Word: cashing
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Dates: during 1980-1980
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...Farming is confined to low-yielding terraces that have been carved out of the hills and planted primarily with corn. Peasant incomes are one-third of those on the wealthy Jin Ma commune; they average $44 a year, more than half of which is distributed in grain rather than cash. No one starves, but the commune members eat meat only once a week...
Current office building owners are willing sellers. They are anxious to pull their profits out of the long-depressed, but now booming, downtown real estate market in order to direct corporate cash to other projects. Pan Am, for example, wants to retire some of the $1.1 billion in long-term debt that it has built up to pay for new fuel-efficient jets. Pan Am was also looking for cash because in the first half of the year it sustained an operating loss of $108.5 million. Pan Am Chairman William Seawell doubts that the company will taxi up to profits...
Then clever moneymen discovered another loophole in the rules: give the gifts or bonuses to the depositor's friend. Gifts of cash generally have proven more popular than appliances and other goods, possibly because cash can be more easily divided...
...company seeks a piece of virtually every financial transaction a client makes. With Merrill Lynch's Cash Management Account, a customer can now use a VISA card or personal check against his investment account. As a member of its Sharebuilder Plan, he can buy fractions of a stock share, through a bank, with $10 a month or less. For the executive on the move, Merrill Lynch Relocation Management will find a new house, buy it through its network of real estate brokers, help arrange financing by an affiliated bank or savings and loan and insure the mortgage through...
...Swiss banking laws, OFCI collected from Bethlehem "commissions" amounting to $1.7 million. Most of this money was funneled back into the U.S. and into Colombia and Venezuela. It served as bribe funds to induce shipowners to use the Bethlehem yards. Federal prosecutors said that many payments were made in cash in order to avoid the creation of a "paper trail...