Word: unspent
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Dates: during 1970-1979
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...newcomers are prepared to sell checks without a fee, lies in the "float"-all that money from checks that have been bought but not yet cashed. The check issuer has free use of the funds. Thus American Express's pitchman, Karl Maiden, urges returning vacationers to keep their unspent checks in their pockets as "emergency money"-and his campaign is working nicely. Although no firm returns are in yet on the Maiden campaign, American Express studies indicate that people already keep approximately $1 billion in cash stashed away for rainy days. If consumers could be persuaded to convert that...
...employed by the savior of his choice. Christian swords and Marxist sickles drew the blood of a common enemy. For many, the war was good for the soul. In a U.S. economically galvanized by the conflict, it was good for the stomach as well. Unemployment vanished, and the unspent wages of war work compressed like a powerful spring. The economy suddenly began to look like a jack-in-the-box poised for peace. When it came, the future sprang up in vistas of well-lighted suburbs and grinning grillwork...
Alan E. Heimert '49, master of Eliot House, said House might be allowed to hold the unspent funds in their House course budget so they could spend a large sum for an exceptional but costly course every few years...
...University is penalized for unspent funds in the appropriation it receives for the following year, and is therefore especially attentive to early distribution of funds...
Meanwhile, the IRS is unhappy about the unspent cash that is piling up in the fund's accounts. Although the fund disbursed $134,163 in scholarship aid last year, its income from investments totaled $325,000. The IRS requires all tax-exempt foundations to pay out at least 5.5% of their net asset value each year in the form of charitable contributions...