Word: repaying
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...have savings accounts at the bank from which they seek a loan. Still, some banks are tightening up their consumer-loan standards. In Atlanta, Trust Co. of Georgia has stopped making new revolving credit loans, the kind that enables a consumer to borrow up to a certain amount, repay part of the loan, then have the amount he has repaid become available to be borrowed again. A year ago, the bank required a car buyer to have a monthly income six times as large as the loan payments. Now his income must be eight times the payments. David A. Brooks...
...engaged in an oddball plot to haunt their old victims. They are part of an unusual experiment in Minneapolis that aims for rehabilitation through restitution. Under the program, convicts sentenced for nonviolent property crimes live in a halfway house, take jobs and use part of their earnings to repay what they stole. Says Ron Johnson, supervisor of the Minnesota Restitution Center: "It's one thing to break into a garage. It's another to have to look the owner in the eye afterward. We're building a sense of responsibility...
...couple finally agreed to agree-maybe. Japan will lend $1.05 billion to the Soviet Union so that work can begin on three major projects: mining coal in southern Yakutia, prospecting for natural gas in northern Yakutia, and harvesting timber in the Soviet Far East. The Russians will repay the loan in hard currency at 6.375% interest over the next 16 years. Four-fifths of the loan must be used by the Soviets to purchase Japanese mining and lumbering equipment. Once the projects get rolling, the Soviet Union will supply Japan with coal at prevailing world market prices and timber...
Bell said also that the center's board will approve a request for the University to provide further loans to the center, adding that new fundraising efforts will eventually enable the center to repay the $30,000 loan it currently needs...
Efforts to add six Faculty members to the board and publicize the center's activities will eventually enable Afro to repay the needed $30,000, he said...