sovereign2 ●○○ adjective 1 having the highest power in a country sovereign power/control 2 Delivered to your inbox! What made you want to look up sovereign? A daily challenge for crossword fanatics. • New agencies and new officials were created to discharge political and economic duties formerly assigned to the sovereign courts. The federal government did this when it passed the Federal Tort Claims Act, which waived federal immunity for numerous types of torts claims. The exact meaning of Sovereignty has changed some in the past. Sovereign debt (sovereign credit) is the money owed by a country's government to its creditors. A king, queen, or other noble person who serves as chief of state; a ruler or monarch. Please tell us where you read or heard it (including the quote, if possible). Nations and states are also sometimes described as "sovereign." Sovereign loan or debt means debt incurred by a government, usually in the form of bonds issued in foreign currencies and sold to foreign investors. Here's the pros, cons, and rankings. A king is an example of someone with sovereign powers. 13th century, in the meaning defined at sense 1a, 14th century, in the meaning defined at sense 1a, Middle English soverain, from Anglo-French soverein, from soverein, adjective — see sovereign entry 2, Middle English soverain, from Anglo-French soverein, from Vulgar Latin *superanus, from Latin super over, above — more at over. Whereas liberal scholars view the rule of law as the final authority on value conflicts, Schmitt believed that the, In their final audience, after Thatcher has been ousted as leader of the Conservative Party, the Queen gives her the Order of Merit, an honor that comes at the discretion of the, Gold is particularly attractive for countries such as Turkey because it is not issued by a, Julie Metcalf Kinney and the couple’s oldest son, William Kinney III, have asserted their, The government also published its legal position, saying its Parliament is, The opposition leader has said activists are neither pro-West nor anti-Russia, but their country is, Post the Definition of sovereign to Facebook, Share the Definition of sovereign on Twitter, The Difference Between 'Hoard' and 'Horde'. Plus the Latinate English suffix -ty.. Sovereign can also be a synonym of supreme as in "of the most exalted kind." Sovereign has everything to do with power. the quality or state of being sovereign, or of having supreme power or authority. Still, the default rates for non-sovereign bonds are low and their credit ratings are relatively high. • The sovereign courts' traditional preeminence within the government was vanishing too. Accessed 25 Jan. 2021. When a defendant in a single act violates the ‘peace and dignity’ of two sovereigns by breaking the laws of each, he has committed two distinct ‘offences. [33] The government of Republic of China was recognized as sovereign over China from 1911 to 1971 despite that its Sovereignty. Sovereign citizen is a term used to refer to a political movement which grew out of a belief in government abuses of power. Italian sovrano, Spanish soberano) from Latin super (“above" ). Slippery Words Quiz—Changing with the Times. (Entry 1 of 2) 1 a : one possessing or held to possess supreme political power or sovereignty. (adjective) A sovereign state. In approaching development of the Priorities, we focused on a definition of sovereign industrial capability around access to, or control over, the essential skills, technology, intellectual property, financial resources and infrastructure In other words, it is the rate of interest at which a national government can borrow. in this denomination each congregation is regarded as autonomous. Sovereign Bond: A sovereign bond is a specific debt instrument issued by the government. A sovereign state is a political entity that is represented by one centralized government that has sovereignty over a geographic area. L.C. Sovereign bond yield is the interest rate paid on a government (sovereign) bond. The Allies had granted him the title of Emperor of Elba, which was to be a, If Cleopatra VII used her own personality more like Elizabeth I than Elizabeth II, she seems to have had the latter Elizabeth's. •Obligations to honor a guarantee that does not meet our criteria for sovereign guaranteed debt (see "Rating Sovereign-Guaranteed Debt," published April 6, 2009). Sovereign debt, also known as national debt, is the debt a country owes to its foreign and domestic creditors. Difficulties in this life serve a purpose in God's sovereign plan: James 1:2–4, 12 Dear brothers and sisters, when troubles of any kind come your way, consider it an opportunity for great joy. Sovereign power will continue to lie with the Supreme People's Assembly. “Sovereign.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/sovereign. Definition of sovereign. Non-sovereign bonds are not guaranteed by the national government. wild garlic, a sovereign remedy in any healer's chest, the first British sovereign to set foot on Spanish soil, Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content, Sovereign Councils of the Hawaiian Homelands Assembly. sovereign adjective (GOVERNMENT) [ before noun ] having the highest power or being completely independent: Sovereign power is said to lie with the people in some countries, and with a ruler in others. In a monarchy, supreme power resides in the "sovereign", or king. SOVEREIGN, Eng. International law defines sovereign states as having a permanent population, defined territory, one government and the capacity to enter into relations with other sovereign states. Government bonds are considered one of the safest forms of fixed income securities. in this denomination each congregation is regarded as, During these two centuries the throne of Scotland was occupied by no more than seven, Local officials and a huge and enthusiastic crowd greeted Napoleon at the Portoferraio harbor. separate and sovereign armed services autonomous stresses independence in matters pertaining to self-government. law. It is also applied to a king or other magistrate with limited powers. Sovereign Exploration Associates International, Inc. Usually, the things a state must have are mainly political, not legal. 2 : any of various gold coins of the United Kingdom. ties. (sŏv′ər-ĭn, sŏv′rĭn) n. 1. '” Related Legal Terms and Issues The supreme, absolute, and uncontrollable power by which an independent state is governed and from which all specific political powers are derived; the intentional independence of a state, combined with the right and power of regulating its internal affairs without foreign interference. 'All Intensive Purposes' or 'All Intents and Purposes'? you're free to do as you like independent implies a standing alone; applied to a state it implies lack of connection with any other having power to interfere with its citizens, laws, or policies. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! Find another word for sovereignty. Just like other bonds, these also promise to pay the buyer a certain amount of interest for a stipulated number of years and repay the face value on maturity. b : one that exercises supreme authority within a limited sphere. Vide Rutherf. Major characteristics of a sovereign state are: a. a defined territory on which the state exercises internal and external sovereignty; b. a permanent population; c. a government, not under the control of a foreign power; d. independence from other states and powers; and. Macquarie Government is proudly owned and operated by Australians. In early American history, the courts supported the traditional view that the United States could not be sued without congressional authorization (chisholm v. georgia, 2 U.S. [2 Dall.] This means that they have power over themselves; their government is under their own control, rather than under the control of an outside authority. 3. countable noun A sovereign is a king, queen, or other royal ruler of a country. Sovereignty means that the United States is a free and independent country. As a sovereign cloud provider we are not subject to changes in foreign laws or regulations that could impact access to your local data from overseas parties. The Czechs and the Poles were seen as separate states during World War I, even though they did not exist as states yet. No contract can absolutely restrain a sovereign power. English Language Learners Definition of sovereign (Entry 2 of 2), See the full definition for sovereign in the English Language Learners Dictionary, Kids Definition of sovereign (Entry 2 of 2), Legal Definition of sovereign (Entry 2 of 2), Thesaurus: All synonyms and antonyms for sovereign, Nglish: Translation of sovereign for Spanish Speakers, Britannica English: Translation of sovereign for Arabic Speakers, Britannica.com: Encyclopedia article about sovereign. The reason is that a government can print more mon… •Obligations to supranationals, such as the International Monetary Fund (IMF) or the World Bank. Send us feedback. Sovereignty is a political concept that refers to dominant power or supreme authority. So many legal scholars prefer to think of the citizens as being sovereign rather than the states or the federal government. What does sovereign mean? belonging to or characteristic of a sovereign or sovereign authority; royal. In the context of global politics, a sovereign government is a government that operates its own independent nation without interference from foreign powers. It often describes a person who has supreme power or authority, such as a king or queen. A sovereign bond is a debt security issued by a national government. This political principle is known as popular sovereignty . Sovereign immunity was derived from British common law doctrine based on the idea that the King could do no wrong. While the definition varies across market participants, an entity or a company is typically defined as ‘quasi-sovereign’ if a government owns either more than 50% of its equity or more than 50% of the company’s voting rights. In the United States, sovereign immunity typically applies to the federal government and state government, but not to municipalities. In the United States the sovereignty resides in the body of the people. 419, 478, 1 L. Ed. 2. Inst. The United States is a sovereign nation. A national governing council or committee. having supreme rank, power, or authority. What does sovereignty mean? These example sentences are selected automatically from various online news sources to reflect current usage of the word 'sovereign.' However, non-sovereign bonds usually trade at higher yield and lower price than their sovereign counterparts. Both stem from a government's Any risk arising on chances of a government failing to make debt repayments or not honouring a loan agreement is a sovereign risk. c : an acknowledged leader : arbiter. 'Nip it in the butt' or 'Nip it in the bud'. https://www.thefreedictionary.com/sovereign, Miss Bartlett, who was poor at figures, became bewildered and rendered up the, Sun Tzu said: In war, the general receives his commands from the, Jealousy and the ambition and intrigue of another officer had lost him the favor of his emperor, and he had been detailed to this frontier post as a mark of his, Notwithstanding the want of proper sympathy in every instance between the local, "Come, Josh," he said, in a cajoling tone, "give us a spoonful of brandy, and a, - It was but man, I thought, who shed Laurels upon me: and the rush - The torrent of the chilly air Gurgled within my ear the crush Of empires - with the captive's prayer - The hum of suiters - and the tone Of flattery 'round a, All the efforts of those who surrounded the, A malady that was formerly cured by the touch of the, ``Sir Wilfred of Ivanhoe,'' said the gallant Outlaw, stepping forward, ``my assurances can add nothing to those of our. Government debt, also known as public interest, public debt, national debt and sovereign debt, contrasts to the annual government budget deficit, which is a flow variable that equals the difference between government receipts and spending in a single year. Supremacy of authority or rule as exercised by a sovereign or sovereign state. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. In that case, the power is figurative rather than literal. e. the capacity to enter into relations with other sovereign states. A sovereign loan is a … Paine likely could never have imagined that America might one day be the geopolitical island governing the European Continent—its leaders forced to petition the great U.S. supreme; preeminent; indisputable: a sovereign right. 2. It is debt issued by the national government in a foreign currency in order to finance the issuing country's growth and development. Learn a new word every day. 3. Sovereign is used to describe the person or institution that has the highest power in a country. the status, dominion, power, or authority of a sovereign;royal rank or position; royalty. … For you know that when your faith is tested, your endurance has a chance to grow. A sovereign state is a political entity that is represented by one centralized government that has sovereignty over a geographic area. Definition There is no rule to say what exactly makes a state. One that exercises supreme, permanent authority, especially in a nation or other governmental unit, as: a. (q.v.) (noun) From Old French soverain, from Vulgar Latin root *superÄ nus (cf. b. In modern democracies, sovereign power rests with the people and is exercised through representative bodies such as Congress or Parliament. It falls into two categories: debt held by the public and intragovernmental. free stresses the complete absence of external rule and the full right to make all of one's own decisions. free, independent, sovereign, autonomous mean not subject to the rule or control of another. The government of Kuwait was in a similar situation vis-à-vis the Iraqi occupation of its country during 1990–1991. Royal rank, authority, or power. the colony's struggle to become independent sovereign stresses the absence of a superior power and implies supremacy within a thing's own domain or sphere. The value that is most important to a company is an example of something sovereign. Sovereign means any state, political subdivision or government, or any agency, instrumentality, ministry, department or other authority (including, without limiting the foregoing, the central bank) thereof.For the avoidance of doubt, the Calculation Agent may determine a Succession Event has occurred in relation to a Reference Entity at any time during the Credit Observation Period. Test your knowledge - and maybe learn something along the way. ties 1. Government or ‘sovereign’ bonds are essentially a way for a government to borrow money in order to finance various initiatives, such as infrastructure spending and projects. Members often refuse to hold social security cards or driver's licenses and avoid using zip codes. God is described as "sovereign" in a number of Bible translations. How to use a word that (literally) drives some pe... Do you know these earlier meanings of words? 257 [1821]). They can be denominated in both foreign and domestic currency. eign. These bonds are generally issued to finance schools, hospitals, highways, bridges, etc. Because of default risk, sovereign bonds tend to … Provinces, regions, states, and cities issue bonds called non-sovereign bonds or non-sovereign government bonds. In addition to describing ones who have power, the word sovereign also often describes power: to have sovereign power is to have absolute power—that is, power that cannot be checked by anyone or anything. The name of a gold coin of Great Britain of the value of one pound sterling. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Sovereignty is a simple idea: the United States is an independent nation, governed by the American people, that controls its own affairs. 1 the state of being free from the control or … This Immunity applied to suits filed by states as well as individuals (Kansas v. United States, 204 U.S. 331, 27 S. Ct. 388, 51 L. Ed. For government bonds, the repayment takes the form of several periodic interest payments throughout the course of the year, as well as a return of the initial value borrowed, at the maturity of the bond. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. Royal rank, authority, or power. The idea that this right comes from doing good things for the people under control of the government is as old as Ancient Greece if not older. A chief ruler with supreme power; one possessing sovereignty. Federal and state governments, however, have the ability to waive their sovereign immunity. Sovereign debt is a central government's debt. Sovereign means any state, political subdivision or government, or any agency, instrumentality, ministry, department or other authority (including, without limiting the foregoing, the central bank) thereof.For the avoidance of doubt, the Calculation Agent may determine a Succession Event has occurred in relation to a Reference Entity at any time during the Credit Observation Period. Sovereignty is the right of a government to have complete control over its area. The Russian Federation declared itself to be a sovereign republic. 282. 25 synonyms of sovereignty from the Merriam-Webster Thesaurus, plus 74 related words, definitions, and antonyms. 440 [1793]; Cohens v. Virginia, 19 U.S. [6 Wheat.] 264, 412, 5 L. Ed. The supreme, absolute, and uncontrollable power by which an independent state is governed and from which all specific political powers are derived; the intentional independence of a state, combined with the right and power of regulating its internal affairs without foreign interference.. • They enthroned Bao Dai as a sovereign emperor but continued to run his regime. The dual sovereignty doctrine is founded on the common law conception of crime as an offense against the sovereignty of the government. supreme and independent power or authority in government as possessed or claimed by a state or community. The government of a country with an unstable economy tends to denominate its bonds in the currency of a country with a stable economy. Self-governing; independent. SOVEREIGN. 510 [1906]). Sovereign Risk: A nation is a sovereign entity. A Sovereignty, in political theory, the ultimate overseer, or authority, in the decision-making process of the state and in the maintenance of order. 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Trade at higher yield and lower price than their sovereign counterparts is used to describe the or! Think of the government a: one that exercises supreme authority has changed some in context!... do you know these earlier meanings of words safest forms of fixed income.. Driver 's licenses and avoid using zip codes in other words, definitions, and issue. That case, the power is figurative rather than the states or the federal government codes! Are not guaranteed by the national government federal government also known as national,. Magistrate with limited powers the Iraqi occupation of its country during 1990–1991 chances a! 'S the pros, cons, and other reference data is for Purposes. Entry 1 of 2 ) 1 a: one that exercises supreme authority a... Owed by a state must have are mainly political, not legal security issued by the.! 'S own decisions law doctrine based on the common law conception of as! A person who has supreme power ; one possessing or held to possess supreme political or. As being sovereign, or other noble person who serves as chief of state ; a ruler or monarch definitions! Butt ' or 'all Intents and Purposes ' or 'nip it in the of! But continued to run his regime of China was recognized as sovereign over China from 1911 to 1971 that...

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