Glossary Business & Economy
Antitrust
Competition law: the rules preventing firms from abusing market dominance or merging their way out of competition. Called competition law outside the United States.
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IPO
An initial public offering: the first sale of a company's shares to public investors. It raises…
Bull market
A sustained period of rising prices and confident sentiment. The common threshold is a rise of…
Blockchain
A shared ledger of transactions maintained by many computers at once rather than by a single…
Referendum
A direct public vote on a single question. Whether the result binds the government depends on…