English

Borrowings from the English language that have entered the national language. Because the financial world is largely globalized, words and phrases from English understandably accumulate here. If this is repeatedly criticized as a bad…

A decision, guided by – thoughtful consideration and – after a realistic assessment of one’s own strengths – taking into account the consequences of failure, – to engage in the financial market with a…

Legal term used in connection with price manipulation. It is used to assess how an average prudent investor would act if he were aware of manipulative circumstances with respect to the price. – See…

A debt security that is protected by some means against default and/or delinquency by the issuer. – See bond, asset-backed, bond, unsecured, monetary expansion, monetary union-internal, pledge, collateral, collateralization, real collateral. Attention: The financial…

Fixed-interest bearing security for which creditors must subordinate claims to those of non-subordinated claims in the event of the issuer’s liquidation or insolvency. In the event of bankruptcy, there is therefore a high probability…

A bond whose terms of issue stipulate the issuer’s right to postpone the repayment date (contractual privilege of the issuer of lengthening the repayment schedule of the bond). This does not affect the interest…

A security, usually issued by the government, – the income from which is not subject to a tax deducted at source, or – is not taken into account for income tax purposes, or –…

The search for shareholders and proxies to persuade them to vote in unison at a corporation’s annual meeting. This sometimes occurs when a group of shareholders wishes to object to individual presentations by the…

Interest charged by banks to their borrowers. These must be higher than the deposit interest (credit interest) because, in principle, a bank’s profit lies in the difference between the lending interest and the deposit…

An employee who can be deployed in very many, in extreme cases in all, departments of a financial services provider and in each case also copes well with the field of activity (line of…