English

Frequently used term, but with different conceptual content (denotation: the totality of things to which a term is applicable; the objects meant by “assets”). – All goods owned by – private households, and then in the older literature also called households, – enterprises, and then in relation to these also often called corporate capital and… read more »

In rating, the – previously planned, i.e. expected or – the actual default rates of the loans; if not expressed otherwise, calculated as the amount of the loss as a percentage of the exposures at the time of the counterparty default. Discrepancies between planned and incurred loss indicate poor calibration. – See default, default loss,… read more »

Generally, a prior contractual agreement on the proportions in which losses arising from the default are to be shared among the various parties. – In particular, the agreement on how, in the event of the insolvency of a major debtor, the banks affected with non-performing loans are to cooperate and according to which formula the… read more »

Permanent facilities in an economy that provide basic services without being used primarily for commercial purposes. These include, above all, transport routes (railroads, roads, canals, canalized rivers), water facilities (reservoirs, dikes), kindergartens, schools, churches, old people’s homes, hospices in the sense of last residences or hospitals. – See infrastructure capital, physical capital, social capital, assets,… read more »

The payment for the land surveyor (land surveyor; also called decempedator, field surveyor, geodesist, geometer and hoplometer), who usually carried out a survey together with assistants. The land surveyor was sworn in by the respective lordship; his expenses are shown in old documents to be very high. This can be explained by the fact that… read more »

In the language of the supervisory authorities, a natural or legal person who, under unlimited and unconditional liability, provides to a single financial services provider, for each of which it acts, – securities services, together with ancillary services, to clients or potential clients. accepts and forwards instructions or orders from the client in relation to… read more »

In the financial market, the contingency (eventuality: the actual possibility) of losing all or part of the capital invested in a commitment. – See hedging, call option, uncovered, non-investment grade, risk, loss absorbency, loss potential. – Cf. BaFin Annual Report 2006, p. 157 f. (capital management companies must determine the risk of loss per fund… read more »

Generally, a one-time payment imposed on owners of wealth (property owners). – In particular, the collection from rich citizens of a failing euro area member state before taxpayers of other members are asked to pay. It should not be the “little man” (regular guy) in other eurozone countries who has to pay for the mismanagement… read more »

In earlier times, this was a tax imposed on the propertyless inhabitants of a village (citizens without full political rights; Insten, Einsassen, Inleute), who usually worked as day laborers (Tagner, Tauner, Losmann, Lidl, Diurnist, Diëtarius and Diëist: this always refers to unskilled workers; although craftsmen also sometimes worked for a day wage, they were not… read more »

In the case of a life insurance policy, the automatic lapse under the terms of the policy if the policy owner falls behind with the premium (the termination of an insurance policy because of the owner of the policy failing to pay the premium within the grace period [commonly within 30 days after the last… read more »