Word: repay
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That threat now seems averted for at least several years. Britain can draw upon its new funds from the Bank for International Settlements for three years, will have until 1978 to repay...
...Schenley mostly with promissory paper. For each H Schenley shares, worth about $85 in the stock market, Schenley stockholders get $13 in cash; they also get a $100 debenture that pays 6% annual interest until its 1988 maturity. Riklis can thus tap 20 years of Schenley earnings to repay most of the purchase price. Inevitably, some Schenley executives objected to Riklis' terms as a thinly camouflaged raid on Schenley's treasury. Of such people, Riklis snapped: "They are just afraid they will be fired...
Named Dark Mirage, the filly went to the post 15 times in 1967, won only two races and $19,906-barely enough to repay her purchase price and upkeep. Her first start this year as a three-year-old was equally unimpressive: she finished fourth, beaten by 7½ lengths. What has happened since beggars belief. Dark Mirage, almost certainly the smallest thoroughbred in training in the U.S., has not lost a race...
...week Lytton's empire was teetering on the edge of a financial crisis that could well lead to its founder's ouster. With $2,800,000 in debts coming due by May 1, Lytton Financial found itself with too little cash on hand or in sight to repay its creditors. The company owes $1,600,000 to the United Automobile Workers Union on a note bearing a payment date that has already been postponed from April 2 to April 25. It owes another $1,200,000 to a group of institutional investors, including Investors Stock Fund...
...example of the rates that could be used, the committee suggested that for each $3000 a student borrowed, he might be required to repay one per cent of his gross annual income for 30 years after leaving school. If a participant in the program borrowed $6000 and earned $10,000 each year after graduating, he would pay the Bank $200 a year, for a total of $6000 at the end of the period. Most students would probably pay the Bank more than they had been loaned, but anyone who earned a high salary quickly and felt that he would lose...