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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…

Kamprad, Ingvar Feodor

(Encyclopedia) Kamprad, Ingvar Feodor, 1926–, Swedish business executive. In 1943 he founded IKEA, which began selling low-priced furniture in 1947. In the 1950s the company began designing its own…

Martinelli, Ricardo

(Encyclopedia) Martinelli, Ricardo (Ricardo Alberto Martinelli Berrocal) 1952–, Panamanian business executive and political leader. The son of Italian immigrants, he became the head of a successful…

collateral

(Encyclopedia) collateralcollateralkəlătˈərəl [key], something of value given or pledged as security for payment of a loan. Collateral consists usually of financial instruments, such as stocks, bonds…

Rothstein, Arnold

(Encyclopedia) Rothstein, ArnoldRothstein, Arnoldrôthˈstēn [key], 1883–1928, American gambler, b. New York City. Supposedly beginning his career at the age of 12, Rothstein became a professional…

Kellogg, Edward

(Encyclopedia) Kellogg, Edward, 1790–1858, American economist, b. Norwalk, Conn. He advocated a financial scheme to abolish interest, which was often usurious at the time he wrote. Kellogg devised a…

land tax

(Encyclopedia) land tax, impost levied upon real property. It is sometimes called a real estate tax, especially when assessed against both improved and unimproved land. Probably the earliest direct…

Haughey, Charles James

(Encyclopedia) Haughey, Charles JamesHaughey, Charles Jameshôˈkhē, –hē [key], 1925–2006, Irish politician. A successful accountant and real estate investor, he entered Parliament as a Fianna Fáil…

Bush, John Ellis ("Jeb")

(Encyclopedia) Bush, John Ellis ("Jeb"), 1953- , American politician and businessman, b. Midland, Tx, Univ. of Texas, Austin (B.A., 1974).…

Fuller, Millard

(Encyclopedia) Fuller, Millard, 1935–2009, American entrepreneur and philanthropist, b. Lanett, Ala., grad. Auburn Univ. (B.S., 1957), Univ. of Alabama Law School (LL.B., 1960). While in law school…