Word: repayable
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...Little Lin has heard from friends in England that it will take about three years to repay the snakehead's fee, but hopes he'll be able to work off the debt more quickly. Then perhaps he and his brother will start a chain of restaurants together. It doesn't matter that Little Lin doesn't know how to cook. English people, his brother has told him, aren't too particular about what they eat. "Maybe when I return, I'll own three restaurants," he says. "Then my family will be proud of me, just like...
...This reimbursement can take months, simply because the team lacks the money to repay its officers. And after a brief perusal of the grants listed in the Student Organizations Handbook, it becomes clear that groups that fall outside of the particular arenas of women’s issues, public service, race relations, the arts, and politics rarely qualify for assistance from the University, forcing these groups to bear the financial troubles on their...
...that prison course in remedial economics after all. He was indicted a short time ago for securities fraud at an auto-parts manufacturer that he controlled. According to prosecutors, Stockman lied to banks about the firm's financial condition, inducing them to loan the company money it couldn't repay. He engaged in "round trip" transactions that involved masking loans - which were supposed to be repaid - as income. He exaggerated the manufacturer's prospects, knowing his claims were untrue, which led people to buy company securities that quickly became worthless. The firm filed for bankruptcy five days after Stockman...
...earning his Ph.D. in the U.S., Muhammad Yunus was teaching economics at Bangladesh's Chittagong University. When a deadly famine struck the country, Yunus, eager to lend a helping hand, paid off the money owed to loan sharks by a group of impoverished villagers struggling to survive; they should repay him, he said, "when they could." Eventually they did, but that was not the most significant aspect of the episode. While the total sum was only about $27, that a stranger would trust them with his cash gave the villagers an appreciation of their own self-worth. Today, that tiny...
...Australian Defence Force Academy, calls "kicking the foreigner in the shin and demanding compensation." In a recent instance, Dutch bank ABN AMRO was accused by authorities of illegal foreign-exchange trades with state-owned Incombank, costing the latter $5.4 million. The Vietnamese bank is demanding that ABN AMRO repay the losses?even though they were incurred by an Incombank employee. ABN AMRO says it has done nothing wrong. Incombank won't comment, and Vietnamese authorities haven't said exactly which banking regulations have been broken. But what has sent a chill through the foreign investment community is that local Hanoi...