MONETARY POLICY is U.S. Federal Reserve actions to influence the availability and cost of money and credit as a means of helping to promote high employment, economic growth, price stability and a sustainable pattern of international transactions. Tools of monetary policy include open market operations, adjustments in reserve requirements and changes in the discount rate.
BASE TAX YEAR is the tax year prior to the subject tax year.
DEFERRED CREDITOR see DEFERRED INCOME.
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