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puts and calls

(Encyclopedia)puts and calls, in securities trading. A call is a contract that gives the holder the right to purchase a given stock at a specific price within a designated period of time. It is the opposite of a pu...

hedging

(Encyclopedia)hedging, in commerce, method by which traders use two counterbalancing investment strategies so as to minimize any losses caused by price fluctuations. It is generally used by traders on the commoditi...

Kingston

(Encyclopedia)Kingston, town, capital of the Australian territory of Norfolk Island, located on the island's S coast, on Emily Bay. Kingston is the administrative and historic center of Norfolk Island; its commerci...

conceit

(Encyclopedia)conceit, in literature, fanciful or unusual image in which apparently dissimilar things are shown to have a relationship. The Elizabethan poets were fond of Petrarchan conceits, which were conventiona...

Stiglitz, Joseph Eugene

(Encyclopedia)Stiglitz, Joseph Eugene, 1943–, American economist, b. Gary, Ind., Ph.D. Massachusetts Institute of Technology, 1967. He has taught at a number of educational institutions, including Stanford (1974â...

value-added tax

(Encyclopedia)value-added tax (VAT), levy imposed on business at all levels of the manufacture and production of a good or service and based on the increase in price, or value, provided by each level. Because the c...

Reese, Lizette Woodworth

(Encyclopedia)Reese, Lizette Woodworth rēs [key], 1856–1935, American poet, b. Waverly, Md. She taught school for 45 years, 21 of them at the Western High School in Baltimore. Her poetry, remarkable for its inte...

Pea Ridge

(Encyclopedia)Pea Ridge, chain of hills, NW Ark., where the Civil War battle of Pea Ridge (or Elkhorn Tavern) was fought Mar. 6–8, 1862. Earl Van Dorn, leading a large Confederate command, which included Sterling...

corner

(Encyclopedia)corner, securing of all or nearly all the supply of any commodity or stock so that its buyers are forced to pay exorbitant prices. Corners may be planned deliberately or may be brought about unintenti...

commodity market

(Encyclopedia)commodity market, organized traders' exchange in which standardized, graded products are bought and sold. Worldwide, there are more than 20 major commodity exchanges and many smaller ones that trade c...