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(Encyclopedia) court system in the United States, judicial branches of the federal and state governments charged with the application and interpretation of the law. The U.S. court system is divided into two administ...
(Encyclopedia) sweating system, method of exploiting labor by supplying materials to workers and paying by the piece (see piecework) for work done on those materials in the workers' homes or in small workshops (swea...
(Encyclopedia) Powell, Jerome Hayden, 1953–, U.S. investment banker and government official, b. Washington, D.C., A.B. Princeton, 1975, J.D. Georgetown Univ., 1979. He worked with New York law firms and in investm...
(Encyclopedia) Nahanni National Park Reserve nəhănˈē [key], c.1,840 sq mi (4,766 sq km), Northwest Territories, Canada, W of Fort Simpson; est. 1972. Located just E of the Yukon border, the park extends along th...
(Encyclopedia) international monetary system, rules and procedures by which different national currencies are exchanged for each other in world trade. Such a system is necessary to define a common standard of value ...
(Encyclopedia) European Monetary System, arrangement by which most nations of the European Union (EU) linked their currencies to prevent large fluctuations relative to one another. It was organized in 1979 to stabil...
(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...
(Encyclopedia) banking, primarily the business of dealing in money and instruments of credit. Banks were traditionally differentiated from other financial institutions by their principal functions of accepting depos...
(Encyclopedia) Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, government-sponsored enterprise that uses private capital to buy home mortgages as a means to help lower housing costs. A sister ...
(Encyclopedia) National Forest System, federally owned reserves, c.191 million acres (77.4 million hectares), administered by the Forest Service of the U.S. Dept. of Agriculture. The system is made up of 155 nationa...