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Today's Terms
Norris-LaGuardia Act
Definition:
Adopted in 1932, this act was one of the first attempts to limit the power of federal courts in labor disputes.
Over-the-counter
Definition:
Figurative term for the means of trading securities that are not listed on an organized stock exchange such as the New York Stock Exchange. Over-the-counter trading is done by broker-dealers who communicate by telephone and computer networks.
Panic
Definition:
A series of unexpected cash withdrawals from a bank caused by a sudden decline in depositor confidence or fear that the bank will be closed by the chartering agency.
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