Glossary Politics & World
Referendum
A direct public vote on a single question. Whether the result binds the government depends on the law under which it was held.
More from the glossary
Recession
A significant, broad decline in economic activity lasting more than a few months. The rough-and-ready definition…
Smart contract
Code deployed to a blockchain that executes automatically when its conditions are met. It removes the…
Dividend
A share of profit paid out to shareholders, usually quarterly. Cutting one is a strong signal…
Fiscal policy
What a government does with taxation and spending, as distinct from monetary policy, which is set…