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Exmouth
Exmouth , town (1991 pop. 28,037), Devon, SW England, at the mouth of the Exe River. It is a port and a popular summer resort. In 1347, Exmouth provided 10 ships for the siege of Calais .
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corporation
corporation in law, organization enjoying legal personality for the purpose of carrying on certain activities. Most corporations are businesses for profit; they are usually organized by three or more subscribers who raise capital for the corporate activities by selling shares of stock , which repr...
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Exe
Exe , river, c.55 mi (90 km) long, rising in the Exmoor, Somerset, SW England, and flowing S across the Cornwall peninsula, past Exeter to the English Channel at Exmouth. Salmon and shellfish are taken from the river; many waterfowl are found along its narrow estuary.
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stock
stock in finance, instrument certifying to shares in the ownership of a corporation. Bonds are similar evidences of shares in a loan to a corporation. Stock yields no dividends until claims of bondholders have been met. Preferred stock is entitled to dividends of a specified percentage per annum be...
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corporal punishment
corporal punishment physical chastisement of an offender. At one extreme it includes the death penalty (see capital punishment ), but the term usually refers to punishments like flogging, caning, mutilation, and branding. Until c.1800, in many parts of the world, most crimes were punished thus, or...
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Clayton Antitrust Act
Clayton Antitrust Act 1914, passed by the U.S. Congress as an amendment to clarify and supplement the Sherman Antitrust Act of 1890. It was drafted by Henry De Lamar Clayton. The act prohibited exclusive sales contracts, local price cutting to freeze out competitors, rebates, interlocking directo...
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profit
profit in economics, return on capital, also called earnings, minus the costs of maintaining land, labor, and capital. It is also known as net income. Economic theorists generally make a distinction between two types of profit: normal profit, in which the entrepreneur receives the minimal necessary...
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franchise
franchise in government, a right specifically conferred on a group or individual by a government, especially the privilege conferred by a municipality on a corporation of operating public utilities, such as electricity, telephone, and bus services. Franchises may not be revoked without the consent ...
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Lloyd's
Lloyd's London insurance underwriting corporation of many separate syndicates; often called Lloyd's of London. Founded in the late 17th cent. by a group of merchants, shipowners, and insurance brokers at the coffeehouse of Edward Lloyd, the association is now international in scope. It was original...
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mutual fund
mutual fund in finance, investment company or trust that has a very fluid capital stock. It is unique in that at any time it can sell or redeem any of its outstanding shares at net asset value (i.e., the price of a share equals total assets minus liabilities divided by the total number of shares). ...
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