By Kenyon A. Knopf
Instead for in-depth definitions and ideas, this e-book is a one-volume resolution to economics, banking, and company questions. With encyclopaedic aspect, the trems are outlined, innovations defined and relationships illustrated. A separate portion of abbreviations and acronyms can assist the reader to spot monetary and company teams. This ebook is desinged to be of curiosity to non-professionals and scholars of economics, scholars and execs in company, accounting, sociology and legislation
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Additional info for A Lexicon of Economics
For some time, commercial banks also have pro vided savings deposits, time deposits, trust services, and mortgage loans. Commercial banks may be chartered by either the federal government or a state. See Bank, Savings Bank, Savings and Loan Association, Credit Union. C O M M E R C I A L PAPER Negotiable unsecured promissory notes is sued by major corporations in denominations of $10,000 and more for short-term maturities. Commercial paper provides an interest income attractive to banks and other financial institutions, pensionfund managers, and other investors.
Blacklist is a term often used in labor relations to refer to a list circulated among employers which identifies so-called troublemakers and thus warns against their employment. It was used against union organizers in the past, but that practice is now illegal under the National Labor Relations Act of 1935 (the Wagner Act). Blacklisting also was used in the 1950s by movie studios against actors and writers who had been accused of being communist sympathizers by people such as Senator Joe McCarthy of Wisconsin.
See also Federal Deposit Insurance Corporation for a de scription of the insurance coverage. B A N K N O T E A printed piece of paper, issued by banks in various monetary denominations, which is declared "legal tender for all debts public and private," or, historically, when issued by private banks was exchangeable for legal tender upon presentation to the issuing bank. S. Treasury) for carrying on transactions. Many bank notes were issued by state banks during the 19th century until they were taxed out of existence by the National Banking Act of 1863.
A Lexicon of Economics by Kenyon A. Knopf