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hedging

(Encyclopedia) hedging, in commerce, method by which traders use two counterbalancing investment strategies so as to minimize any losses caused by price fluctuations. It is generally used by traders…

Cutler, Manasseh

(Encyclopedia) Cutler, ManassehCutler, Manassehmənăsˈə [key], 1742–1823, American clergyman, scientist, and one of the organizers of the Ohio Company of Associates, b. Killingly, Conn. A student of…

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…

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…

Foraker, Joseph Benson

(Encyclopedia) Foraker, Joseph BensonForaker, Joseph Bensonfŏrˈəkər [key], 1846–1917, American politician, b. Highland co., Ohio. After service in the Civil War, he practiced law in Cincinnati and…

Cartier, Sir Georges Étienne

(Encyclopedia) Cartier, Sir Georges ÉtienneCartier, Sir Georges Étiennezhôrzh ātyĕnˈ kärtyāˈ [key], 1814–73, Canadian statesman, b. Quebec prov. He was called to the bar of Lower Canada (Quebec) in…

Walker, Robert John

(Encyclopedia) Walker, Robert John, 1801–69, American public official, b. Northumberland, Pa. A lawyer, he practiced for a time in Pittsburgh. In 1826 he moved to Natchez, Miss. As a Democratic…

Turner, Ted

(Encyclopedia) Turner, Ted (Robert Edward Turner 3d), 1938–, American television network executive, b. Cincinnati. After inheriting his father's billboard company, he founded (1976) a television…

Whitney Museum of American Art

(Encyclopedia) Whitney Museum of American Art, in New York City, founded in 1930 by Gertrude Vanderbilt Whitney with a core group of 700 artworks, many from her own collection. The museum was an…