Word: repay
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...auto loan and $50 a month on department-store charge accounts. Conclusion: he would pay anything from 1% to 22% effective annual interest on his vacation loan if he turned to legitimate creditors, 55% for ten weeks if he sought out a Las Vegas loan shark (borrow $2,000, repay $3,100-or else...
...lately it has hit a longer-than-usual losing streak. Beset by both bad luck and bad judgment, A.M.C. lost $73.8 million in its past two fiscal years. Its own accountants warned that the company's ability to stay in business depended partly on whether it could repay or extend bank loans that fell due in early 1977. By the time Chairman Roy Chapin Jr. faced stockholders at the annual meeting last week, that crisis had passed. Chapin told the group that A.M.C. could break even in fiscal 1977. But all auto-industry forecasts may have to be revised...
Publishing was once the last refuge of politesse. Take the matter of advances, for example-those cash payments against future royalties. Seldom was a tardy writer pressed to repay; the image of a company bearing down on a lonely writer was too distasteful for bookmen to contemplate...
Such tactics are not always necessary. In 1973 conscience-stricken Commentary Editor Norman Podhoretz sold his beloved country home to repay $17,500 owed Simon & Schuster for an unwritten tome on the 1960s. Nora Ephron (Crazy Salad) has paid the last of $14,000 she owed Viking for a never-written history of the liquor industry...
...prince also held an interest. The police said that an insurance policy on De Broglie's life, taken out when the restaurant loan was granted, contained a clause providing that in the event of the prince's death, his partners were released from their obligation to repay the loan. De Varga decided to take deliberate advantage of those terms, said police. He asked a Paris police inspector named Guy Simoné, who also owed money to De Broglie, to organize the job. Simoné in turn recruited the actual hit man, Gérard...