Word: repays
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Dates: during 1970-1979
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...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...
...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...
...RADCLIFFE Union of Students (RUS) should be applauded for its recent creation of an emergency medical fund for Radcliffe students, to be used mainly for abortion and delivery. But the RUS fund is extremely small, and students will have to repay loans...
...warrants to buy Lockheed preferred stock. Lockheed wants them to convert even more loans into stock or warrants-but is wary of issuing too many new shares that would dilute the equity of stockholders. A compromise is likely by summer: the banks would lose heavily if the inability to repay loans pushed Lockheed into bankruptcy, and Lockheed so badly needs to reduce its debt that it will probably settle for whatever terms...