1- INFLATION --- A sharp or sudden rise in prices resulting from too great expansion in paper money or bank credit.
Inflation is the generalized and sustained increase in the level of prices in the market over a period of time. When the general level of prices increases, less goods and services are acquired with each unit of currency. That is, inflation reflects the decrease in the purchasing power of the currency.
2- NULLIFY --- To make void.
3- SPECULATION --- The act or practice of buying or selling when there is a large risk with the hopes of making a profit from future price changes.
In economics, speculation consists in the purchase (or sale) of goods with a view to their subsequent resale (repurchase), when the reason for such action is the expectation of a change in the prices affected with respect to the dominant price and not the profit derived from its use.
4- SPOILS SYSTEM --- The system or practice in which public offices were awarded to supporters of the winning party.
The expression spoils system describes a practice by which the political parties of government distribute among their own militants and sympathizers institutional positions and positions of power.
5- SQUATTER --- A person who settles on land without title or right.
A squatter is a person who is installed in an unoccupied property, without having the right to it according to the current legislation.
6- WILDCAT BANK --- Prior to the passage of the National Bank Act of 1863-64, a bank operation with insufficient capital to redeem its circulating notes.
