Word: repay
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...loans, were dropping fast. The price of Midwestern acreage fell 15% last year and is expected to decline an additional 8% this year. Notes George Irwin, chief economist for the Farm Credit Administration: "The security supporting farmers' loans is disappearing at the same time as the income to repay those loans...
...booklet titled Bitter Harvest, and are selling copies for $8 each (sample verse: "But hope won't clothe your children/ It can't their hunger salve/ It will not pay the mortgage/ And hope is all we have"). Proceeds from the sales will be used to repay the Hirsts' IOUs, and each purchaser will receive a ticket for a drawing to be held on July 4. The person with the winning number gets the farm...
...just months on the job, and the FDIC injected $7 billion into the bank. In return for its financial support, the FDIC received the right to acquire full ownership of the bank from stockholders at a fraction of a penny per share if the bank should be unable to repay its loans, and the right to replace the bank's management at any stage of its supposed recovery...
...firm that held subcontracts on large Schiavone projects. The firm was owned by Louis Nargi, who had made the mistake of borrowing some $350,000 from Masselli and from one of the mobster's associates, Louis Cirillo, now in prison on a narcotics conviction. When Nargi failed to repay the money on time, Masselli, who had no construction experience, appropriated Nargi's equipment, hired his workers and muscled the owner aside. This was protested by Salvatore ("Sally Blind") Frascone, a soldier in the rival Bonanno Mob family and an in-law of Nargi's wife...
Combining a determination to help educate public servants with a desire to repay his adopted country Robert A. Belfer donated his name and more than a $1 million to the Kennedy School of Government for the new Belfer Center for Public Management...