Glossary Business & Economy
Deflation
A sustained fall in the general price level. It sounds welcome but tends to delay spending and raise the real burden of debt, which is why policymakers treat it as a problem.
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Tariff
A tax on imported goods. It is paid by the importer, not the exporting country, and…
Executive order
A directive issued by a head of government to the executive branch. It can be reversed…
Correction
A fall of roughly 10% from a recent high. Corrections are common and often brief, which…
Short selling
Borrowing an asset, selling it, and hoping to buy it back cheaper. Losses are theoretically unlimited,…