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leveraged buyout
leveraged buyout the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. The acquiring company or group then repays the loans from the target company's profits or by selling its assets. Many lever...
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Rothschild
Rothschild , prominent family of European bankers. The first important member was Mayer Amschel Rothschild (1743-1812), son of a money changer in the Jewish ghetto of Frankfurt, Germany. His first names are also spelled as Meyer and Anselm. It was he who laid the foundation of the family fortune by ...
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finance
finance theory and practice of conducting large public and private dealings in money. Important institutions of private finance include those that deal with insurance , banking , stocks (see stock ), bonds, and other securities. With the development of the national state, public finance—th...
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Robert Schuman
Robert Schuman , 1886-1963, French statesman and lawyer, b. grand duchy of Luxembourg. A member of the Catholic Mouvement Républicain Populaire (MRP), he was finance minister (1946, 1947) and premier (1947-48). He continued as foreign minister (1948-53), and as such, did much to promote Europ...
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securities
securities in finance, instruments giving to their legal holders rights to money or other property. Securities include stocks, bonds, notes, mortgages, bills of lading, and bills of exchange. See speculation and stock exchange .
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Morarji Ranchhodji Desai
Morarji Ranchhodji Desai , 1896-1995, Indian political leader. He joined the government in 1956, becoming minister of finance (1958-63). He returned to government in 1967 as deputy prime minister and minister of finance, but in 1969 was maneuvered from office by Indira Gandhi and became leader of ...
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John George Lambton Durham, 1st earl of
John George Lambton Durham, 1st earl of , 1792-1840, British statesman. A stormy liberal career in Parliament (1813-32), which earned him the nickname Radical Jack, culminated in the important role he played in drafting the Reform Bill of 1832 and forcing it through the House of Lords. After the Can...
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Laurent Fabius
Laurent Fabius , 1946- French politician. After graduating from the École National d'Administration, he became an auditor at the Council of State and has been a Socialist National Assembly deputy since 1978. He became (1984) minister of industry and research and, from 1984 to 1986, was Presid...
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John Law
John Law 1671-1729, Scottish financier in France, b. Edinburgh. After killing a man in a duel (1694) he fled to Amsterdam, where he studied banking. Returning to Scotland (1700), he proposed to Parliament plans for trade and revenue reforms and published Money and Trade Considered (1705). His ide...
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Franz Vranitzky
Franz Vranitzky , 1937-, Austrian political leader, chancellor of Austria (1986-97), b. Vienna. After receiving a doctorate in economics he became a banker (1961-70). Vranitzky was an adviser on economic and fiscal policy to the minister of finance (1970-76) and returned to banking (1976-84) before ...
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