Word: repossess
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Dates: during 1940-1949
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After the Communist coup in Czechoslovakia, our Eastern European correspondent, Robert Low, got an urgent telegram from a United Press reporter who had sublet his apartment in Prague. It said that the landlady had canceled the lease and was threatening to repossess his furniture...
...full tuition price at the beginning of each term. Tuition Plan sends the parent a monthly bill (adding 4% for its services), collects the money in eight installments. Chief difference between Tuition Plan and an automobile credit company: if the customer fails to pay, the credit company can repossess his car, but Tuition Plan cannot foreclose on the child...
...sale of taxicabs is the hardest to make a go of. General Motors tried it for a while (through its subsidiary Yellow Truck & Coach), found that it had to operate taxis to be sure of a market in Manhattan, finally began withdrawing in 1934 after it had to repossess two big fleets at a loss of $1,000,000. Next year it sold its Manhattan operating company (Terminal) at another $733,000 loss. Soon Checker Cab Manufacturing Co. was left the only important manufacturer in the field. But even Checker, with a virtual monopoly on production, had dizzy ups & downs...
Clothes are difficult to repossess. But most "kredit klothiers" plan no stricter rules for young men. On the contrary, at least three Manhattan, one Chicago, two Atlanta stores last week announced new "money back" offers to all military-age men buying now, later drafted...