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emptio

emptio (emp-shee-oh), n. [Latin “purchase”] Roman & civil law. The act of buying; a purchase. — Also spelled emtio. Pl. emptiones. emptio bonorum (b[schwa]-nor-[schwa]m). [Latin “purchase of goods”] A type of forced assignment for the benefit of creditors, involving a public sale of an insolvent debtor’s estate whereby the purchaser succeeded to all the debtor’s […]

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finance

finance, n. 1. That aspect of business concerned with the management of money, credit, banking, and investments (after a brief career in finance, Andrea decided to go to law school). 2. The science or study of the management of money, etc. (Bill sought a degree in finance because he wanted to be an investment banker).

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department of state

Department of State. The cabinet-level department of the federal government responsible for advising the President in formulating and executing foreign policy. • Headed by the Secretary of State, the Department negotiates treaties and other agreements with foreign nations; speaks for the United States before the United Nations and other international organizations; and represents the United

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