Word: liquidity
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Dates: during 1920-1920
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...less preposterous. For the sake of paying high rates on savings, commercial loans have been sought at exhorbitant rates indicative of the utmost insecurity. There seems little doubt that practices approximating extortion have been countenanced. Mismanagement and poor judgment have led to the accumulation of resources far from liquid, slow loans, worthless paper, dubious realty holdings, and notes impossible to collect...
Uncertainty as to how the summer vacation may best be spent always exists in the minds of many undergraduates until the examinations are upon us. Those who cannot afford to loaf at the seashore or seek liquid consolation in Europe or Canada are confronted with the important problem: What temporary employment is there available? A solution may be found in tutoring positions and the like, but the man who wants an open-air job, involving a not to too strenuous degree of physical labor, meets the greatest difficulty in placing himself...