Examlex
It is possible for a firm to have a positive beta, even if the correlation between its returns and those of another firm is negative.
Great Depression
A severe worldwide economic downturn that occurred during the 1930s, starting in the United States.
Wall of Separation
A principle interpreting the establishment clause of the First Amendment to the United States Constitution as prohibiting government involvement with religious institutions.
Establishment Clause
A provision in the First Amendment of the U.S. Constitution that prohibits the government from establishing an official religion, ensuring the separation of church and state.
Free Exercise Clause
A provision in the First Amendment to the U.S. Constitution that protects the right of individuals to practice their religion freely, without government interference.
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