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Today's Terms
Panic
Definition:
A series of unexpected cash withdrawals from a bank caused by a sudden decline in depositor confidence or fear that the bank will be closed by the chartering agency.
Uniformity of the rule's application
Definition:
It is unlawful to apply rules to singled-out individuals only. Inconsistencies in rule applications violate the Just-Cause context of employer and employee.
Investment
Definition:
The purchase of a security, such as a stock or bond.
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