Tuesday, July 2, 2013


A system of government , such as that in the United States, by which sovereign power is divided between the national and state governments.

Monday, July 1, 2013


A certificate issued by the foreign department of a country to a consul or commercial agent of another country.It recognizes the official character of the consul or agent and authorizes him to fulfill his duties.


An order for the payment of money drawn by one person on another; a common term for a bill of exchange. Broadly speaking, the term " Draft " includes a bank cashier's check.

Draconian law

Especially severe law. The term has its origin in a harsh code of laws prepared by Draco, the celebrated  lawgiver of Athens in the seventh century B.C.

Down payment

Money that must be paid initially when an item is bought on credit and the balance is to be paid later in installments.