Word: repay
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This means that if the South African government is pressed for cash, Manufacturers Hanover will obligingly give them all the time they need to repay their loans. Surely the bank could insist that the government repay on schedule--the government would not dare default. Yet Manufacturers Hanover, rather than putting pressure on the apartheid regime by withholding loans, helps that regime out of a tight spot--a role that U.S. banks have played for far too long in South Africa. The University claims to oppose such behavior by banks--yet now we find members of the Corporation trying to justify...
...Eschel Rhoodie's incessant efforts to meddle in its affairs. In February, the department helped arrange a sale of Luyt's interest in the Citizen to businessmen including Dallas Lawyer David A. Witts and Beurt SerVaas, chairman of the Curtis Publishing Co. Luyt has yet to repay the loan or $3.3 million in interest...
...federal investigators would not disclose how much money Estes made from the arrangement, but his partners have been ordered by a state court to repay $600,000 to the leasing companies. Said an investigator in the Texas attorney general's office: "The overall scheme bears a striking resemblance to the old fertilizer tanks. That was the first thing that caught...
...capacity as chairman of the Senate subcommittee on education, arts, and humanities, took testimony at Boston University on the Tuition Advance Fund (TAF) bill, which he is co-sponsoring. The plan calls for federal student loans up to $15,000 for undergraduate education; after graduation, participants would repay 150 per cent of the loan through a salary withholding plan at an annual rate of 2 per cent through their working careers...
...negotiated a five-year loan in Swiss francs, on terms that appeared to be favorable. But by 1976, the dollar had plunged so much against the franc that Hercules had to shell out twice as many dollars as it had bargained for to meet the 7% interest and repay the principal (both denominated in Swiss francs). Ever since, says Peter Petersen, Hercules' European money manager, Hercules has been forced to play the currency-trading game to limit its risk...