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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…

Quintana Roo

(Encyclopedia) Quintana RooQuintana Rookēntäˈnä rōˈō [key], state (1990 pop. 493,277), 19,630 sq mi (50,842 sq km), SE Mexico, on the Caribbean. Chetumal is the capital. Occupying most of the eastern…

Pensacola

(Encyclopedia) PensacolaPensacolapĕnsəkōˈlə [key], city (1990 pop. 58,165), seat of Escambia co., extreme NW Fla., on Pensacola Bay; inc. 1822. It is a port of entry with a natural harbor and…

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…

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…

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…