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Today's Terms
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.
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.
Central bank
Definition:
A country's principal monetary authority, responsible for such key functions as issuing currency and regulating the supply of credit in the economy.
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