Grow bags used for growing vegetables and other plants are commonly sold by the volume of soil they will hold. Bag dimensions will allow you to plan where the grow bags will fit in your space—balcony, deck, patio, or garden. Choose a grow bag that is the right size for the vegetables, berries, fruit trees
What Is Cyclical Unemployment? Cyclical unemployment is the component of overall unemployment that results directly from cycles of economic upturn and downturn. Unemployment typically rises during recessions and declines during economic expansions. Moderating cyclical unemployment during recessions is a major motivation behind the study of economics and the goal of the various policy tools that
What Was the Cypriot Pound (CYP)? CYP was the currency abbreviation for the Cypriot pound, which was the national currency of the Republic of Cyprus, prior to its adoption of the common euro currency. Key Takeaways The Cypriot pound (CYP) was the official currency of the Republic of Cyprus from 1963 until 2008, when it
What Is Cy Pres Doctrine? The term cy pres doctrine refers to a legal concept that gives courts the power to interpret the terms of a will, gift, estate, or charitable trust. This doctrine becomes active if there are issues with carrying out the intended wishes or conditions of the original document or if they
What Is the Czech Koruna (CZK)? CZK is the currency abbreviation for the Czech koruna, the official legal tender for the Czech Republic. One koruna is comprised of 100 haléřů. The Czech Republic is part of the European Union (EU) and so is legally bound to adopt the common euro currency eventually, although this does not
What Is the Coinage Act of 1792? The Coinage Act of 1792—more commonly known as the Mint Act or the Coinage Act—was a regulation passed by Congress on April 2, 1792, that established the United States Mint in Philadelphia. The act provided stipulations for the design and production of coins, laying the foundation for modern
What Is the Circular Flow Model? The circular flow model demonstrates how money moves through society. Money flows from producers to workers as wages and flows back to producers as payment for products. In short, an economy is an endless circular flow of money. That is the basic form of the model, but actual money
What Is the Clearing House Interbank Payments System (CHIPS)? The Clearing House Interbank Payments System (CHIPS) is the primary clearing house in the U.S. for large banking transactions. As of 2015, CHIPS settles over 250,000 of trades per day, valued in excess of $1.5 trillion in both domestic and cross-border transactions. CHIPS and the Fedwire funds service used
What Is a Co-Branded Card? A co-branded card is a credit card that a retailer of consumer goods or services issues in partnership with a particular credit card issuer or network. Often bearing the logos of both the credit card company and the retailer, co-branded cards earn merchandise discounts, points, or other rewards when used
What Is Collateral Value? The term collateral value refers to the fair market value of the assets used to secure a loan. Collateral value is typically determined by looking at the recent sale prices of similar assets or having the asset appraised by a qualified expert. Key Takeaways Collateral value refers to the amount of
