Univ.-Prof. Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.A sum of money that a company pays to someone who moves to a new area in order to work for the company. (a sum of money that a company pays to someone who moves to a new area in order to work for the company. – See Relocation allowance, Allowance. Attention: The financial encyclopedia… read more »
A jargon, but unofficial, term for a bank from which a customer cannot withdraw cash from his or her account. Such companies are generally prohibited under Section 3 № 3 of the German Banking Act (KWG). It is irrelevant whether the business is conducted on a commercial basis or not. Nor is any scope of… read more »
The possibility that revenues from the sale of goods or, in the case of a bank, revenues from services provided will fall, contrary to internal forecasts and planning. – Measure indicating the extent to which a company’s revenues are affected by changes in the market as a whole, and especially in the business cycle. –… read more »
After 2010, this term was also used in financial jargon to describe expected events whose exact direct and indirect impact on the economic cycle and especially on the financial market can hardly be estimated. The term is used primarily in a negative sense, and in particular with reference to the possible sovereign default of EMU… read more »
Economic entities that do not have an account with a bank (persons not served by a bank). According to estimates in the USA, around 23 million private households had no bank account at the beginning of 2010. The majority were welfare recipients. The social welfare administration has to send them assistance by (cash) check via… read more »
A loan extended by a company to a newly hired employee who is moving to the place of employment; often with the purpose of enabling the employee to purchase residential property on the spot (a credit that is provided to relocating or transferring employees; companies make these loans available to ease the process of moving… read more »
According to the definition in § 2 of the German “Verordnung zur Konkretisierung des Verbots der Kurs- und Marktmanipulation (KuMaKV)” of November 18, 2003, this includes – all facts and value judgments that are capable of – influencing the investment decision of a reasonable investor with average knowledge of the stock exchange. The aforementioned regulation… read more »
Special form of convertible bond. In the case of a convertible bond, the investor is granted the right to exchange it for shares in the issuer at a fixed ratio. In the case of a convertible bond – also known as an exchangeable bond – on the other hand, the issuer grants the investor the… read more »
In the technical jargon of the financial world, generally states that introduce their currency as an official means of payment without the consent of the responsible central bank. – In Europe, those countries that officially use the EUR in their economic territory without the consent of the ECB. These are currently (2013) Andorra, Kosovo, and… read more »
Period in which a large number of borrowers terminate loans they have taken out and take out new loans on more favorable terms. This always happens when interest rates have fallen (period in which many borrowers replace old debt with new debt, generally to take advantage of lower interest rates). For banks and building societies,… read more »