Examlex
The amount owed on a debt is the principal.
Board of Governors
A leading body of a central banking system, such as the Federal Reserve in the United States, responsible for overseeing the bank's policies and operations.
Appointed
A term referring to individuals who have been selected and assigned roles or positions, often within a governmental or organizational setting, without requiring an election or competitive selection process.
Elected
Refers to the process of choosing or selecting someone to hold a public office or some other position by voting.
Open-Market Operations
Purchases and sales of government securities by the Fed in an effort to influence the money supply.
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