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bonding

(Encyclopedia) bonding: see insurance.

Hartford

(Encyclopedia) Hartford. <1> City (2020 pop. 121,054), state capital, Hartford co., central Conn., on the west bank of the Connecticut River;…

savings and loan association

(Encyclopedia) savings and loan association (S&L), type of financial institution that was originally created to accept savings from private investors and to provide home mortgage services for the…

Weill, Sanford I.

(Encyclopedia) Weill, Sanford I.Weill, Sanford I.wīl [key], 1933–, American business executive, b. Brooklyn, N.Y. A graduate of Cornell (1955), Sandy Weill went to work for a New York brokerage house…

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…

malpractice

(Encyclopedia) malpractice, failure to provide professional services with the skill usually exhibited by responsible and careful members of the profession, resulting in injury, loss, or damage to the…

domestic service

(Encyclopedia) domestic service, work performed in a household by someone who is not a member of the family. It was performed by slaves in many early civilizations, e.g., in Greece and Rome. Under…

Resolution Trust Corporation

(Encyclopedia) Resolution Trust Corporation (RTC), in U.S. history, government-owned company formed in 1989 to liquidate the assets of insolvent savings and loan associations (S&Ls). Essentially…

Johnston

(Encyclopedia) Johnston, town (1990 pop. 26,542), Providence co., N central R.I., a suburb of Providence; inc. 1759. Among its manufactures are jewelry, textiles, and fabricated metals. Johnston is…