Word: repayment
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...Local schools may suffer, since they rely heavily on cattle head taxes for income. Numerous banks may be hurt, particularly those that lend almost exclusively on cash crops and cattle. Many banks have also extended car, machinery and disaster loans to farmers who now have little cash to repay them. The light industry that is gradually moving into South Dakota may provide some new sources of revenue, but in two-thirds of the state's counties, agriculture still accounts for more than 50% of total income...
...There are other incentives to budget wisely. Under the law, campaigners who spend too much must repay the Treasury, and if the overspending is found to be intentional, they could go to jail for a year and be fined...
Kelley last week gave the bureau a check for $335 to cover the valances and said he would gladly repay his aides for the gifts if any federal regulations have been violated. Levi has not said what he will do about his flowers, which presumably have wilted...
...that, some Western financiers in recent weeks have begun to express discreet concern about Comecon's mounting pile of debt. The Basel-based Bank for International Settlements has noted that the ratio of debts to exports -which determines a country's ability to repay loans-has reached a high level in some Communist countries. Bank of America, Citibank, Chase Manhattan and Manufacturers Hanover all conspicuously took no part in a recent $250 million loan to the Soviet Union's Foreign Trade Bank. Some Western banks are also trying to raise interest rates charged to Communist borrowers. They...
Corporate treasurers, indeed, are actively trying to avoid borrowing from banks; they remember too vividly the pain of 12% interest rates. Instead, companies are using their higher profits to repay past debt and in some cases pile up huge reserves of Treasury bills and other securities that can quickly be turned into cash. The idea: when the company needs money, it can sell the securities rather than borrow. Even when they do borrow, companies are shying away from banks and either selling commercial paper (a kind of IOU) at rates below the bank prime or tapping the bond market...