Glossary Politics & World
Executive order
A directive issued by a head of government to the executive branch. It can be reversed by a successor and can be challenged in court, so it is weaker than legislation.
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Tariff
A tax on imported goods. It is paid by the importer, not the exporting country, and…
DeFi
Decentralised finance: lending, trading and derivatives run by smart contracts rather than by a bank or…
Paywall
A restriction limiting articles to paying subscribers. A metered paywall allows a set number of free…
Referendum
A direct public vote on a single question. Whether the result binds the government depends on…