Word: overdraw
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Dates: during 1980-1989
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...Eisenhower fired his chief of staff, Sherman Adams, for giving Government favors to an industrialist and taking a vicuña coat and an Oriental rug from him. Jimmy Carter defended his Budget Director and crony, Bert Lance, until Lance quit under charges that he had permitted relatives to overdraw their accounts in a bank he had headed. And then, of course, there were Richard Nixon's Watergate transgressions...
...also stuck with a commitment that could cost some $4 billion more by 1988. Israel's banks offer financial services that range from making loans to acting as stockbrokers. They are now retrenching to cut their losses. One tough move was aimed at the many depositors who habitually overdraw their bank accounts between monthly paychecks. The banks have begun charging stiff monthly rates of up to 16.25% for overdraft privileges, compared with some 13% in December. Other steps have included stricter credit-card policies and a 20% increase in fees and commissions on most transactions...