Group of 11 (G11).

The Group of 11 (G11) is a group of nations formed in 1999 to promote economic cooperation and development. The group includes Bangladesh, Egypt, India, Indonesia, Iran, Mexico, Nigeria, Pakistan, Philippines, Senegal, and Sri Lanka. The G11 nations work together to foster economic growth and development, and to promote peace and stability in the world. … Read more

Judgment Definition.

A judgment definition is a legal document that sets forth the terms and conditions of a judgment. It is typically signed by the judge and filed with the court. The judgment definition will specify the amount of money owed, the interest rate, the date by which the debt must be paid, and any other terms … Read more

Food and Agriculture Organization (FAO) Definition.

The Food and Agriculture Organization (FAO) Definition is the international standard definition of food security. It was first adopted by the FAO in 1996 and has been revised several times since then, most recently in 2019. The 2019 revision includes four pillars of food security: availability, access, utilization, and stability. What does the Food and … Read more


Estoppel is a legal term that refers to a situation in which a person is prevented from asserting a claim or taking a particular course of action because of their own previous actions or words. The concept of estoppel is often used in the context of contract law, but can also apply in other areas … Read more

Breach of Contract Explained: Types and Consequences.

Breach of Contract: Types and Consequences What are two types of breach of contract? There are two types of breach of contract: material and immaterial. A material breach of contract is a breach that goes to the heart of the contract and defeats the purpose of the contract. An immaterial breach of contract is a … Read more

International Bank of Reconstruction and Development (IBRD).

The International Bank for Reconstruction and Development (IBRD) is an international financial institution that provides loans to countries for capital projects. It is a member of the World Bank Group and its headquarters are in Washington, D.C., United States. The IBRD is the oldest global development bank in the world. The IBRD was established in … Read more

Office Audit Definition.

An office audit is defined as an examination of an organization’s financial statements and records by an external auditor. The purpose of an office audit is to ensure that the organization is complying with generally accepted accounting principles and financial reporting standards. What is an audit in government? An audit in government is an independent … Read more

What Is Commercial Policy?

Commercial policy refers to the government policies that regulate international trade in goods and services. These policies are designed to promote economic growth and protect domestic industries from foreign competition. Commercial policy includes tariffs, quotas, and other trade restrictions. What are the different forms of commercial policy? There are four main types of commercial policy: … Read more


Rationing is a system of limiting the availability of goods or services to a specific group of people. It is usually done in times of crisis, when there is a limited supply of a good or service and it is necessary to ration it in order to ensure that everyone who needs it gets a … Read more

What Does Condemnation Mean?

Condemnation refers to the legal process by which the government seizes private property for public use. The government must provide just compensation to the property owner. What is a sentence for condemnation? A sentence for condemnation is a judgment that someone is guilty of a crime and deserves to be punished. What is the difference … Read more