(Encyclopedia) Bank for International Settlements (BIS), international financial institution est. (1930) in Basel, Switzerland, by bankers and diplomats from Europe, the United States, and Japan. It…
(Encyclopedia) Erskine, John, 1721?–1803, Scottish theologian. A leader of the evangelical party in the Church of Scotland, he was minister successively at Kirkintilloch, Culross, and New Greyfriars…
(Encyclopedia) discount, in banking and investment, fee for lending money, which the banker deducts from the loan when it is given. Thus, with a $1,000 loan at a 6% discount, the borrower receives $…
(Encyclopedia) Bellamy, Joseph, 1719–90, New England clergyman, b. Cheshire, Conn. A follower of Jonathan Edwards and a powerful revivalist of the Great Awakening, he preached in Bethlehem, Conn.,…
(Encyclopedia) Saul, first king of the ancient Hebrews. He was a Benjamite and anointed king by Samuel. Saul's territory was probably limited to the hill country of Judah and the region to the north…
(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…
(Encyclopedia) clearing, in banking, the periodic settling of bankers' claims against each other, for which local banks establish clearinghouse associations. Clearinghouses are said to have existed…
Bringing skiing to new heights
Source: Jonathan Hayward/The Canadian Press via AP
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