Word: repay
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...case, no hearings are needed to document the banking sys tem's difficulties. That is being done by the earnings reports of the banks themselves. These make clear that the banks are suffering a financial hangover from the recession, which left many borrowers unable to repay their debts, and also from the banks' own past vigorous push to make loans, some of which were questionable in the first place...
...lingering effects of recession, the spot market price for tanker charters has plummeted, and construction of new tankers has all but ceased. If the loans go bad, the banks will be left to dispose of vessels that probably will not bring nearly a high enough price to repay the loans. Finally, bank holdings of municipal notes and securities, especially those of New York City, have fallen sharply in market value...
Added Cost. Regular North Atlantic flights might help the Franco-British team to sell its planes. But they are unlikely to generate enough orders to repay the huge investment in the Concorde. A leading British aerospace writer estimates that 130 must be sold before the two countries can make back their development costs. A major reason for the dim sales prospects is the Concorde's operating cost. The plane seats a maximum of 140 passengers (v. an average of 370 in the 747) and burns two to three times as much fuel per seat mile as subsonic planes...
Lucrative as such deals are, they have pitfalls, which not all packagers explain to their clients. If the movie is a disaster and the partnership cannot repay its bank loan, then part of the tax deductions go to the bank rather than the investors-who will be billed for back taxes, plus interest. Oddly enough, if the movie is a gargantuan hit that brings in profits for years, the investor may be even worse off. Since he has taken most of his tax write-offs in the first year or two, his share of the profits in later years will...
...raise did, as expected, produce a surplus, so next year's board raise will be $50. The loan from the Montague Fund, by the way, will take seven years--at $100,000 a year--to repay...