Business / Agriculture / Merchant Marine Act Of 1920: P.L. 66-261, also known as the Jones Act, provides for the promotion and maintenance of a U.S. merchant marine. Provisions dealing with cabotage (i.e., coastal shipping) require that all goods transported by water between U.S. ports be carried in U.S.-flag ships, constructed in the United States, owned by U.S. citizens, and crewed wholly by U.S. citizens. In addition, amendments to the Jones Act, known as the Cargo Preference Act, provide permanent legislation for the transportation of waterborne cargoes in U.S.-flag vessels.
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Act Noun Synonyms: deed, action, undertaking, operation, step, move, feat, exploit, accomplishment, achievement
Act Verb Synonyms: behave (oneself), carry on, deport oneself, comport oneself, conduct oneself
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Marine Adjective Synonyms: maritime, nautical, naval, seafaring, seagoing, ocean-going, sea
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Merchant Noun Synonyms: dealer, retailer, seller, shopkeeper, store owner, trader, tradesman or tradeswoman, vendor
Merchant Verb Synonyms: pedlar, hawker, (travelling) salesman, (sales) representative, commercial traveler, huckster, door-to-door salesman, drummer, (sales) rep
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Business / Agriculture / Jones Act: The common reference for Section 27 of the Merchant Marine Act of 1920, which requires that all water transportation of goods between U.S. ports be on U.S.- built, owned, crewed, and operated ships. T MORE
Business / Taxes / Out-Of-The-Money: An option is out-of-the-money when the market price of an instrument on which you hold an option is not close to the strike price. Call options ?€” which you buy when you think the price is going MORE
Business / Finance / Out-Of-The-Money Option: A call option is out of the money if the strike price is greater than the market price of the underlying security. That is, you have the right to purchase a security at a price higher than the market MORE