Examlex
The riskiness of equity securities typically exceeds that of debt securities for firms.
TRUE
Social Security Act
A U.S. law enacted in 1935 that was designed to provide retirement income and assist the unemployed, as well as provide support for the disabled and families with dependent children.
Unemployment Compensation
A government program that provides financial payments to individuals who have lost their jobs through no fault of their own, as a means to alleviate financial hardship during periods of unemployment.
Francis E. Townsend
An American physician who was a prominent advocate for the elderly, known for proposing the Townsend Plan, a precursor to Social Security.
Government Payments
Financial disbursements made by the government to individuals, corporations, or other governments to fulfill obligations or provide support in the form of subsidies, benefits, or grants.
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