Word: repaid
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Banco Ambrosiano, about 200 of the bank's European creditors gathered in London last week to salvage what they could of the loans taken out by the bank. Half of the $1.2 billion to $1.4 billion has been guaranteed by seven Italian banks, and will apparently be repaid. The other half, though, is owed to creditors by Ambrosiano's subsidiaries in Nassau and Luxembourg. But the Luxembourg affiliate has been declared in default, and operations by the Bahamian subsidiary have been suspended by banking authorities in that country. Italian government officials and foreign creditors are arguing that...
...must make it clear that debts owed to the Federal Government must be repaid. It is not right that responsible, honest citizens should suffer because of those who do not honor their obligations." So said President Reagan last year, announcing a Government crackdown on its debtors. One obvious place to start: the Small Business Administration, where more than 10% of 150,000 loans are currently overdue. As it turns out, one of the SBA'S heftier overdue loans belongs to Gerald P. Carmen, 51, head of the General Services Administration. Carmen, who has been complaining about a lack...
...received $146,300 in salary and bonuses from the company, $94,940 in consulting fees, and $100,000 in dividends from more than $250,000 worth of Schiavone stock. Donovan also received two short-term, interest-free loans from Schiavone totaling more than $65,000. One was repaid in four days, the other in six weeks...
...reduction in benefits, argue for using income tax and other revenues to make any payments that cannot be financed by the payroll tax. Former Social Security Commissioner Robert M. Ball contends that the system could get through the '80s with relatively small "borrowings," which could be repaid, with interest, out of the reserves that the pension fund will again begin to accumulate...
Though Washington understandably wants its loans repaid, none of the U.S.'s 14 multinational banks that have lent funds to Rumania is anxious to see the country declared in default. Rumania's repayment record has been steadily deteriorating in recent years, but default could serve mainly to drive Rumania closer to Moscow, diluting Ceau§escu's longtime role as an independent voice in East bloc foreign affairs. For now, about all Washington can do is refuse new credits, and that it has done. As a way of keeping up pressure for payments of existing debt, Ronald...