on 2023/07/21 by alex1, []

The acceptance of a bill of exchange debt by the drawee. By signing, he legally becomes the acceptor (acceptor, in older documents also corresponsal) with the obligation to pay the amount of the bill when due; in older documents also called acceptance. – A bill of exchange accepted by the bank. The customer usually discounts […]

on 2023/07/21 by alex1, []

A freely given personal gift (usually in money) to someone in need. – Today, the word and the cause have fallen into disrepute, mainly because – alms given voluntarily are seen as a contrast to legally regulated welfare aid, and – alms generate or promote mendicancy and idleness among the poor, as well as a […]

on 2023/07/21 by alex1, []

The ratio of citizens aged 65 and older to people of working age (15 to 64). – In Euroland, the ratio will change from around 25 percent at present (year 2010) to over 50 percent in 2050. This means that there will be a considerable increase in the burden on the active labor force to […]

on 2023/07/21 by alex1, []

(Gold) coins widely used throughout Europe around 900 from the ancient maritime republic of Amalfi, now a coastal town in Campania (western southern Italy). Amalfi was, along with Venice, the most important port for maritime shipping; the maritime trade courts that still exist in many countries today, as well as the modern compass, trace their […]

on 2023/07/21 by alex1, []

A cash fee paid by a foreign ship for permission to moor in a port. In contrast to port money, which was paid for the use of port installations, anchorage money was seen as a kind of entrance fee for entering a foreign country. The anchor money therefore regularly went to the state treasury (chamber), […]

on 2023/07/21 by alex1, []

All tangible, physical property, such as buildings, machinery, or business equipment (tangible, physical, real property, including durable goods, equipment, buildings, installations, and land) and then corresponding to the term fixed assets. – See fixed assets, investment, capital, assets, asset, negative. Securities. Attention: The financial encyclopedia is protected by copyright and may only be used for […]

on 2023/07/21 by alex1, []

Guidelines that are established when building up assets according to the requirements of security, risk diversification, value preservation, profit generation, return and any other objectives, such as sustainability (the guiding principle that governs how funds are invested and managed). – See investment, ethical, investment fund, sustainability fund. Attention: The financial encyclopedia is protected by copyright […]

on 2023/07/21 by alex1, []

In contrast to means of payment, a piece of money that is traded – at its respective price for the weight of precious metal or – at its collector’s value. – See coin, numismatics. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor […]

on 2023/07/21 by alex1, []

A possible loss from converting one’s money into one asset or into several assets. Such a risk of loss (risk of losing) always exists, with every kind of investment; it is to be attributed to the circumstance that one transfers in principle by the activity of the investment existing means of payment from the own […]

on 2023/07/21 by alex1, []

Investors noticeably withdraw money from a weak currency and park it in a strong currency. – Before entry into the European Monetary Union, periods of USD weakness were regularly associated with shifts in favor of the DEM. The resulting appreciation of the DEM caused considerable tensions within the European Monetary System, sometimes resulting in a […]