government

Government Bond

Any bond issued by an agency of the United States government. Government bonds are backed by the full faith and credit of the government and are considered risk-free. Most are negotiable, with prominent examples being Treasury securities or Ginnie Mae bonds. U.S. savings bonds, however, are not negotiable.

Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

government

the primary decision-making body in a nation state responsible for national defence, maintaining law and order, etc. Government's economic role in the state depends upon the socio-political system the country has adopted, the two extremes being a CENTRALLY PLANNED ECONOMY and a PRIVATE ENTERPRISE ECONOMY. In the former case, governments play an all-embracing role, often owning most economic resources and determining what products to produce. In the latter case, where resources are held privately and markets are the main mechanism for allocating resources, governments play a more restricted role, merely influencing the general level of economic activity through DEMAND MANAGEMENT policies and redistribution of income and wealth. See MIXED ECONOMY, GOVERNMENT ( PUBLIC) EXPENDITURE.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005