Word: terme
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...bounced check. After overdrawing an account at one bank, a person or institution pays the overdraft by writing another check, which overdraws an account on another bank. With some quick moves, it is possible to stay just ahead of the bankers and in effect obtain an interest-free, short-term loan...
...checks from other Hutton branches. In addition, 83 Hutton offices were involved in multiple transfers that moved money among a series of banks on its way between Hutton offices. As much as $10 billion was involved over a 20-month period starting in July 1980, during which time short-term interest rates rose to more than 20%. Thus the practices provided E.F. Hutton with interest-free loans of as much as $250 million...
Mather House Senior Tutor Terry Shaller, a former expos instructor and author of the test, said a computer analyses revealed a strong correlation between low test scores and low grades in expos during the fall term...
...term junk bonds conjures up an image of useless certificates sitting in a pile in someone's garage. Nonetheless, junk bonds, which originally were issued mostly by companies in financial trouble, have taken on a slick new role as a money-raising device for corporate-takeover artists and entrepreneurial companies. The amount of junk-bond issues has grown from $3 billion in 1982 to $14.3 billion last year...
...fire fighter described the scene as "Dantesque." The term was an apt one for the inferno that engulfed 410 patients in a six-story mental hospital in suburban Buenos Aires late last week. Said one witness: "Some patients leaped out of the windows, and we could hear them screaming. You could hear explosions as windows shattered." As choking, disoriented inmates fled into the streets, a nurse, wrapped in a mattress cover, reportedly jumped to her death from the top of the building. Federal police sources put the death toll at 79, but it could go higher. It was estimated that...