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fiat money fiat money
fiat money , inconvertible money that is made legal tender by the decree, or fiat, of the government but that is not covered by a specie reserve. It is commonly understood to be of paper, although it may also consist of overvalued metal coins. The circulation of fiat money may lead to inflation,... Read more
money money
money term that actually refers to two concepts: the abstract unit of account in terms of which the value of goods, services, and obligations can be compared; and anything that is widely established as a means of payment. Frequently the standard of value also serves as a medium of exchange, but... Read more
bad bad
bad a bad excuse is better than none it is better to attempt to give some kind of explanation, even a weak one; proverbial saying recorded from the mid 16th century.bad hair day a day on which everything seems to go wrong, characterized as a day on which one's hair is particularly unmanageable; an... Read more
Interpleader Interpleader
INTERPLEADER An equitable proceeding brought by a third person to have a court determine the ownership rights of rival claimants to the same money or property that is held by that third person. Interpleader is a form of equitable relief. Equitable remedies are ways for courts to enforce rights... Read more
Money laundering Money laundering
Money Laundering BIBLIOGRAPHY Money laundering, also known as “cleaning of money,” is the practice of engaging in specific financial transactions in order to conceal the identity, source, or destination o... Read more
William Shirley William Shirley
William Shirley 1694-1771, colonial governor in British North America, b. England. He became a lawyer and in 1731 emigrated to Massachusetts. In 1741 he became governor of Massachusetts. He opposed the issuance of more paper money, and in the war with France he promoted the successful expedition... Read more
Quantity theory of money Quantity theory of money
Quantity Theory of Money BIBLIOGRAPHY The quantity theory of money (QTM) refers to the proposition that changes in the quantity of money lead to, other factors remaining constant, approximately equal changes in the price level. Usually, the QTM is written as MV = PY, where M is the supply of... Read more
Brewsters Millions Brewsters Millions
Brewster's Millions (1906), a play by Winchell Smith and Byron Ongley. [New Amsterdam Theatre, 163 perf.] Montgomery Brewster ( Edward Abeles) is left one million dollars in the will of his grandfather, who died remorseful over neglecting his daughter, Brewster's mother. Monty's joy at his... Read more
Ponzi Scheme Ponzi Scheme
PONZI SCHEME A fraudulent investment plan in which the investments of later investors are used to pay earlier investors, giving the appearance that the investments of the initial participants dramatically increase in value in a short amount of time. A Ponzi scheme is a type of investment fraud... Read more
bottomry bottomry
bottomry, sometimes also known as bummaree, is a long defunct term for a mortgage on a ship executed by a master who was out of touch with his owners and needed to raise money for repairs to complete a voyage. Money raised by bottomry had to be used only for the exact purpose stated and was always... Read more

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Palin giving back tainted governor's race money
News Wire article from: AP Worldstream Gov. Sarah Palin, touted by Republican...corruption probe. Palin said Thursday she also is giving back $1,000 from the...Press reported that Palin had accepted the money during her successful 2006 run for ...

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