on 2023/07/21 by alex1, []

In the financial sector, the payment of employees. After the financial crisis that followed the subprime crisis, there was a call for compensation to be based on the risk taken and the sustained success of the business. In addition, business failures should also be taken into account. – In April 2009, the Financial Stability Board […]

on 2023/07/21 by alex1, []

The amount payable when an option is extended beyond the original contract date and is extended through a subsequent contract (a premium paid when a buyer continues an option through a second option contract on extension date of the original contract). – Payment made by the owner of a compound option to the owner of […]

on 2023/07/21 by alex1, []

In ECB terminology, a contractual and technical arrangement whereby securities can be appropriately transferred between two securities settlement systems that are not directly linked via a third system acting as an intermediary. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard […]

on 2023/07/21 by alex1, []

An account set up for a specific purpose and funded by regular deposits (savings account offered by a financial institution to investors looking to save for particular purpose). This also includes – which the name does not initially suggest – an account set up by an individual for this purpose, e.g. to cover expenses during […]

on 2023/07/21 by alex1, []

An event in which people are injured or even killed and/or property is damaged as a result of driving on public roads. – From the point of view of national accounts, traffic accidents increase the national product and thus prosperity. This is because statistically, services in connection with an accident, such as the deployment of […]

on 2023/07/21 by alex1, []

In earlier times, this was a tax imposed on the propertyless inhabitants of a village (citizens without full political rights; Insten, Einsassen, Inleute), who usually worked as day laborers (Tagner, Tauner, Losmann, Lidl, Diurnist, Diëtarius and Diëist: this always refers to unskilled workers; although craftsmen also sometimes worked for a day wage, they were not […]

on 2023/07/21 by alex1, []

In the case of a life insurance policy, the automatic lapse under the terms of the policy if the policy owner falls behind with the premium (the termination of an insurance policy because of the owner of the policy failing to pay the premium within the grace period [commonly within 30 days after the last […]

on 2023/07/21 by alex1, []

Primarily used in connection with real estate. It is understood to mean the price which – at the time to which the determination relates – could be obtained in the course of business on the basis of the legal circumstances and actual characteristics, – the other properties and – the location of the property or […]

on 2023/07/21 by alex1, []

Generally, the conversion of non-marketable assets of any kind into tradable securities (the process of converting nontradable assets into tradable securities.). – Banks bundle receivables from loans extended into debt securities that are sold to investors. – Banks issue certificates for foreign shares not listed on the domestic stock exchange, thereby making them tradable on […]

on 2023/07/21 by alex1, []

Under IFRS 9, the probability of occurrence of risks of all types must be recognized over the entire term. The new rule applies not only to banks, but also to impairments of any financial instruments carried at cost, regardless of the industry. This forces the prompt recognition of risk provisions, because the expected cash flow […]