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35 Results for Tag: congress

Oil Pollution Act Of 1990

DefinitionThe Oil Pollution Act of 1990 was passed by the 101st United States Congress and signed by President George H. W. Bush. It works to avoid oil spills from vessels and facilities by

Major Fraud Act Of 1988

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 legislation. Among th

Accelerated Cost Recovery System (ACRS)

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 depreciation is

Abusive Tax Shelter

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 or assets. Abusive tax shelters serv

Savings Association Insurance Fund (SAIF)

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 States

Sarbanes-Oxley Act Of 2002 (SOX)

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 in 2002 to protect investors from the

Sallie Mae (Student Loan Marketing Association)

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 education

Back Stop

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 the unsubscribed portion of shares. A company tries to rais

Bailout Bond

Bailout Bond What is 'Bailout Bond' A debt security issued by the Resolution Funding Corporation to bail out the savings and loan associations during the financial crisis of the late 1980s

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 builder lays the wall along a pro
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