The Czechs and the Poles were seen as separate states during World War I, even though they did not exist as states yet. Royal rank, authority, or power. Learn a new word every day. 282. They can be denominated in both foreign and domestic currency. Sovereign has everything to do with power. 510 [1906]). Definition of sovereign. Sovereign bond yield is the interest rate paid on a government (sovereign) bond. The United States is a sovereign nation. 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. 3. This means that they have power over themselves; their government is under their own control, rather than under the control of an outside authority. Sovereignty is a political concept that refers to dominant power or supreme authority. Government bonds are considered one of the safest forms of fixed income securities. These example sentences are selected automatically from various online news sources to reflect current usage of the word 'sovereign.' SOVEREIGN, Eng. This political principle is known as popular sovereignty . Nations and states are also sometimes described as "sovereign." Both stem from a government's The Russian Federation declared itself to be a sovereign republic. No contract can absolutely restrain a sovereign power. What made you want to look up sovereign? 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. The reason is that a government can print more mon… 'All Intensive Purposes' or 'All Intents and Purposes'? 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. It often describes a person who has supreme power or authority, such as a king or queen. … The exact meaning of Sovereignty has changed some in the past. Macquarie Government is proudly owned and operated by Australians. the quality or state of being sovereign, or of having supreme power or authority. 'Nip it in the butt' or 'Nip it in the bud'. Slippery Words Quiz—Changing with the Times. 25 synonyms of sovereignty from the Merriam-Webster Thesaurus, plus 74 related words, definitions, and antonyms. Test your knowledge - and maybe learn something along the way. Sovereign can also be a synonym of supreme as in "of the most exalted kind." Inst. Accessed 25 Jan. 2021. In other words, it is the rate of interest at which a national government can borrow. Supremacy of authority or rule as exercised by a sovereign or sovereign state. 257 [1821]). 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. having supreme rank, power, or authority. supreme; preeminent; indisputable: a sovereign right. 3. countable noun A sovereign is a king, queen, or other royal ruler of a country. A king, queen, or other noble person who serves as chief of state; a ruler or monarch. (q.v.) 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 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. 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. 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. • The sovereign courts' traditional preeminence within the government was vanishing too. 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. A king is an example of someone with sovereign powers. 264, 412, 5 L. Ed. supreme and independent power or authority in government as possessed or claimed by a state or community. 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. It is debt issued by the national government in a foreign currency in order to finance the issuing country's growth and development. In a monarchy, supreme power resides in the "sovereign", or king. One that exercises supreme, permanent authority, especially in a nation or other governmental unit, as: a. e. the capacity to enter into relations with other sovereign states. The value that is most important to a company is an example of something sovereign. Any risk arising on chances of a government failing to make debt repayments or not honouring a loan agreement is a sovereign risk. 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. Plus the Latinate English suffix -ty.. A daily challenge for crossword fanatics. 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. The dual sovereignty doctrine is founded on the common law conception of crime as an offense against the sovereignty of the government. Sovereign is used to describe the person or institution that has the highest power in a country. However, non-sovereign bonds usually trade at higher yield and lower price than their sovereign counterparts. (Entry 1 of 2) 1 a : one possessing or held to possess supreme political power or sovereignty. Usually, the things a state must have are mainly political, not legal. Delivered to your inbox! 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. 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. A sovereign state is a political entity that is represented by one centralized government that has sovereignty over a geographic area. How to use a word that (literally) drives some pe... Do you know these earlier meanings of words? Sovereignty is the right of a government to have complete control over its area. 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'. '” Related Legal Terms and Issues A sovereign loan is a … 1 the state of being free from the control or … A chief ruler with supreme power; one possessing sovereignty. b. It is also applied to a king or other magistrate with limited powers. Definition There is no rule to say what exactly makes a state. free, independent, sovereign, autonomous mean not subject to the rule or control of another. Still, the default rates for non-sovereign bonds are low and their credit ratings are relatively high. 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. The name of a gold coin of Great Britain of the value of one pound sterling. free stresses the complete absence of external rule and the full right to make all of one's own decisions. Non-sovereign bonds are not guaranteed by the national government. (adjective) A sovereign state. What does sovereign mean? 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 (noun) From Old French soverain, from Vulgar Latin root *superÄ nus (cf. sovereign2 ●○○ adjective 1 having the highest power in a country sovereign power/control 2 In the United States the sovereignty resides in the body of the people. c : an acknowledged leader : arbiter. in this denomination each congregation is regarded as autonomous. The federal government did this when it passed the Federal Tort Claims Act, which waived federal immunity for numerous types of torts claims. •Obligations to supranationals, such as the International Monetary Fund (IMF) or the World Bank. 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. 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. •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 Risk: A nation is a sovereign entity. Royal rank, authority, or power. Vide Rutherf. It falls into two categories: debt held by the public and intragovernmental. Sovereignty means that the United States is a free and independent country. Find another word for sovereignty. ties 1. For you know that when your faith is tested, your endurance has a chance to grow. belonging to or characteristic of a sovereign or sovereign authority; royal. 2 : any of various gold coins of the United Kingdom. 419, 478, 1 L. Ed. eign. 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. Sovereign citizen is a term used to refer to a political movement which grew out of a belief in government abuses of power. (sŏv′ər-ĭn, sŏv′rĭn) n. 1. Send us feedback. A sovereign state is a political entity that is represented by one centralized government that has sovereignty over a geographic area. God is described as "sovereign" in a number of Bible translations. Sovereign debt (sovereign credit) is the money owed by a country's government to its creditors. A national governing council or committee. Sovereignty is a simple idea: the United States is an independent nation, governed by the American people, that controls its own affairs. Please tell us where you read or heard it (including the quote, if possible). 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. Sovereign Exploration Associates International, Inc. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. 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. “Sovereign.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/sovereign. 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. 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. 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. • New agencies and new officials were created to discharge political and economic duties formerly assigned to the sovereign courts. In modern democracies, sovereign power rests with the people and is exercised through representative bodies such as Congress or Parliament. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! Sovereign immunity was derived from British common law doctrine based on the idea that the King could do no wrong. 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. Here's the pros, cons, and rankings. 2. Sovereignty. the status, dominion, power, or authority of a sovereign;royal rank or position; royalty. 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.. 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. Sovereign debt is a central government's debt. • They enthroned Bao Dai as a sovereign emperor but continued to run his regime. In the context of global politics, a sovereign government is a government that operates its own independent nation without interference from foreign powers. The government of Kuwait was in a similar situation vis-à-vis the Iraqi occupation of its country during 1990–1991. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. 2. 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. 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. Because of default risk, sovereign bonds tend to … Members often refuse to hold social security cards or driver's licenses and avoid using zip codes. law. Self-governing; independent. ties. A separate and sovereign armed services autonomous stresses independence in matters pertaining to self-government. 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. SOVEREIGN. Sovereignty, in political theory, the ultimate overseer, or authority, in the decision-making process of the state and in the maintenance of order. Sovereign Bond: A sovereign bond is a specific debt instrument issued by the government. 440 [1793]; Cohens v. Virginia, 19 U.S. [6 Wheat.] b : one that exercises supreme authority within a limited sphere. 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. Sovereign power will continue to lie with the Supreme People's Assembly. International law defines sovereign states as having a permanent population, defined territory, one government and the capacity to … [33] The government of Republic of China was recognized as sovereign over China from 1911 to 1971 despite that its A sovereign bond is a debt security issued by a national government. 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.] Italian sovrano, Spanish soberano) from Latin super (“above" ). Sovereign debt, also known as national debt, is the debt a country owes to its foreign and domestic creditors. What does sovereignty mean? So many legal scholars prefer to think of the citizens as being sovereign rather than the states or the federal government. L.C. In that case, the power is figurative rather than literal. Federal and state governments, however, have the ability to waive their sovereign immunity. 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