's goodwill for his own benefit and later repaid his predecessor with small kindnesses. Fact: Viet Nam and other realities he inherited on Inauguration Day forced him to choke his own genuine hawkishness and preside over the retreat of American power...
...leveraged buyouts place enormous strains on even the largest corporations. While all debt-laden acquisitions are risky, LBOs replace the stock on corporate balance sheets with loans that must be repaid, leaving executives with little room for error. "Running an LBO is different from running other companies," says Wilbur Ross, a senior managing director of Rothschild Inc., a New York City investment firm. "The reaction time at LBO companies has got to be a lot quicker, because they must generate cash fast enough to beat those interest-payment deadlines...
...Monetary Fund, as well as at the economic summit in Paris last week, the plan calls for "reducing" -- in fact, forgiving -- some principal and interest, thus freeing borrowers' resources for growth. The banks end up holding IOUs that have a lower face value but a higher chance of being repaid. The increased prospect of the debtor nations' economic and political stability becomes reassuring collateral...
...TIME TO CLENCH FISTS, ordered La Prensa's office bombed by an airplane and shelled by an armored vehicle, the Chamorros lent the Sandinistas $50,000. Dona Violeta believes the money was used to fund the assault on the National Palace in August 1978. The loan was never repaid...