Glossary Politics & World
Referendum
A direct public vote on a single question. Whether the result binds the government depends on the law under which it was held.
More from the glossary
Judicial review
A court examining whether a government decision was lawful. It tests the legality of how a…
Bid-ask spread
The gap between the highest price a buyer will pay and the lowest a seller will…
Coalition government
A government formed by two or more parties because no single party holds a majority. Policy…
Circuit breaker
An automatic pause in trading triggered by a sharp move. The aim is to let information…