unbundling rules. Telecommunications. Regulations passed by the Federal Communications Commission to effectuate the local-competition requirements of the Telecommunications Act of 1996, which requires local-exchange carriers to provide access to elements of local-exchange networks on an unbundled (i.e., separated) basis. 47 USCA § 251; 47 CFR pt. 51. See NETWORK ELEMENT. [Cases: Telecommunications 267. C.J.S. Telegraphs, […]
fix, n. 1. A dose of an illegal drug (the defendant testified that he robbed the store because he needed to buy a fix). 2. A navigational reading. fix, vb. 1. To announce (an exchange price, interest rate, etc.) (interest was fixed at 6%). 2. To establish (a person’s liability or responsibility) (you cannot fix
bimetallism. A monetary system in which currency is defined in terms of two metals (usu. gold and silver), both being legal tender and with a fixed rate of exchange between them. • The American money system was based on a bimetallic standard from 1792 to 1873.
refinancing, n. An exchange of an old debt for a new debt, as by negotiating a different interest rate or term or by repaying the existing loan with money acquired from a new loan. — refinance, vb.
swap, n. Commercial law. 1. An exchange of one security for another. 2. A financial transaction between two parties, usu. involving an intermediary or dealer, in which payments or rates are exchanged over a specified period and according to specified conditions. currency swap. An agreement to swap specified payment obligations denominated in one currency for