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Panama Papers

(Encyclopedia)Panama Papers, popular name for the some 11.5 million internal documents belonging to the Panamanian-based law firm Mossack Fonseca that revealed information about secret offshore companies and bank a...

Washington Monument

(Encyclopedia)Washington Monument, obelisk-shaped tower, 555 ft 51⁄9 in. (169.3 m) high, located on a 106-acre (43-hectare) site at the west end of the Mall, Washington, D.C.; dedicated 1885. The world's tallest ...

bond

(Encyclopedia)bond, in finance, usually a formal certificate of indebtedness issued in writing by governments or business corporations in return for loans. It bears interest and promises to pay a certain sum of mon...

negotiable instrument

(Encyclopedia)negotiable instrument, bill of exchange, check, promissory note, or other written contract for payment that may serve as a substitute for money. It is simple in form and easy to transfer. Transfer of ...

legacy

(Encyclopedia)legacy, bequest by will of personal property, similar in many respects to a gift causa mortis. A legacy ordinarily is distinguished from a devise, which transfers real property by will. The person who...

Sherman Silver Purchase Act

(Encyclopedia)Sherman Silver Purchase Act, 1890, passed by the U.S. Congress to supplant the Bland-Allison Act of 1878. It not only required the U.S. government to purchase nearly twice as much silver as before, bu...

Desmarets, Nicolas

(Encyclopedia)Desmarets, Nicolas nēkôläˈ dāmärāˈ [key], 1648–1721, French statesman; the nephew of Jean Baptiste Colbert. He became director of finances in 1703 and succeeded Michel Chamillart as controll...

garnishment

(Encyclopedia)garnishment, in law, means of requiring a third party who holds a debt (including wages) due a defendant to retain the property temporarily. The garnishment consists of a warning, in the form of a jud...

Individual Retirement Account

(Encyclopedia)Individual Retirement Account (IRA), tax-sheltered retirement plan, originally created (1974) to assist individuals not covered by company pensions. Under the U.S. tax law of 1981, IRA provisions were...

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