"Repayable" Quotes from Famous Books
 ... that the underwriter impliedly undertakes to repay sums which the law may require the assured to pay towards averting losses which would, by the contract, fall upon the underwriter. Expenses voluntarily incurred by the assured with that object are expressly made repayable by the sue and labour clause of the policy. It might well be implied that payments compulsorily required from the assured by law for contributions to G.A., or as salvage for services by salvors, ...
— Encyclopaedia Britannica, 11th Edition, Volume 3, Part 1, Slice 1 - "Austria, Lower" to "Bacon" • Various
... they do not take 100 L. payable on demand, and pay it back in cheques of 5 L. each, and that is our English banking. The borrowed money which they have is in large sums, borrowed for terms more or less long. English bankers deal with an aggregate of small sums, all of which are repayable on short notice, or on demand. And the way the two employ their money is different also. A foreigner thinks 'an Exchange business'that is, the buying and selling bills on foreign countriesa main part of banking. As I have explained, remittance is one of the ...
— Lombard Street: A Description of the Money Market • Walter Bagehot |
