dynasty
dynasty. 1. A powerful family line that continues for a long time (an Egyptian dynasty). 2. A powerful group of individuals who control a particular industry or field and who control their successors (a literary dynasty) (a banking dynasty).
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national oceanic and atmospheric administration
National Oceanic and Atmospheric Administration. A unit in the U.S. Department of Commerce responsible for monitoring the environment in order to make accurate and timely weather forecasts and to protect life, property, and the environment. • It was established in 1970 under Reorganization Plan No. 4 of 1970 and operates through several agencies: the National
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employer
employer. A person who controls and directs a worker under an express or implied contract of hire and who pays the worker’s salary or wages. Cf. PRINCIPAL(1). [Cases: Master and Servant 1. C.J.S. Apprentices §§ 2, 11; Employer–Employee Relationship §§ 2–3, 6–12.] equal-opportunity employer. An employer who agrees not to discriminate against any job applicant
eighteenth amendment
Eighteenth Amendment. The constitutional amendment — ratified in 1919 and repealed by the 21st Amendment in 1933 — that prohibited the manufacture, sale, transportation, and possession of alcoholic beverages in the United States. See PROHIBITION(3). [Cases: Intoxicating Liquors 17. C.J.S. Intoxicating Liquors § 35.]
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diversified holding company
A holding company that controls several unrelated companies or businesses.
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lead lag study
lead-lag study. A survey used to determine the amount of working capital that a utility company must reserve and include in its rate base, by comparing the time the company has to pay its bills and the time taken by its customers to pay for service. • The term comes from the phrases “lead time”
grubstake contract
A contract between two parties in which one party provides the grubstake — money and supplies — and the other party prospects for and locates mines on public land. • Each party acquires an interest in the mine as agreed to in the contract. Grubstake contracts are used chiefly in the western United States. In
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accommodation loan
A loan for which the lender receives no consideration in return. See ACCOMMODATION.
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disjunctive condition
A condition requiring the performance of one of several acts. Cf. copulative condition; single condition.
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