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Federal National Mortgage Association

(Encyclopedia) Federal National Mortgage Association (FMNA), commonly known as Fannie Mae, government-sponsored enterprise that is the largest purchaser and guarantor of home mortgages in the country…

Special Drawing Rights

(Encyclopedia) Special Drawing Rights (SDRs), type of international monetary reserve currency established (1968) by the International Monetary Fund (IMF). Created in response to worries concerning…

Social Credit

(Encyclopedia) Social Credit, economic plan in Canada, based on the theories of Clifford Hugh Douglas. The central idea is that the problems fundamental to economic depression are those of unequal…

Shelburne

(Encyclopedia) Shelburne, town (1990 pop. 5,871) in Chittenden co., NW Vermont, 7 mi (11 km) S of Burlington on the banks of Lake Champlain. A popular resort, Shelburne is also a center for local…

Knights of Labor

(Encyclopedia) Knights of Labor, American labor organization, started by Philadelphia tailors in 1869, led by Uriah S. Stephens. It became a body of national scope and importance in 1878 and grew…

Kun, Béla

(Encyclopedia) Kun, BélaKun, Bélabāˈlŏ k&oomacr;n [key], 1886–1937, Hungarian Communist. A prisoner of war in Russia after 1915, he embraced Bolshevism. After the outbreak of the Russian…

installment buying and selling

(Encyclopedia) installment buying and selling, buying and selling of goods on credit, with the stipulation that payments shall be made at specified intervals in set amounts. The goods may be used by…

Mahican

(Encyclopedia) MahicanMahicanməhēˈkən [key], confederacy of Native North Americans of the Algonquian branch of the Algonquian-Wakashan linguistic stock (see Native American languages). The Mahican…

automated teller machine

(Encyclopedia) automated teller machine (ATM), device used by bank customers to process account transactions. Typically, a user inserts into the ATM a special plastic card that is encoded with…

Daly, Marcus

(Encyclopedia) Daly, Marcus, 1841–1900, American copper magnate, b. Ireland. He went to New York City at 15 and later moved to California, where he worked as a miner. He was employed by the “silver…