The Language of Money 3
This revised edition provides a guide through the maze of financial language for everyone, from the financial executive to the small investor and the student of economics. It includes 500 new terms enabling readers to understand changes being wrought by rapidly- evolving financial markets.
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Abbrev agreement amount annuity assets Association Australian Securities Commission Australian Stock Exchange bill of exchange bonds borrower buyer call option capital cash cent central bank cheque Clearing House client Commission commodity commonwealth company's corporate cost countries currency debt deposit discount dividend earnings economic economists equity example exchange rates exports face value federal financial institutions financial markets foreign foreign-exchange funds futures contract futures market gold hedge holder income industry inflation Inter Bank interest rates interest-rate swap investors issued lease lender lending liability loan margin maturity ment merchant banks monetary money market mortgage operating option an option option spread organisation paid payments portfolio profit put option repurchase agreement Reserve Bank risk securities sell seller settlement shareholders shares spread Stock Exchange strike price superannuation Sydney Futures Exchange term trading transactions treasury trust usually yield curve
Page 33 - A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time a sum certain in money to or to the order of a specified person, or to bearer.
Page 38 - International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD, or World Bank).
Page 2 - An accommodation party is one who has signed the instrument as maker, drawer, acceptor, or indorser, without receiving value therefor, and for the purpose of lending his name to some other person. Such a person is liable on the instrument to a holder for value, notwithstanding such holder at the time of taking the instrument knew him to be only an accommodation party.
Page 278 - Regression analysis aims to summarise the relationship between a 'dependent' variable and one or more 'independent
Page 170 - Neither shall the holder of land or other property who may have taken the same in good faith, without notice of any defect in the title of the person from whom the same was taken, growing out of a violation of the liquor law, be affected by the above provision.
Page 352 - Zero coupon bonds are issued by government agencies, corporations, and banks at a price substantially below the face value. The difference between the purchase price and the face value...
Page 76 - Eastern importer) with deliveries (eg, technology, know-how, finished products, machinery and equipment) and contractually agrees to purchase goods from the buyer equal to an agreed-upon percentage of the original sales contract value.
Page 85 - A currency option is a contract that gives the purchaser the right (but not the obligation) to buy or sell a currency at a predetermined price (exchange rate) sometime in the future.
Page 177 - Indirect taxes are taxes chargeable to the costs of production of industries, producers of government services, and producers of private nonprofit services to households in respect of the production, sale, purchase, or use of goods and services.
Page 309 - Disraeli once said there are three kinds of lies: lies; damned lies; and statistics.