In the United States, a political action committee (PAC) is a political committee that pools campaign contributions from its members and donates those funds to campaigns for or against candidates, electoral initiatives, or legislation.
Political Action Committees (PACs) are usually formed to represent business, labor or ideological interests.
The first PAC was formed in 1944 to raise funds for the re-election of then President Franklin D. Roosevelt.
The Americans with Disabilities Act (ADA) was passed in 1990 to prevent discrimination against people with disabilities in the workplace and in employment.
Autarky refers to a state of self-sufficiency and is commonly used to describe countries or economies that seek to reduce their dependence on international trade.
A Build-Operate-Transfer (BOT) contract is a model used to finance large projects, usually infrastructure projects, developed through a public-private partnership.
Capitalism is an economic system characterized by private ownership of the means of production, especially in the industrial sector, in which labor is paid only according to wages.
The term “discount rate” can refer to either the interest rate the Federal Reserve charges banks for short-term loans or the rate used to discount future cash flows in a discounted cash flow (DCF) analysis.