Word: discount
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...question to ask your broker these days is not which stock to buy, but how much it will cost to make the trade. Across America discount brokers are slashing commissions in an all-out fight to grab new customers...
...from AIG on its lowest quality bonds for 90 cents on the dollar, or for 10% less than what AIG had originally promised to pay. About 30% of the $16.4 billion in CDS contracts that SocGen had bought from AIG were on bonds rated BBB or worse. A 10% discount on those contracts would have saved AIG $475 million...
...favorite smoothie spot this trip. As a rower on the women’s crew team, I went in to order a “milkberry” smoothie last Friday, only to be surprised when the girl behind the counter told me she was giving rowers a special discount because they brought so much business...
Pawnshop companies make money by giving short-term loans to customers who offer jewelry, electronics, tools, musical instruments and other merchandise as collateral or by purchasing merchandise outright from customers at a steep discount. Loan terms are typically one to three months in length, with customers expected to cough up monthly storage and loan-servicing fees of 10% to 20% a month. If a customer fails to make a monthly payment, the pawnshop, following a grace period, can sell the item. (See the five big questions about retirement...
...stores accept coupons? They don't. There are some no-frills discount stores that do not accept coupons. A couple of wholesale clubs do not accept manufacturers' coupons, but they have their own store coupons. 95% of stores accept coupons...