Examlex
__________ is a statistical measure of the degree to which two variables (e.g. securities' returns) move together.
Legitimacy
Legitimacy is the general belief and acceptance by the public that a governing body or its actions are appropriate and justified according to legal, moral, or procedural standards.
Authority
The legal or rightful power to make decisions, direct others, or enforce obedience, often found in contexts such as government, military, or organizational hierarchies.
Constitutional Monarchy
A system of government in which a monarch acts as head of state within the parameters of a written or unwritten constitution.
Confederation
A union of sovereign groups or states, united for purposes of common action often in relation to other states but with retained sovereignty.
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