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Milken, Michael Robert

(Encyclopedia)Milken, Michael Robert mĭlˈkən [key], 1946–, American financial executive, b. Van Nuys, Calif. Nicknamed the “junk bond king,” he was an executive at Drexel Burnham Lambert, Inc., where he tr...

exchange rate

(Encyclopedia)exchange rate: see foreign exchange. ...

foreign exchange

(Encyclopedia)foreign exchange, methods and instruments used to adjust the payment of debts between two nations that employ different currency systems. A nation's balance of payments has an important effect on the ...

Dawes Commission

(Encyclopedia)Dawes Commission, commission to the Five Civilized Tribes, created by the U.S. Congress in 1893 under the Dawes Act with H. L. Dawes as chairman. Its aim was the reorganization of the Indian Territory...

European Commission

(Encyclopedia)European Commission (EC), institution of the European Union (EU) invested with executive powers; it also is the main EU institution that initiates legislation. Located in Brussels, Belgium, it was fou...

Warren Commission

(Encyclopedia)Warren Commission, popular name given to the U.S. Commission to Report upon the Assassination of President John F. Kennedy, established (Nov. 29, 1963) by executive order of President Lyndon B. Johnso...

Casey, William Joseph

(Encyclopedia)Casey, William Joseph, 1913–87, American public official, b. New York City. After graduating from Fordham (B.S., 1934) he obtained a law degree from St. Johns Univ. (1937). During World War II he be...

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...

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....

exchange-traded fund

(Encyclopedia)exchange-traded fund (ETF), in finance, an investment company that in exchange for the deposit of a portfolio of stocks, bonds, commodities, or other assets issues securities that represent those asse...