HomeDefinitionsCompareDebt Act of state doctrineThe financial definition for Act of state doctrine:This doctrine says that a nation is sovereign within its own borders, and its domestic actions may not be questioned in the courts of another nation. Similar MatchesDoctrine of sovereign immunityDoctrine of sovereign immunityPrinciple that a nation may not be tried in another country without its consent. Mutual exclusion doctrineMutual exclusion doctrineThe doctrine that ruled that municipal bond interest is federal tax-free. In return for this federal tax exemption, states and localities cannot tax interest generated by federal government securities. Click to compare definitions of Act of state doctrine Click to view definitions beginning ac |