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bankruptcy

(Encyclopedia)bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiv...

airline industry

(Encyclopedia)airline industry, the business of transporting paying passengers and freight by air along regularly scheduled routes, typically by airplanes but also by helicopter. Ferdinand Graf von Zeppelin set up ...

Hart, Oliver Simon D'Arcy

(Encyclopedia)Hart, Oliver Simon D'Arcy, 1948–, British-American economist, b. London, England, Ph.D. Princeton, 1974. He has been a professor at the London School of Economics (1981–85), the Massachusetts Inst...

Kannapolis

(Encyclopedia)Kannapolis kənăpˈəlĭs [key], city (1990 pop. 29,696), Cabarrus and Rowan counties, W central N.C.; founded 1906, inc. 1984. It began as a planned company town and was owned by Cannon Mills (later...

Beame, Abraham David

(Encyclopedia)Beame, Abraham David, 1906–2001, American politician, mayor of New York City (1974–77), b. London. Beame, who grew up on New York's Lower East Side, was city budget director (1952–61). A Democra...

Taglioni, Maria

(Encyclopedia)Taglioni, Maria, 1804–84, Italian ballerina, b. Stockholm. Taglioni is considered the first and foremost ballerina of the romantic period. She made her debut in Vienna in 1822 in a ballet created fo...

Carey, Hugh Leo

(Encyclopedia)Carey, Hugh Leo, 1919–2011, American politician, b. Brooklyn, N.Y., grad. St. John's Univ. (1942), St. John's Univ. School of Law (1951). A liberal Democrat, Carey was elected to Congress in 1960 an...

lien

(Encyclopedia)lien, claim or charge held by one party, on property owned by a second party, as security for payment of some debt, obligation, or duty owed by that second party. A lien may arise by agreement between...

Bigot, François

(Encyclopedia)Bigot, François fräNswäˈ bēgōˈ [key], 1703–77?, intendant of New France (1748–59), b. Bordeaux, France. At Louisburg, where he served (1739–45) as commissary, it has been said that he ind...

American International Group

(Encyclopedia)American International Group (AIG), American multinational insurance corporation whose potential bankruptcy in 2008 led to the largest federal bailout of a private company. AIG was founded as American...

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