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veto

Dictionary of Political EconomyDictionary of Political Economy
A privileged single vote that, according to some systems of rules for decision-making, has the effect of blocking or negating a majority decision. In the United States, the President may veto a bill passed by majorities in both houses of Congress, preventing it from becoming law unless each house then re-passes the bill by a two-thirds majority. In the United Nations Security Council, a negative vote (veto) by even one of the five permanent member states (the USA, Russia, Britain, France and China) has the effect of defeating any proposed Security Council resolution.

[See also: line-item vetoseparation of powerschecks and balances]


 

Dictionary of Political Economy INDEX:


List of Terms: Terms beginning with "A", Page 1

Starts With:  A B C D E F G H I J L M N O P R S T U V W
Page Number:  1

A: Page 1 of 1.

Absolute advan...Acquittal
Agency problem
Agency problem...Agency problem...Aggregate dema...
Aggregate supp...Allocation
Anarchism
Appropriation ...Aristocracy
Authorization ...
Autocracy

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