on 2023/07/21 by alex1, []

One who draws (trassiert; draws) a bill of exchange on someone; the bill creditor. – See drawee, not address, trassant. 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: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk […]

on 2023/07/21 by alex1, []

At a bank, the delivery of cash to a customer from the customer’s account at a teller’s counter. In this case, it is also referred to as withdrawal. – The handing over of cash at a store checkout by charging the customer card or credit card presented. Even if only fractional amounts are paid out […]

on 2023/07/21 by alex1, []

background area): Divisions of a financial institution that perform work out of sight of customers; this includes all written confirmation and settlement of business dealings, record keeping, accounting and regulatory compliance, including the processing of payment transactions and securities business. Since about 2000, there has been an increasing tendency worldwide to outsource these activities, which […]

on 2023/07/21 by alex1, []

In relation to the stock exchange, a confirmed credit line that can be drawn in the event of insufficient market liquidity of a financial instrument. It thus ensures liquidity at all times in the sense of the solvency of an exchange participant (commitment to lend intended to take place if insufficient market liquidity causes difficulties […]

on 2023/07/21 by alex1, []

The lenders of a company in general and of an institution in particular share any losses. – In the event of sovereign default, the creditors assume the (foreign) debts of the insolvent country according to a certain distribution key (basis of apportionment). – Direct assumption of losses of a troubled institution set up in the […]

on 2023/07/21 by alex1, []

In a fixed exchange rate system – such as ERM II – central banks are obliged to secure the exchange rate of the currency as soon as it reaches an upper or lower limit set by contract. Within these bands, the exchange rate is formed according to the scarcity conditions on the market (actual scarcity […]

on 2023/07/21 by alex1, []

Fee charged to the purchaser of a share certificate of a newly issued security and, in particular, of a newly launched fund. – See premium, all-in fee, surcharge, issue price, issue, discount. 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, []

The assumption that an amount of money spent by the government stimulates a multiple of private economic output because citizens keep the money rolling in the cycle. – However, it has been shown many times that the multiplier is often very small, even less than one. More precisely, this means that government spending programs (government […]

on 2023/07/21 by alex1, []

Every human being is subject to the rhythm of nature: he has to sleep, drink and eat repetitively. In the human existence lies an attachment, a compulsive bondage (existential dependence) to the goods. To explain this bondage is not a matter of economics, but of theology or philosophy. – For economics it follows from this […]

on 2023/07/21 by alex1, []

Unless otherwise defined, this refers to the sale of treasury shares in a subsidiary established primarily for this purpose (the selling of treasury shares in a subsidiary; this is often preceded by the actual creation of the subsidiary). According to the 1998 Law on Control and Transparency in the Corporate Sector, companies may acquire a […]