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Garrick, David

(Encyclopedia)Garrick, David, 1717–79, English actor, manager, and dramatist. He was indisputably the greatest English actor of the 18th cent., and his friendships with Diderot, Samuel Johnson, Oliver Goldsmith, ...

puts and calls

(Encyclopedia)puts and calls, in securities trading. A call is a contract that gives the holder the right to purchase a given stock at a specific price within a designated period of time. It is the opposite of a pu...

supply and demand

(Encyclopedia)supply and demand, in classical economics, factors that are said to determine price, by correlating the amount of a given commodity producers hope to sell at a certain price (supply), and the amount o...

Connally, John Bowden, JR.

(Encyclopedia)Connally, John Bowden, Jr. kŏnˈəlē [key], 1917–93, U.S. public official, b. Floresville, Tex. A lawyer, he became associated with Lyndon B. Johnson, managed the latter's successful senatorial ca...

hedging

(Encyclopedia)hedging, in commerce, method by which traders use two counterbalancing investment strategies so as to minimize any losses caused by price fluctuations. It is generally used by traders on the commoditi...

value-added tax

(Encyclopedia)value-added tax (VAT), levy imposed on business at all levels of the manufacture and production of a good or service and based on the increase in price, or value, provided by each level. Because the c...

Pea Ridge

(Encyclopedia)Pea Ridge, chain of hills, NW Ark., where the Civil War battle of Pea Ridge (or Elkhorn Tavern) was fought Mar. 6–8, 1862. Earl Van Dorn, leading a large Confederate command, which included Sterling...

corner

(Encyclopedia)corner, securing of all or nearly all the supply of any commodity or stock so that its buyers are forced to pay exorbitant prices. Corners may be planned deliberately or may be brought about unintenti...

commodity market

(Encyclopedia)commodity market, organized traders' exchange in which standardized, graded products are bought and sold. Worldwide, there are more than 20 major commodity exchanges and many smaller ones that trade c...

margin requirement

(Encyclopedia)margin requirement, that part of a security's price that a buyer must pay for in cash. The balance of the price is met by the broker, who, in effect, is supplying a client with a loan. The smaller the...