Word: repayed
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Dates: during 1970-1979
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...money remains highly sensitive to supply and demand. Banks are flooded with funds because the Federal Reserve Board has been expanding the money supply, but few companies want to borrow while business remains slow. Instead, corporations are floating long-term bond issues in order to raise funds to repay short-term loans that carry last year's steep rates. This month's offerings are expected to set a new record of $4.6 billion, topping the previous peak of $3 billion last May. Company treasurers are eager to stretch out the maturity of their debts so that they will...
That the moral obligation to repay the university is stronger than any legal bond. "It would be foolish," Peterson said, "to throw away three million in alumni gifts for two million in tuition...
Peterson discussed Harvard's plans on Sunday in light of reports that Govenor John J. Gilligan of Ohio will introduce later this week legislation which would create a new form of deferred tuition that would require virtually all the students in the Ohio public university system to repay eventually the cost of their education...
...fund for that purpose with an unusual feature that absolves unsuccessful prospectors of any risk. If a project such as drilling for oil turns out to be a flop, the government will simply write off the loan as a loss. If it is a success, the private developers will repay the money that they borrowed for the venture at a high interest rate to replenish the fund. No less an effort, and probably a far larger investment, will be needed if Japan's economy is to triple in size by 1980, as the government plans...
...Duke plan, which would allow a limited number of students to defer payment on up to $1500 of their tuition and repay the university over a period of 30 years, follows in outline the Yale proposal...