Word: repaying
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...keep you looking as though you have just come back from somewhere expensive; maintain an elegant address even if you have to live in the attic; patronize posh watering places even if you have to nurse your drinks. Never niggle when short of cash. "Borrow big, but always repay promptly...
...under way with France's Renault. Another likely member is Italy's Fiat, which is building a huge auto plant in Stavropol, which was renamed Togliatti in honor of the late Italian Communist leader. Daimler-Benz wants help in financing the $1.09 billion project; the Soviets will repay the loan over a long term at rates to be settled later...
...from the state of Ohio. The loans run for two years, but the state auditor ruled recently that they were illegal because the maximum term under Ohio law is 270 days. Ohio officials have asked King Resources and other companies that borrowed long-term funds to repay the loans. The scandal arises because the loans were arranged for King Resources by a financial consulting firm whose members contributed handsomely to the political campaigns of a state senator and of the state treasurer who granted the loans. Both are Republicans; so is John King. He contributed $250,000 to Richard Nixon...
...though it was not anticipated he would step down so soon. His departure was hastened when the board of the First National Bank in Dallas, of which he is chairman, became nervous that his association with troubled LTV could damage the bank. During his short tenure, Stewart managed to repay $35 million of LTV's $110 million short-term debt and renew all of its subsidiaries' lines of bank credit. To accomplish that, he had to assure LTV's bankers that Ling was no longer in control of the company. Last week the company made...
...Central's liquidity crisis that forced the railroad to declare insolvency. In his petition to the court, Chairman Paul Gorman said that the line was "virtually without cash, unable to meet its debts, [and] has no means of borrowing." The petition declared only that the company could not repay $9,795,000 in commercial notes and $21,900,000 in debt and rental charges on its equipment, all due by July 1. But that is a minuscule part of the railroad's financial woes...