Word: short-term
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...land-office business, expected to double to $70 billion this year (see chart). They are thus gaining rapidly on another method of borrowing against the American home, standard second mortgages, which are likely to be worth $130 billion in 1987. The conventional second mortgage tends to be a short-term, fixed-payment plan for a set amount, based on the value of a home that remains after deducting its first mortgage. But home-equity loans are different: they allow owners to put up their homes as collateral to open variable-rate, revolving-credit accounts good...
...operations that violate every moral standard we profess. Yet all of these tactics have become all too familiar in the conduct of foreign policy. While international relations and human relations are not the same, it is surely time to ask whether we have not become too impressed with the short-term gains to be derived from these questionable methods and too insensitive to the damage they do to the credibility and trust we will need in order to work more effectively with other nations...
...major issue. Somewhat unfairly, Gephardt linked Hart with Ronald Reagan: "Frankly, I'm disturbed that the front runner in our party echoes the President and offers nothing new on trade." (Reagan took a slap at Gephardt on Saturday, saying protectionists in Congress "would risk America's prosperity for short-term appeal...
...first important loan customers to kiss the banks goodbye were blue- chip corporate borrowers; in the mid-1960s they began issuing short-term debt securities called commercial paper. While corporations have always relied on securities like bonds for long-term debt, commercial paper took the place of short-term bank borrowing. Commercial paper, which is sold by investment banks to big investors, has become a $190 billion industry...
WASHINGTON--Japanese Prime Minister Yasuhiro Nakasone told President Reagan yesterday that he had ordered the Bank of Japan to lower short-term interest rates to spur Japanese economic growth, Reagan's spokesman said...