But the deferred payments on the higher interest rate must ultimately be made up, she added.
All deferred payments to bear interest at the rate of 1 per cent.
The remaining $500,000 is owed as deferred payments to employees and companies.
After the first contract offer, Simon had called the deferred payments "funny money."
Under terms of the deferred payments, Fisk will receive $96,000 a year for 17 years, from 1990 through 2006.
It is, without question, a high-priced market that includes deferred payments of $250,000 a year for 25 years beginning in 2004.
What do you want to bet it's all deferred payments?
The deferred payments are worth about $820,000 when discounted to present-day value.
Once again, if there is inflation, money performs less efficiently as a standard of deferred payment.
Because many more contracts have signing bonuses than deferred payments, the union benefits from its continued use of 9 percent.