Word: repayed
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Dates: during 1970-1979
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...account for as much as $50,-000. SIPC would be empowered to raise an initial fund of $75 million, and eventually $150 million, from brokers. In a pinch, it could also borrow up to $1 billion from the Treasury to pay off customers of insolvent brokers; it would repay the loans by assessing solvent brokers...
...bomber experience, the Administration lifted the threat of layoffs hanging over thousands of Southern California aerospace workers in an election year. Now Wall Street brokerage firms are asking Washington for a line of credit of about $1 billion in order to protect customers. The fund could be used to repay money owed to investors in case more firms fail because of rising costs, falling income, inefficient operations and losses suffered in the long bear market...
...money squeeze; their executives simply did not believe that the Federal Reserve would hold down the growth of money supply as long and drastically as it did. Thus they saddled themselves with a debt that must be periodically refinanced. And now a profit pinch limits their ability to repay...
Balky Judge. LTV must repay $55 million in interest to its banks next January and an equal amount next July; a primary problem of the new board is meeting those installments. Last week LTV announced that it expected to prepay up to $47 million of the debt "in the near future." The money will come from the sale of Wilson Sporting Goods, which was disposed of in February. Discussions have also been going on with several possible purchasers of Braniff Airways and Okonite Co., two sizable pieces of LTV that Ling agreed to sell in return for the Justice Department...
Decreasing the margin on stock purchases was unsound economic policy. If stock purchased on margin goes down and the investor can't repay his broker, the broker sells the stock at the lower price to get what is owed him, plus interest. This selling off of margined stock can further depress an already bearish market and has done so for a matter of hours several times during...