Word: repossessable
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...full tuition price at the beginning of each term. Tuition Plan sends the parent a monthly bill (adding 4% for its services), collects the money in eight installments. Chief difference between Tuition Plan and an automobile credit company: if the customer fails to pay, the credit company can repossess his car, but Tuition Plan cannot foreclose on the child...
...sale of taxicabs is the hardest to make a go of. General Motors tried it for a while (through its subsidiary Yellow Truck & Coach), found that it had to operate taxis to be sure of a market in Manhattan, finally began withdrawing in 1934 after it had to repossess two big fleets at a loss of $1,000,000. Next year it sold its Manhattan operating company (Terminal) at another $733,000 loss. Soon Checker Cab Manufacturing Co. was left the only important manufacturer in the field. But even Checker, with a virtual monopoly on production, had dizzy ups & downs...
Clothes are difficult to repossess. But most "kredit klothiers" plan no stricter rules for young men. On the contrary, at least three Manhattan, one Chicago, two Atlanta stores last week announced new "money back" offers to all military-age men buying now, later drafted...
...Purchasing Corp. of Detroit to buy a 1936-model Dodge for $500 in installments. When he lost his job last December he went home to Cattaraugus Reservation, taking with him his car, on which he still owed $296. Receiving no more payments from him, the credit company sought to repossess...
...that Belgium and Portugal should be forced to yield their long held rich Congo and Angola to a chartered company in which they would be "partners" with Germany, which would own the controlling interest. Hitler, in return for the above concessions, would bind Germany never to attempt to repossess the more valuable once-German colonies now held as mandates by the United Kingdom, France, the Dominions, and Japan...