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money

(Encyclopedia)money, term that 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 mean...

panic

(Encyclopedia)panic, crisis in financial and economic conditions, marked by public loss of confidence in the financial structure. Panics are characterized by a general rush of investors to convert their assets into...

clearing

(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 in Florence by a....

Thompson, William Boyce

(Encyclopedia)Thompson, William Boyce, 1869–1930, American financier, b. Virginia City, Mont. He operated silver and copper mines in Montana and Arizona before moving to New York City. He was (1914–19) a direct...

Kruger National Park

(Encyclopedia)Kruger National Park, game reserve, c.8,000 sq mi (20,720 sq km), Limpopo and Mpumalanga, NE South Africa. One of the world's largest wildlife sanctuaries, it has almost every species of game found in...

fiat money

(Encyclopedia)fiat money fīˈət, fīˈăt [key], 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 b...

Kahoolawe

(Encyclopedia)Kahoolawe kähōˈōläˈvā, –wā, kähōˈläˈ– [key], uninhabited island, 45 sq mi (117 sq km), central Hawaii; separated from Maui island to the NE by Alalakeiki Channel. The low island, dott...

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