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fiat money

(Encyclopedia)fiat money fīˈət, fīˈăt [key], inconvertible money that is made legal tender by the decree, or fiat, of the government but that is not covered by a specie reserve. It is commonly understood to b...

Spotswood, Alexander

(Encyclopedia)Spotswood, Alexander, 1676–1740, colonial governor of Virginia, b. Tangier, Morocco. Appointed in 1710, he was officially lieutenant governor under the nominal governorship of George Hamilton, 1st e...

Pollock, Sir Frederick

(Encyclopedia)Pollock, Sir Frederick pŏlˈək [key], 1845–1937, English jurist, b. London. He was educated at Eton and Cambridge and was admitted to the bar in 1871. He succeeded to his baronetcy in 1888. Polloc...

lockout

(Encyclopedia)lockout, intentional closing up of a company, factory, or shop by an employer to prevent employees from working during a strike or labor dispute. The term lockout is sometimes confused with the term s...

Fortas, Abe

(Encyclopedia)Fortas, Abe fôrˈtəs [key], 1910–82, associate justice of the U.S. Supreme Court (1965–69), b. Memphis, Tenn. After receiving his law degree from Yale in 1933, he taught there (1933–37) and al...

virtual currency

(Encyclopedia)virtual currency, a means of payment that is electronically created and stored, more specifically an unregulated electronic medium of exchange that operates like a currency but is created and controll...

Story, Joseph

(Encyclopedia)Story, Joseph, 1779–1845, American jurist, associate justice of the Supreme Court (1811–45), b. Marblehead, Mass. Admitted to the Massachusetts bar in 1801, he practiced law in Salem and was sever...

assignats

(Encyclopedia)assignats ăsˈĭgnăts, äsēnyäˈ [key], paper currency issued during the French Revolution. To redeem the huge public debt and to counterbalance the growing deficit, the revolutionary constituent ...

oath

(Encyclopedia)oath, vocal affirmation of the truth of one's statements, generally made by appealing to a deity. From the earliest days of human history, calling upon the gods of a community to witness the truth of ...

procedure

(Encyclopedia)procedure, in law, the rules that govern the obtaining of legal redress. This article deals only with civil procedure in Anglo-American law (for criminal procedure, see criminal law). Except for evide...