Word: payment
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From the consumer's point of view, a money-market fund is not much different from a checking account. In most cases people can write checks for the monthly mortgage payment or for college tuition against an account, though some funds require that checks be written for a minimum of $500. The great attraction, of course, is the high interest, which last week averaged about 16%. Says Houston Attorney Clarence West: "My money-market fund pays three times as much as a savings account would, and I can get my money out with no penalty." Adds Anne Chambers...
...beyond automatic tellers. This month a hundred Citibank customers in the New York City borough of Queens will give up their checkbooks in favor of small computer terminals installed by the bank in their homes. These desktop devices will enable customers to electronically pay their bills or rent, stop payment on a previously paid bill, take out a loan, open a new savings account or check on the balance of an existing...
Proposition 2 1 2 "has so heavily curtailed revenues that we may not be able to provide basic public services." Duehay added, saving Harvard should consider increasing its payment to the city...
...prices that may have been as much as three times higher than necessary for painting and plastering in one building, 27 Everett St., and then attempting to pass the costs on to the tenants. The city examiner disallowed some of the costs claimed by HRE, shifting the burden for payment to the University. HRE officials say that the costs were reasonable and that work on the building was atypical because there was not enough time to collect bids from contractors...
...long ago, that amount of money went a long way towards the down payment on a new house in American suburbia. Next year, it will be the price tag for a year as an undergraduate at Harvard-Radcliffe--minus transportation, expenses and fees...