ENG
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Share redemption
on
2023/07/21 by
alex1, []
In Germany, capital management companies are generally required to redeem issued share certificates at the market price. However, a company may suspend redemption for a maximum of two years if bank balances (cash at bank) and other liquidity are insufficient to pay the redemption price and ensure proper ongoing management („red alert“). For the first […]
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Down payment in older documents also indication, Akontierung and Pränumeration (prepayment, pay on account, cash down, downpayment)
on
2023/07/21 by
alex1, []
Unless otherwise defined, this is understood to mean – a customary and therefore agreed or – of its own accord, voluntarily – made in advance – payment within the framework of a contractual relationship; see also §§ 336 et seq. BGB. – See deposit, down payment guarantee, cash payment, payment procedure, innovative, bullet payment, claim, […]
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Apparatus duty and apparatus tax
on
2023/07/21 by
alex1, []
In older documents, a tax that brewers had to pay. The tax was based on the volume of the brewing vessels, either as a mash tun tax according to the capacity of the mash tuns, or as a boiler tax according to the size of the boilers. Attention: The financial encyclopedia is protected by copyright […]
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The number of persons available for work in a given economy
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2023/07/21 by
alex1, []
All persons who are available to the labor market within an economy. – The level of the labor force potential is important for the long-term analysis of the financial market and is therefore also forecast by the central banks. With regard to the European Monetary Union, the potential labor force is declining due to demographic […]
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Unemployment benefit [CH
on
2023/07/21 by
alex1, []
Arbeitslosenentschädigung] (unemployment pay, out-of-work benefits, dole): Generally, the transfer of payment funds to the unemployed (money given to the unemployed by the government or a compulsory para-governmental insurance system). – In Germany, unemployment assistance and social assistance have been combined under this name (Arbeitslosengeld II, abbreviated to ALG II) since the beginning of 2005. – […]
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Area duty
on
2023/07/21 by
alex1, []
In older documents, a tax levied in some German territorial states according to the area planted with tobacco. This tax was rightly objected to. It did not take into account the quality of the tobacco grown or the crop yields. In many respects, a levy on ready-to-consume tobacco products is a better way to go […]
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Theory of insurance
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2023/07/21 by
alex1, []
Taxes levied by the state on households and firms are a premium, as it were, for the fact that the state protects the payers and enables them to earn income. – See equivalence theory. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor […]
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Asset management and asset management (so also in German)
on
2023/07/21 by
alex1, []
The management of a company’s assets from an accounting and tax perspective. – In a bank, a division that – for private customers, institutional investors as well as for public bodies – selects, procures and also manages on the shelf the – appropriate investments from among many options, such as stocks, bonds, real estate, hedge […]
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Information requirements (suitability check[ing])
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2023/07/21 by
alex1, []
Banks in Germany are required to inform investors of the associated risks prior to the purchase of financial futures transactions and to require a signature on a corresponding document. The legal basis for this is Section 37d of the German Securities Trading Act (WpHG). – See Investor Information Obligation, Derivatives Information Obligation, Derivatives Code, Editionsgebot, […]
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Annuity (quasi-rent)
on
2023/07/21 by
alex1, []
Generally, any contract that provides a regular stream of income in return for an initial payment. – In the case of an investment, the sum of the (annual) repayment portion and the interest rate. – Interest plus repayment; generally payments of a constant amount made at equal intervals over a specified term at the beginning […]