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leveraged buyout

(Encyclopedia) leveraged buyout, the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase.?

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?

Barnegat Bay

(Encyclopedia) Barnegat Bay brn?g?t, arm of the Atlantic Ocean, c.30 mi (50 km) long, E N.J., inside Long Beach Island and Island Beach Peninsula. It is a heavily used recreational asset in an area?


(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-?


(Encyclopedia) zakat z?-kt [Arab.,=purification], Islamic religious tax, one of the five basic requirements (arkan or pillars) of Islam. All adult Muslims of sound mind and body with a set level of?


(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?

Lilly Endowment, Inc.

(Encyclopedia) Lilly Endowment, Inc., institution founded (1937) at Indianapolis, Ind., by pharmaceutical manufacturer Josiah K. Lilly (1861?1948) as a philanthropic foundation for the promotion and?


(Encyclopedia) Enfield, town (1990 pop. 45,532), Hartford co., N Conn., on the Connecticut River at the Mass. line; settled c.1680. The town has varied manufacturing, including filtration systems,?

Miller, Merton H.

(Encyclopedia) Miller, Merton H., 1923?2000, American economist, grad. Harvard, 1943, Ph.D. Johns Hopkins, 1952. A professor at Carnegie-Mellon Univ. (1953?61) and the Univ. of Chicago (1961?93), he?

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?