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bill of exchange

(Encyclopedia)bill of exchange: see draft.

scrip

(Encyclopedia)scrip, temporary substitute for money, securities, or other valuable claims. Business enterprises and municipalities have at times, especially when short of cash, paid employees in scrip, and communit...

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...

Kennedy, Joseph Patrick

(Encyclopedia)Kennedy, Joseph Patrick, 1888–1969, U.S. ambassador to Great Britain (1937–40), b. Boston, grad. Harvard, 1912. The founder of an American dynasty, he was the father of nine children, including Jo...

hedge fund

(Encyclopedia)hedge fund, in finance, a largely unregulated investment device with a relatively small number of investors that aims to outperform the markets. Originating in the 1950s, the funds “hedge” by offs...

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...

Federal Communications Commission

(Encyclopedia)Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. The FCC is co...

Federal Trade Commission

(Encyclopedia)Federal Trade Commission (FTC), independent agency of the U.S. government established in 1915 and charged with keeping American business competition free and fair. The FTC has no jurisdiction over ban...

Interstate Commerce Commission

(Encyclopedia)Interstate Commerce Commission (ICC), former independent agency of the U.S. government, established in 1887; it was charged with regulating the economics and services of specified carriers engaged in ...

Atomic Energy Commission

(Encyclopedia)Atomic Energy Commission (AEC), former U.S. government commission created by the Atomic Energy Act of 1946 and charged with the development and control of the U.S. atomic energy program following Worl...