Word: six-month
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...sharply rising value of their property in the 1970s by taking out second, third and even fourth mortgages. In one fairly typical case in San Jose, a $34,000 first mortgage was followed in quick succession by two others of $15,000 and $10,000, the latter a six-month one with an annual interest rate of 25%. The failure of the last mortgage triggered a foreclosure on the house, one of hundreds in California in recent months. The rate of delinquent home payments has also jumped in the past two months in the state. In Contra Costa County near...
...with their money. They are more careful this season." Adds Robert C. Woolley, senior vice president of Sotheby's: "The person who is interested in buying an English commode, for example, will postpone that purchase for six months so he can cash in on the high rate in six-month savings certificates...
...have NOW accounts, six-month certificates and money-market certificates. These forms of savings are good investments until the end of the tax year, when we must add the interest from them to our total earnings. It turns out that often we are being penalized for trying to save for our future years...
Outside Israel?and even inside the country?there was an immediate suspicion that the raid and its timing had more to do with Israel's June 30 national election than with impending nuclear threats from the Iraqis. The six-month campaign between Begin's ruling Likud coalition and the opposition Labor Party of Shimon Peres was one of the most strained in the country's history. Owing in part to Begin's tough stance on the Syrian missiles in Lebanon, his party had moved ahead, 38% to 33%, in a poll conducted before the raid. The Likud had trailed...
Money-Market Certificate. This six-month, Government-insured time deposit in a bank or thrift institution pays high interest (last week: 15.9%). Disadvantage: $10,000 minimum and a penalty for early withdrawal...