Generation

Generation (from the Greek γενεά), also known as reproduction, is the act of producing offspring. It can also refer to the act of creating something inanimate such as electrical creation or cryptographic scheme generation. A generation can also be a stage or degree in a sequence of natural descent as a grandfather, a father, and the father's son contain three generations.

A generation can refer to stages of consecutive improvement in the development of a technology such as the interior combustion engine, or successive iterations of products with planned obsolescence, such as video game consoles or mobile phones.
In biology, the development by which populations of organisms pass on advantageous traits from generation to generation is known evolution.

Bond market

The bond market (also known as the debt, credit, or fixed income market) is a financial market where participant buy and sell debt securities, usually in the form of bonds. As of 2006, the size of the international bond market is a predictable $45 trillion, of which the size of the outstanding U.S. bond market debt was $25.2 trillion.

"Bond market" usually refers to the government bond market, because of its size, liquidity, lack of credit risk and, therefore, compassion to interest rates. Because of the inverse relationship between bond valuation and interest rates, the bond market is frequently used to indicate changes in interest rates or the shape of the yield curve.

Negotiable instrument

A negotiable instrument is not a contract per se, as contract formation requires an offer, acceptance, and consideration, none of which are basics of a negotiable instrument. Unlike ordinary contract documents, the right to the performance of a negotiable instrument is connected to the possession of the document itself (with certain exceptions such as loss or theft).

The rights of the payee (or holder in due course) are better than those provide by ordinary contracts as follows: The rights to payment are not subject to set-off, and do not rely on the power of the underlying contract giving rise to the debt (for example if a cheque was drawn for payment for goods delivered but defective, the drawer is still liable on the cheque) No notice needs to be given to any prior party legally responsible on the instrument for transfer of the rights under the instrument by negotiation Transfer free of equities—the holder in due course can hold enhanced title than the party he obtains it from Negotiation enables the transferee to become the party to the contract, and to enforce the contract in his own name. Negotiation can be effect by endorsement and delivery (order instruments), or by delivery alone (bearer instruments).

Culture

Culture from the Latin cultura stemming from colere, meaning "to cultivate," usually refers to patterns of human activity and the representative structures that give such activity significant importance. Different definitions of "culture" reflect different theoretical bases for understanding, or criteria for estimate, human activity.

Culture is manifest in music, literature, painting and statue, theater and film. Although some people differentiate culture in terms of consumption and consumer goods as in high culture, low culture, folk culture, or popular culture, anthropologists understand "culture" to refer not only to consumption goods, but to the general processes which produce such goods and give them meaning, and to the social relationships and practices in which such objects and processes become embedded. For them, cultures thus include technology, art, knowledge, as well as moral systems.