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Nationalization

Today's Must Read
Hoover's Editors
As the US government contemplates taking over majority control of General Motors, Hoover's Editors looked through our database and identified some of the biggest government-run companies in the world.
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Tim Devaney - Tom Stein
Economic recovery starts with microenterprises. And microenterprises start with microlenders.
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Miranda Marquit
The Treasury, Federal Reserve, FDIC and others all joined together to emphasize that a program will soon be in place to ensure that banks have the capital they need to keep moving with...
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Dr. Dan Luria of the Michigan Manufacturing Technology Center argues permanent partial nationalization for the auto industry.
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Given that the House just rejected the proposed bail-out, more understanding may be useful.
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Business Glossary

Definitions for: political risk insurance: confiscation, expropriation and nationalization
political risk insurance: confiscation, expropriation and nationalization

insurance coverage that protects a company's and/or individual's assets against financial loss resulting from acts of confiscation, expropriation, or nationalization by a foreign government. Asset protected may be mobile or permanent and include: structures, inventory, bank accounts, prepaid supplies, receivables, vacation homes owned by individuals, and personal belongings of employees on overseas assignment. The coverage may be purchased on a single asset basis or several asset basis worldwide, subject to limits per country and an aggregate policy limit.

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