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Word: payment (lookup in dictionary) (lookup stats)
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...embarrassing mission. On behalf of their company, they entered a guilty plea to an eleven-page statement of criminal offenses. The charges: during the lean years of tanker building and repair that followed the 1973-74 Arab oil embargo, Bethlehem engaged in a complex conspiracy that resulted in the payment of bribes of at least $400,000 to shipowners and agents in return for having them repair their ships in Bethlehem's yards. Bethlehem smuggled a sum close to $1 million into the U.S. to be used, evidently, for illegal purposes...

Author: /time Magazine | Title: Business: Caught Bribing | 8/4/1980 | See Source »

...friend to the Libyans, not an agent. All that changed when the Government found out earlier this year that Billy had received $220,000 from the Libyans in "loans." Loans are not compensation, but the Justice Department was prepared to argue the money was not a loan but payment. So Billy finally caved in and registered...

Author: /time Magazine | Title: Nation: To the Shoals off Tripoli | 7/28/1980 | See Source »

...Chrysler, the warming of bankers' hearts came none too soon. The company has not paid in more than a week the firms that supply it with almost everything from steel to headlights, and any one of them could have started legal procedures to receive payment, which in turn would force Chrysler into bankruptcy...

Author: /time Magazine | Title: Business: Brinkmanship | 6/30/1980 | See Source »

...years ago, Clayton McKenzie, 37, began his venture after realizing that the high cost of buying cows was limiting business for many dairymen. Local banks normally charge an initial down payment of 30% on a loan for the purchase of a cow, while farmers renting one lay out only 6% of the cost. After starting with a two-man operation, McKenzie last year needed a bank of computers and 30 employees to keep track of around 50,000 head leased to farmers in 25 states. Sales totaled $20 million...

Author: /time Magazine | Title: Business: Rent-a-Cow | 6/30/1980 | See Source »

...trusties worked hand in hand with the hired help, stealing provisions and supplies ordered for the inmates and selling them in black markets throughout Arkansas and as far away as Chicago. Those who managed the kitchen took bribes as payment for sand-wiches. Poorer prisoners made do with a spoonful of rice a day, plus soybeans, corn bread and water. The food was rancid and contaminated by weevils...

Author: By David Frankel, | Title: Cool Hand Bob | 6/27/1980 | See Source »

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