Sovereignty is a political concept that refers to dominant power or supreme authority. A king, queen, or other noble person who serves as chief of state; a ruler or monarch. 'All Intensive Purposes' or 'All Intents and Purposes'? 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 free stresses the complete absence of external rule and the full right to make all of one's own decisions. Please tell us where you read or heard it (including the quote, if possible). supreme and independent power or authority in government as possessed or claimed by a state or community. Any risk arising on chances of a government failing to make debt repayments or not honouring a loan agreement is a sovereign risk. (q.v.) the status, dominion, power, or authority of a sovereign;royal rank or position; royalty. 1 the state of being free from the control or … sovereign2 ●○○ adjective 1 having the highest power in a country sovereign power/control 2 Definition There is no rule to say what exactly makes a state. Definition of sovereign. A sovereign state is a political entity that is represented by one centralized government that has sovereignty over a geographic area. Royal rank, authority, or power. SOVEREIGN, Eng. 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.] So many legal scholars prefer to think of the citizens as being sovereign rather than the states or the federal government. 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. Sovereign can also be a synonym of supreme as in "of the most exalted kind." ties 1. 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. 510 [1906]). Self-governing; independent. A sovereign bond is a debt security issued by a national government. 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. However, non-sovereign bonds usually trade at higher yield and lower price than their sovereign counterparts. eign. The Czechs and the Poles were seen as separate states during World War I, even though they did not exist as states yet. • They enthroned Bao Dai as a sovereign emperor but continued to run his regime. 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.. 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. A chief ruler with supreme power; one possessing sovereignty. Delivered to your inbox! 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 dual sovereignty doctrine is founded on the common law conception of crime as an offense against the sovereignty of the government. In the United States the sovereignty resides in the body of the people. law. 2. Still, the default rates for non-sovereign bonds are low and their credit ratings are relatively high. 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. Here's the pros, cons, and rankings. The government of Kuwait was in a similar situation vis-à-vis the Iraqi occupation of its country during 1990–1991. 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. b. 3. countable noun A sovereign is a king, queen, or other royal ruler of a country. In that case, the power is figurative rather than literal. Nations and states are also sometimes described as "sovereign." A sovereign loan is a … 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. Sovereignty, in political theory, the ultimate overseer, or authority, in the decision-making process of the state and in the maintenance of order. [33] The government of Republic of China was recognized as sovereign over China from 1911 to 1971 despite that its separate and sovereign armed services autonomous stresses independence in matters pertaining to self-government. 264, 412, 5 L. Ed. free, independent, sovereign, autonomous mean not subject to the rule or control of another. Members often refuse to hold social security cards or driver's licenses and avoid using zip codes. Sovereign power will continue to lie with the Supreme People's Assembly. 2 : any of various gold coins of the United Kingdom. ties. (adjective) A sovereign state. c : an acknowledged leader : arbiter. What made you want to look up sovereign? 257 [1821]). (sŏv′ər-ĭn, sŏv′rĭn) n. 1. 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. '” Related Legal Terms and Issues A king is an example of someone with sovereign powers. L.C. Provinces, regions, states, and cities issue bonds called non-sovereign bonds or non-sovereign government bonds. 2. 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. 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. Sovereign citizen is a term used to refer to a political movement which grew out of a belief in government abuses of power. Sovereignty. Sovereign debt, also known as national debt, is the debt a country owes to its foreign and domestic creditors. In modern democracies, sovereign power rests with the people and is exercised through representative bodies such as Congress or Parliament. The government of a country with an unstable economy tends to denominate its bonds in the currency of a country with a stable economy. The reason is that a government can print more mon… The Russian Federation declared itself to be a sovereign republic. Find another word for sovereignty. 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. 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. One that exercises supreme, permanent authority, especially in a nation or other governmental unit, as: a. b : one that exercises supreme authority within a limited sphere. This means that they have power over themselves; their government is under their own control, rather than under the control of an outside authority. Sovereign debt (sovereign credit) is the money owed by a country's government to its creditors. Sovereign bond yield is the interest rate paid on a government (sovereign) bond. 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 Risk: A nation is a sovereign entity. Non-sovereign bonds are not guaranteed by the national government. Sovereign Bond: A sovereign bond is a specific debt instrument issued by the government. Sovereign is used to describe the person or institution that has the highest power in a country. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. It often describes a person who has supreme power or authority, such as a king or queen. Plus the Latinate English suffix -ty.. The United States is a sovereign nation. in this denomination each congregation is regarded as autonomous. 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. A daily challenge for crossword fanatics. 3. A having supreme rank, power, or authority. Usually, the things a state must have are mainly political, not legal. 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. It is debt issued by the national government in a foreign currency in order to finance the issuing country's growth and development. Slippery Words Quiz—Changing with the Times. the quality or state of being sovereign, or of having supreme power or authority. How to use a word that (literally) drives some pe... Do you know these earlier meanings of words? 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. “Sovereign.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/sovereign. Send us feedback. 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'. , definitions, and other reference data is for informational Purposes only lie with people!, 19 U.S. [ 6 Wheat. god is described as `` sovereign '' in a foreign currency in to. 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