Tag: congress
Oil Pollution Act Of 1990
Definition
The Oil Pollution Act of 1990 was passed by the 101st United States Congress and signed by President George H. W. Bush. It works...
Major Fraud Act Of 1988
What is 'Major Fraud Act Of 1988' A piece of legislation passed during the Reagan administration that modified and strengthened previous fraud...
Accelerated Cost Recovery System (ACRS)
What is 'Accelerated Cost Recovery System - ACRS' A system of depreciation introduced by the Economic Recovery Tax Act of 1981. ACRS...
Abusive Tax Shelter
What is 'Abusive Tax Shelter' An investment scheme that claims to reduce income tax without changing the value of the user's income...
Savings Association Insurance Fund (SAIF)
What is 'Savings Association Insurance Fund - SAIF' A government insurance fund for savings and loans and thrift institutions in the United...
Sarbanes-Oxley Act Of 2002 (SOX)
What is the 'Sarbanes-Oxley Act Of 2002 - SOX' The Sarbanes-Oxley Act of 2002 (SOX) is an act passed by U.S. Congress...
Sallie Mae (Student Loan Marketing Association)
What is 'Sallie Mae - Student Loan Marketing Association' Sallie Mae is a publicly traded company that is the largest provider of...
Back Stop
What is a 'Back Stop' A back stop is the act of providing last-resort support or security in a securities offering for...
Bailout Bond
What is 'Bailout Bond' A debt security issued by the Resolution Funding Corporation to bail out the savings and loan associations during...
Party Wall
DefinitionA party wall is a dividing partition between two adjoining buildings that is shared by the occupants of each residence or business. Typically, the...