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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...

margin requirement

(Encyclopedia)margin requirement, that part of a security's price that a buyer must pay for in cash. The balance of the price is met by the broker, who, in effect, is supplying a client with a loan. The smaller the...

agricultural subsidies

(Encyclopedia)agricultural subsidies, financial assistance to farmers through government-sponsored price-support programs. Beginning in the 1930s most industrialized countries developed agricultural price-support p...

OPA

(Encyclopedia)OPA: see Office of Price Administration. ...

fair-trade laws

(Encyclopedia)fair-trade laws, in the United States, a former group of statutes that permitted manufacturers to specify the minimum retail price of a commodity. The first fair-trade law was adopted (1931) by Califo...

Muhammad VI, king of Morocco

(Encyclopedia)Muhammad VI, 1963–, king of Morocco (1999–), formerly Muhammad ben Al-Hassan, crown prince Sidi Muhammad. He studied at Muhammad V Univ., Rabat, where he received bachelor's (1985) and master's (1...

sibyl

(Encyclopedia)sibyl sĭbˈĭl [key], in classical mythology and religion, prophetess. There were said to be as many as 10 sibyls, variously located and represented. The most famous was the Cumaean sibyl, described ...

greenmail

(Encyclopedia)greenmail, payment, by a corporation that is a takeover target, of a premium price for the shares of its stock that have been accumulated by the potential buyer. In exchange, the potential buyer stops...

discount

(Encyclopedia)discount, in banking and investment, fee for lending money, which the banker deducts from the loan when it is given. Thus, with a $1,000 loan at a 6% discount, the borrower receives $940 and repays $1...