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Andean Community

Overview page. Subjects: World History — Financial Institutions and Services.

(CAN)

An association of South American nations set up in 1969 to enhance economic cooperation. The original members were Bolivia, Chile, Colombia, Ecuador, Peru, and Venezuela;...

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drachma

Overview page. Subjects: Financial Institutions and Services — Biblical Studies.

(Dr) Formerly, the standard monetary unit of Greece, divided into 100 lepta. It was subsumed into the euro for all purposes except cash transactions in 2001 and abolished in 2002.

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European Economic Community

Overview page. Subjects: British History — Financial Institutions and Services.

The European common market set up in 1957 by the six member states of the European Coal and Steel Community (ECSC); i.e. Belgium, France, West Germany, Italy, Luxembourg, and The...

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haraam

Overview page. Subjects: Islam — Financial Institutions and Services.

Forbidden by Islamic law. In financial contexts, this applies chiefly to lending or borrowing money at interest. Various schemes enable Muslims to take out loans, notably mortgages, without...

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Mercosur

Overview page. Subjects: Financial Institutions and Services — World History.

(Portuguese name Mercosul)

A regional trade organization in South America, whose full title is the Southern Cone or South American Common Market. Founded in March 1991, with the...

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Pfennig

Overview page. Subjects: Literature — Financial Institutions and Services.

(plural Pfennige)

A former monetary unit of Germany worth one hundredth of a Deutschmark (until 2002).

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ring

Overview page. Subjects: Bibliography — Financial Institutions and Services.

1 A group of dealers or speculators who seek to monopolize a segment of a market in order to push prices up or down. Rings in commodity markets have frequently been formed.

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South Sea Bubble

Overview page. Subjects: History — Financial Institutions and Services.

The huge financial speculation, encouraged by the government, which burst in September 1720, ruining many families. The South Sea Company of 1710 attracted thousands of investors as share...

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wafer seal

Overview page. Subjects: Bibliography — Financial Institutions and Services.

A modern form of seal used on such documents as deeds. It is usually a small red disc stuck onto the document to represent the seal.

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