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In Massachusetts, there is a law passed in 1978 which says that no businesses in the state of Massachusetts can "discriminate against a cash buyer by requiring the use of credit". [14] It was the only U.S. state to have such a law until March 2019, when New Jersey passed similar legislation; car rentals, parking garages , and airport stores ...
Those expenses increase 2% per year due to inflation. After 10 years, that same person would have only $2.5 million left after using the cash to pay down bills that now cost more due to inflation.
Sir Thomas Gresham. In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation.
"Shooting the messenger" (also "killing the messenger" or "attacking the messenger" or "blaming the bearer of bad tidings / the doom monger") is a metaphoric phrase used to describe the act of blaming the bearer of bad news, despite the bearer or messenger having no direct responsibility for the bad news or its consequences.
A dispute between a fintech startup and its banking partners has ensnared potentially millions of Americans, leaving them without access to their money for nearly two weeks, according to recent ...
When a bad cheque is negotiated, the recipient of the cheque may choose to take action against the drawer. The action that is taken may be a civil collection action or lawsuit, or seeking criminal charges, depending on the amount of the cheque and the laws in the jurisdiction where the cheque is drawn.
A non-performing loan (NPL) is a bank loan that is subject to late repayment or is unlikely to be repaid by the borrower in full. Non-performing loans represent a major challenge for the banking sector, as they reduce profitability. [1]
The kids for cash scandal centered on judicial kickbacks to two judges at the Luzerne County Court of Common Pleas in Wilkes-Barre, Pennsylvania, US. [1] In 2008, judges Michael Conahan and Mark Ciavarella were convicted of accepting money in return for imposing harsh adjudications on juveniles to increase occupancy at a private prison operated ...