on 2023/07/21 by alex1, []

The suitability of a banknote – in terms of material and substance (quality) and – in terms of legitimacy (legitimacy, authenticity) – to perform its tasks in payment transactions. – See banknote management, validation, bridge Abney phenomenon, counterfeit protection, window money, secondary currency, security strip. – Cf. ECB Monthly Bulletin, October 2007, p. 111 ff. […]

on 2023/07/21 by alex1, []

Special form of convertible bond. In the case of a convertible bond, the investor is granted the right to exchange it for shares in the issuer at a fixed ratio. In the case of a convertible bond – also known as an exchangeable bond – on the other hand, the issuer grants the investor the […]

on 2023/07/21 by alex1, []

In commodity futures markets, the stockpile of merchandise from the preceding harvest or production period. – See option, commercial, commodity futures contract. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: […]

on 2023/07/21 by alex1, []

a procedure of the International Monetary Fund aimed at settling the foreign currency liabilities of over-indebted countries vis-à-vis private creditors. – See London Club, Prague Proclamation, debt restructuring. – Cf. 2002 Annual Report of the Deutsche Bundesbank, pp. 105 ff. Attention: The financial encyclopedia is protected by copyright and may only be used for private […]

on 2023/07/21 by alex1, []

In the financial market, the empirically verifiable fact that disturbances in one market segment, such as defaults on consumer loans, have an impact on other areas, even on the market for mortgage bonds, which is crisis-proof due to its strict cover requirements. This is justified by changes in behavior in an agitated market environment (state […]

on 2023/07/21 by alex1, []

In the case of means of payment, a measure of how often a unit of currency turns over [is spent] in a definite period of time in relation to the supply of goods. An increase ultimately has the same effect as an increase in the money supply. The central banks therefore monitor the velocity of […]

on 2023/07/21 by alex1, []

A loan extended by a company to a newly hired employee who is moving to the place of employment; often with the purpose of enabling the employee to purchase residential property on the spot (a credit that is provided to relocating or transferring employees; companies make these loans available to ease the process of moving […]

on 2023/07/21 by alex1, []

In connection with the purchase of government bonds of highly indebted members of the EMU by the ECB. – This is because the taxpayers of the efficient member states have to pay for the junk securities taken over in the course of the ECB’s fall from grace. This reduces their real income. – However, this […]

on 2023/07/21 by alex1, []

In the financial sphere, a document required when dealing with certain assets (a legal document used to transfer the legal ownership in some assets). – See manzipation, mortification, registered securities, certificate. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, […]

on 2023/07/21 by alex1, []

The rates irrevocably fixed on January 1, 1999, between the EUR and the currencies of the Member States that adopted the EUR. – Rates officially set by the tax authorities for companies and individuals earning their income in foreign currencies. Attention: The financial encyclopedia is protected by copyright and may only be used for private […]