on 2023/07/21 by alex1, []

Special tax introduced in Germany after the Thirty Years‘ War (1618-1648) to replenish the manorial coffers and payable in cash, which persisted in some territorial states until the 19th century. The tax was levied mainly on changes of ownership of real estate and business assets. – See exemption money, service money, dispensation money, mutton money, […]

on 2023/07/21 by alex1, []

The total amount of cash and non-cash benefits paid by employers to employees divided by the total number of employees. In addition to gross wages and salaries, it includes bonuses, overtime payments and employers‘ social security contributions. This figure is carefully monitored by the central bank, as it can be used to draw conclusions about […]

on 2023/07/21 by alex1, []

Earlier form of welfare aid as assistance for subsistence (living). This involved payments by the parish or political community to persons who could not (or could no longer) support themselves out of their own resources (almsmen; poverty-stricken persons, almsmen and almswomen). – Cash payment to feed the poor. In Europe, various methods were used to […]

on 2023/07/21 by alex1, []

Bundled services provided by a bank that acts as arranger and also performs other, more comprehensive activities for this customer. Depending on the contractual agreement, these range from the management of the cash flow – i.e. all outgoing and incoming payments and thus overall responsibility for the company’s financial management – to advice on legal […]

on 2023/07/21 by alex1, []

Asset-backed securities that themselves invest in parts of other asset-backed bonds. Such nested securitized securities have been repeatedly rebuked by regulators for the sheer distance between the investor and the underlying risks. Because of the difficulties in managing the risk of such securities, and also in view of the fact that rating agencies gave ABS […]

on 2023/07/21 by alex1, []

In older financial language, a person – who appraises the value of assets, an appraiser, or – an expert who calculates the cost of a project (one who is competent of predicting the probable costs of a project); a precalculator. 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, a period during which demanders – investors, borrowers, speculators – hold back on orders for the time being. Their expectations are directed toward more favorable market conditions, such as a better state of the international financial markets, as was occasionally the case during the subprime crisis; or also toward possible interest […]

on 2023/07/21 by alex1, []

In former times, the regular payment of the members of a guild into the guild treasury. – Coins that were occasionally given to the couple – i.e. the bride and groom – by the wedding guests, also called bride’s table money, wedding money, wedding guilders and similar. – See „Annehmungsgeld“, „Fahnengeld“, „Hielichgeld“, „Hochzeitstischsteuer“, „Innungsgeld“, „Pfeffergeld“, […]

on 2023/07/21 by alex1, []

Unless otherwise defined, this refers to on-site inspections by the supervisory authority, either – on the initiative of the institution: the institution requests an inspection from the supervisory authority because circumstances within the institution require it, – on the initiative of the supervisory authority: the supervisory authority is prompted to carry out an inspection because […]

on 2023/07/21 by alex1, []

Unless otherwise defined in financial terminology, to allocate costs, fees, premiums, etc. between buyer and seller on the basis of proportional distribution; in general, to divide a sum of money proportionately. – See Banking Supervision, European, Fees. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express […]