Word: riskless
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...This is true because no test can be devised to measure the potentialities of promise in any human being of 17 years. It would have been so easy this year to have admitted and apparently riskless class all from expensive and excellent private schools, all from families of abundant means who would not have called upon our scholarship resources, and all with the 'rough edges of manners' polished off. But such a policy would have betrayed our trust and would have weakened the restless vitality which characterizes any great institution of learning...
Arms controls, Chayes emphasized, "does not necessarily mean total disarmament, at least in its early stages." At the time, he attacked the idea that he present arms race is "riskless." "What we need," he said, "is the least risky combination of weapons and controls...
...from 4½% to 5% (TIME, Sept. 14), the interest spread rose to 1½%. Moreover, for several weeks the old discount rate was actually below the going market rate on U.S. Treasury bills, creating an opportunity for banks to borrow from the Fed and make a neat and riskless profit by investing in Government securities...
...investment banking houses be sold to the RFC. As the capital markets opened up, "the Government could gradually withdraw from much of the banking it is now doing, and security underwriters could retire stock held by the RFC. . . . The time will come again when the emphasis is shifted from riskless refundings to creative finance...
...ciphering. "Other" (i. e. not bank) loans to brokers were a major factor in the pre-crash credit inflation. Often known as "bootleg loans," they were beyond the reach of Federal Reserve control. Call loans are payable on demand, are secured largely by active listed stocks, are practically riskless. During 1929 the interest rate on call loans ranged between 5% and 20%. No good corporation treasurer could overlook that opportunity to use his idle funds. But the peak of all loans to all members of the New York Stock Exchange was $8,500,000,000-just one-half the figure...