law and economics
1) The idea that companies or individuals can neutralize the effect of their pollution by investing in pollution reduction efforts in other parts of the world. 2) A financial instrument whose purchase is aimed at the reduction of greenhouse gases. One carbon offset generally pays for the reduction of one metric ton of carbon dioxide or other greenhouse gases.
A policy that seeks to limit pollution. Under a cap-and-trade program, a company gets an emissions permit for every ton of carbon dioxide that it releases. Companies that produce fewer emissions can trade their extra permits to companies that are producing more emissions.
Also known as the Stimulus Package or Recovery Act, a federal law intended to jumpstart the struggling economy by creating new jobs and saving existing ones, spurring investment, and fostering accountability and transparency in government spending. The package contained extensive funding for science, engineering research, and infrastructure, and smaller amounts for education, social sciences, and the arts. The Act has its own website, www.recovery.gov.
In tax law, an amount that an individual or business can subtract from its gross income (total income) to determine its taxable income (the total income on which it owes tax). Examples of federal income tax deductions include mortgage interest, charitable contributions, and certain state taxes.
A card issued by a bank that combines the functions of an ATM card and a check. A debit card can be used to withdraw cash at a bank, like an ATM card. It can also be used like a check at stores, to pay for goods and services. A debit card is linked to the user's bank account, from which money is automatically withdrawn when the card is used.
A nonprofit agency with offices in a number of states. It offers free or low-cost debt and credit counseling.
In 15 U.S.C. §1127:
1) The exchanging, buying, or selling of things having economic value between two or more entities, for example goods, services, and money. Commerce is often done on a large scale, typically between individuals, businesses, or nations.
2) The Lanham Act (trademark) provides that a mark is all be deemed to be in "use in commerce"
(1) on goods when: