federalism

federalism. The legal relationship and distribution of power between the national and regional governments within a federal system of government.

cooperative federalism. Distribution of power between the federal government and the states in which each recognizes the powers of the other while jointly engaging in certain governmental functions. [Cases: States 4.19. C.J.S. States § 28.]

our federalism. See OUR FEDERALISM.


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译者张文,国际知名商学院金融专业,擅长翻译各种与结构性融资及衍生品诉讼相关的法律文件。