The Use of _________________ Was Introduced in American Law with the Passage

question 26

Essay

The use of _________________ was introduced in American law with the passage of the Racketeer Influenced and Corrupt Organizations and the Continuing Criminal Enterprises acts,both which allow the seizure of any property derived from illegal enterprises or conspiracies.

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Definitions:

Hedged Delivery

A technique used in trading and finance to mitigate risk by taking opposite positions in a market to protect against price movements.

Futures Contract

Agreements to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.

Corn

A cereal plant that yields large grains, or kernels, set in rows on a cob; often grown as food for humans and fodder for animals.

Futures Price

The agreed-upon price for a financial instrument or commodity to be delivered and paid for at a future date.