Ch. 11 Vocab Flashcards
The act of spending more than is taken in during the year and borrowing money to Make up the difference
Deficit financing
The distribution o a bankrupt individual or company’s assets among those to whom a debt is owed
Bankruptcy
Any kind of money that must be accepted by law in payment for debts
Legal tender
All of the money borrowed by the federal gov’n over the years and not yet repaid
Public debt
The exclusive right of an author to reproduce, publish, and sell his or her creative work
Copyright
A grant of sole right to manufacture, use, or sell any new and useful process or machine for up to 20 years
Patent
A part of US that is not a state and has it’s own system of govern
Territory
The govern’s inherent power to take private property for public use
Eminent domain
The process by Which citizens of one country become citizens of another country
Naturalization
A replacement chosen to fill a vacancy
Successor
To accuse, or bring charges against
Impeach
To find not guilty
Acquit
Lying under oath
Perjury
A formal condemnation of a person’s behavior
Censure
A legal order directing someone to appear before a committee or court
Subpoena
