The Power of Eminent Domain Means

question 187

Multiple Choice

The power of eminent domain means:

• A) the government must build housing for the poor
• B) the use of property is controlled by zoning
• C) owners of other property make a legal claim against public land
• D) land is registered to its private owner
• E) none of the other choices

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Definitions:

Credit Union

A member-owned financial co-operative that offers similar banking services as banks, but profits are returned to members in the form of lower loan rates and higher savings rates.

Federally Insured

Federally Insured refers to financial deposits or products protected by a federal agency, such as the FDIC, against loss up to a certain limit.

Drawee

The party, often a bank, that is directed to pay a certain amount of money to the person presenting the check or draft as stated on the financial document.

Commercial Paper

An unsecured, short-term debt instrument issued by corporations, typically used for the financing of payroll, accounts payable, and inventories, and meeting other short-term liabilities.