Word: repayed
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Dates: during 1970-1979
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...belated Government aid and militant pressure. The Small Business Administration rejected his first application for a loan to buy a McDonald's hamburger franchise near a Negro area of affluent Shaker Heights, a Cleveland suburb, because officers thought the location he wanted would not produce enough income to repay the loan. They did not realize, says a Cleveland Negro leader, that to blacks "the hamburger stand is breakfast, lunch and dinner-they don't just buy hamburgers as a snack as many whites...
...taxpayer brashly claimed a bad-debt deduction because a foreign company had failed to repay a loan; in reality he owned the company, and the "loan" was a payment to himself from a secret foreign account...
...gain control of UMC Industries, a St. Louis defense contracting firm. Had the deal been arranged through an American bank, it would have violated SEC margin requirements. Guthrie asserts-and he has not been disputed-that margin requirements do not apply to foreign banks. Liquidonics was unable to repay the $40 million, so the Swiss bank took over its stock and gave it to a subsidiary. The new chairman of UMC Industries: Randolph H. Guthrie...
...acre farm, the co-op will devote most of the land to production of cash crops-cotton and soybeans-which will provide jobs for black workers and earn incomes to repay the farm's $250,000 total purchase price...