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PER UNIT TAX: A tax that is specified as a fixed amount for each unit of a good sold. Federal excise taxes on gasoline and cigarettes fall into this per unit tax category.

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L

A broad monetary measure that combines M3 plus several liquid assets, including commercial paper, U.S. Treasury bills, savings bonds, and bankers' acceptances. L used to be tracked and reported by the Federal Reserve System along with M1, M2, and M3. However, L is no longer reported.

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Today, you are likely to spend a great deal of time at a flea market seeking to buy either a country wreathe or galvanized steel storage shelves. Be on the lookout for telephone calls from long-lost relatives.
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More money is spent on gardening than on any other hobby.
"A man is not finished when he is defeated. He is finished when he quits. "

-- President Richard Nixon

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