ENG
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Bond, short-term (short-term bond)
on
2023/07/21 by
alex1, []
Unless expressly defined otherwise, a debt security with a maturity of between twelve months and five years (bonds with a maturity of between one and five years). 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. […]
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Bond spread
on
2023/07/21 by
alex1, []
Yield premium (also referred to as interest rate premium and risk premium) of – bonds (of companies) with default risk compared with lower-risk bonds (government bonds with top credit ratings, i.e. securities of countries which, in the opinion of investors, are able and willing to repay the loans they have taken out) of the same […]
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Deficit; deficiency, shortcoming
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2023/07/21 by
alex1, []
Cash shortfall, deficit. – Shortfall in revenue: the inflow of money below the forecast (the EX-ANTE financial plan); said in this sense especially in public budgets in relation to the budget. – Shortage in weight: shortage in the weight of a coin. – See decline, wear, defects, defect, depeculation, doublé coin, cat money, coin paradox. […]
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Contract brokerage
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2023/07/21 by
alex1, []
The acquisition and sale of securities, money market instruments or derivatives in the name of a third party for the account of a third party. – In Germany, such service providers are subject to supervision by the Federal Financial Supervisory Authority; see § 32 KWG. – See agent, tied, fee-based advisor, nominee, placement. Attention: The […]
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Letter of intent (LOI)
on
2023/07/21 by
alex1, []
Unless otherwise defined, in the financial market, a bank’s written commitment to participate in an engagement. – See bought deal, co-investment, underwriting, fundrasing, multisourcing, roadshow. 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, […]
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Devaluation, fiscal (fiscal devaluation)
on
2023/07/21 by
alex1, []
An attempt to use the tax system to replicate the effect of a deterioration in the exchange rate in those countries suffering from persistent current account deficits due to the common currency in a currency area. Essentially, this can be achieved by – raising import taxes and – lowering duties on export goods. However, such […]
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Discounted paper
on
2023/07/21 by
alex1, []
A security whose purchase price is determined by discounting the nominal amount to be repaid at a later date to the time of purchase. Only at the end of the term is the interest (and compound interest) paid out together with the redemption. – See annuity bond, compounding bond, commercial paper, federal financing treasury, zero-coupon […]
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Acquirer (also used in German, but with different meanings)
on
2023/07/21 by
alex1, []
A card contract intermediary, namely a company that concludes agreements on accepting cash cards from a card-issuing bank at points of sale (in retail outlets, gas stations, lodging houses, restaurants, car rental agencies, airlines, etc.). As a rule, this is a bank. – A person or business firm that buys shares of a company or […]
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Advanced Measurement Approach, AMA (also used in German; less frequently also
on
2023/07/21 by
alex1, []
fortgeschrittener Messansatz): A tool used by institutions to measure operational risk. This is ultimately based on the bank’s own estimates of capital backing and must be approved by the supervisory authority. – See counterparty credit risk, default, probability of default, backtesting, Herfindahl-Hirschman index, internal ratings-based approach, calibration, credit risk, rating, rating steps, risk measurement, risk […]
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Premium (agio, premium)
on
2023/07/21 by
alex1, []
Generally, a sum to be added to a given amount. – See premium, pagament, allowance, co-payment. 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 https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/