on 2023/07/21 by alex1, []

Bank that puts a card into circulation. – Issuer of a security (any public or private entity that sells securities for the purpose of financing its operations). – See rejection, issuer, authorization, cash clause, community card, computer payment, chip card, disagio, issuer, ATM lock, money, electronic, cash card, interoptability, card, multifunctional, card authentication, account, anonymous, […]

on 2023/07/21 by alex1, []

Generally, the transfer of an amount back by the bank when a payment has been revoked by the customer or a debit has been disputed for other reasons. – In credit card business – the reversal of a credit card transaction, – in which the issuer of the card reclaims a payment from the merchant […]

on 2023/07/21 by alex1, []

In the case of banks, capital management companies and insurance companies, the transfer of operational functions to other companies in Germany or abroad, always with the aim of converting fixed costs into variable costs. – In particular, if a central business area, such as foreign exchange trading or the processing of payment transactions, is outsourced […]

on 2023/07/21 by alex1, []

The central bank’s monetary policy is geared to a single objective, such as maintaining price stability at the ECB. – The central bank’s monetary policy is to be guided without restrictions by a theoretically unambiguous prescription (verifiable scientific specification), solely by a formula that is as strict as possible (unique formula), such as the growth […]

on 2023/07/21 by alex1, []

Monetary policy that is solely or predominantly geared to a specific target, in the case of the ECB practically to the EUR/USD exchange rate. – The ECB rejects such a commitment of its policy because it would limit, if not completely eliminate, the decision-making scope of its internal monetary policy. This is because the central […]

on 2023/07/21 by alex1, []

In an institute – and in an entity in general – jargon for an employee who basically does not consult with colleagues and works toward himself/herself. – See airbag, jack-of-all-trades, behavioral branding, chief copying officer, pressure staff, parachutist, infighting, colleague Harzenmoser, hole, black, mail bomber, self-actualizer, seat heater, talent shortage, tenuSlamper, deadwood, Triple A, turnover […]

on 2023/07/21 by alex1, []

A company in one currency area grants a loan to a company in another currency area in its, i.e. the lender’s, currency, assumed to be CHF. In return, the lending company receives a corresponding amount in the currency of the borrower, assumed USD. After a contractually agreed time, the mutual claims are settled in the […]

on 2023/07/21 by alex1, []

In former times, the fee for the loan of the pall (pall: covering sheet over a coffin), usually colored black or deep purple and often ornately embroidered, which was laid over the coffin during the laying out in the church as well as during the walk to the grave. Attention: The financial encyclopedia is protected […]

on 2023/07/21 by alex1, []

The client requires here that his order is executed completely, in its entirety. If this is not possible, the order expires by itself (order type for a broker to execute a trade only if every portion of an order can be filled in its entirety, or else not at all). – See execution, automatic, execution, […]

on 2023/07/21 by alex1, []

In the broadest sense, any outflow of cash from the treasury of an economic entity – household, business, public agency – regardless of the purpose, such as purchase of goods and services, loan, tax payment, or donation. The opposite of expenditure is revenue. – Monetary payments – i.e. payments – of public budgets according to […]