ENG
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          Sanctuary light fee
           on 
            2023/07/21 by 
            alex1, []
            
Former fee for the maintenance of the hanging lamp (= traffic light; from AMPULLA = oil vessel, oil light) at the altar in front of the tabernacle in (Catholic and Orthodox) churches (eternal light; sanctuary lamp). – See candle money, mass money. Attention: The financial encyclopedia is protected by copyright and may only be used […]
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          Institutional investors
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            2023/07/21 by 
            alex1, []
            
Entities with – high and mostly steady investment requirements (investment requirements, demand for investments), mainly corporate funds, capital management companies, insurance companies, pension funds and larger foundations; these traditionally also feed the private equity funds (entities as corporate funds, pension funds, insurance companies, charitable foundations, mutual funds and other non-bank financial institutions: they often are […]
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          Indulgence fee
           on 
            2023/07/21 by 
            alex1, []
            
The unchallenged principle in criminal law, according to which, in addition to punishment – for example, for theft – there must also be reparation – in this case, the return of the stolen property to the owner – found its way into Christian theology early on. A sin as the culpable contravention of a commandment […]
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          Payment on account (advance payment)
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            2023/07/21 by 
            alex1, []
            
Pursuant to Section 632a of the German Civil Code (BGB), payment for a service rendered in accordance with the contract, as a result of which the recipient of the service receives an increase in value. Such cash transfers are common in the area of private households and companies, especially in the supply of electricity and […]
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          ABS fund
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            2023/07/21 by 
            alex1, []
            
Special assets of a capital management company that has invested all or a very high proportion of its assets in asset-backed securities. – In the course of the subprime crisis, individual ABS funds suffered noticeable losses in value. The losses of individual funds (as a comparison between peak and trough in 2007) amounted to more […]
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          Churn rate. The number of customers a company loses over a specific period of time
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            2023/07/21 by 
            alex1, []
            
In general, the number of customers a company loses in a specific period (in its broadest sense: the number of customers moving out over a specific period of time). – In the case of a bank or insurance company, the percentage of clients who, upon expiry of their contract, decide not to be in contact […]
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          Settlement date
           on 
            2023/07/21 by 
            alex1, []
            
At the ECB, the date on which a transaction is executed. – Settlement may take place on the same day (same-day settlement) or one or more days after the trade (settlement date is defined as trade date T plus time to settlement). – See trade date. Attention: The financial encyclopedia is protected by copyright and […]
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          Accounting Regulatory Committee, ARC
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            2023/07/21 by 
            alex1, []
            
Committee of representatives of the EU member states; chaired by the European Commission. Its task is to advise the Commission on matters relating to international accounting regulations. – Cf. ECB Monthly Bulletin, February 2004, p. 77 ff. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express […]
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          Adjection
           on 
            2023/07/21 by 
            alex1, []
            
In older documents, the addition to an amount of money (money added to an amount), usually in connection with contract negotiations and auctions. – See action. 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 […]
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          Agency theory
           on 
            2023/07/21 by 
            alex1, []
            
Thought-out proposals aimed at coordinating the intentions of the executives – the management, the agency – of a bank or, more generally, of a company – with regard to financing (narrower concept) – with regard to the management of the company as a whole and – sometimes particularly emphasized in this context: of the workforce […]