Business / Finance / Governments: Privately owned, publicly chartered entities, such as the Student Loan Marketing Association, created by Congress to reduce the cost of capital for certain borrowing sectors of the economy including farmers, homeowners, and students.

Fiscal Policy

Business / Finance / Fiscal Policy: An alternative to a bond trust deed. Unlike the trustee, the fiscal agent acts as a representative of the borrower. MORE

Enabling Acts

Business / Real Estate / Enabling Acts: State legislation that confers zoning powers on municipal governments. MORE

Inverse Condemnation

Business / Real Estate / Inverse Condemnation: A property owner forcing a government to take a property by eminent domain when that governments actions resulted in the owners inability to use the property. MORE

Air Rights

Business / Real Estate / Air Rights: Rights to the use of the open space or vertical plane above a property. Ownership of land includes the right to all air above the property. Until the advent of the airplane, this right was unlimited, MORE


Business / Real Estate / Taking: The concept of taking comes from the Takings clause of the fifth amendment of the United States Constitution. The clause reads, nor shall private property be taken for public use, without just compens MORE

Employer Sponsored Retirement Plan

Business / Taxes / Employer Sponsored Retirement Plan: Employers may offer their employees either defined benefit or defined contribution retirement plans, or they may make both types of plans available. Any employer may offer a defined benefit plan, but MORE