While house hunting in London, I came across a very good leasehold property Discussing the lease the landlady told me:
'The property was originally on a 99 years lease and two-thirds of the time passed is equal to four-fifths of the time to come. Now work it out for yourself and see how many years are to go!
What 8 letter word can have a letter taken away and it still makes a word. Take another letter away and it still makes a word. Keep on doing that until you have one letter left. What is the word?