Examlex
Leona borrows $100,000 from First National Bank and uses the proceeds to purchase City of Houston bonds.The interest Leona pays on this loan is deductible as investment interest subject to the investment interest limits.
Senate Judiciary Committee
A standing committee of the U.S. Senate responsible for overseeing judicial administration, including federal court nominations.
Federal Judgeship
A position that involves serving as a judge within the federal judiciary of a country, appointed to interpret and apply federal laws and the constitution.
Unanimous Vote
A voting outcome where all participants agree and there are no dissenting voices.
Judicial Review
The power of courts to assess the constitutionality of laws and government actions, striking down those that violate the constitution.
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