English

In the language of the financial world, well-known companies, often enough awarded the highest credit ratings by rating agencies, that crash into bankruptcy overnight, such as the U.S. telecommunications company WorldCom in 2002 (Deutsche…

Households reduce their consumption rate and increase their savings rate because they have bad expectations about their future income. – See goods, frequent purchases, weak consumption, government debt, consumption-reducing, foreshadow effects. – Cf. Deutsche…

A bond which, according to the terms and conditions of the bond, cannot be called by the issuer within fixed time limits. This creates planning security for the bondholder (there is a period of…

A corporate bond or bank bond without special collateralization. – See bond, secured. – Cf. ECB Monthly Bulletin, November 2011, pp. 82 ff. (unsecured bonds in the refinancing structure of banks; overviews). Attention: The…

Assessment of bank balance sheets carried out by the ECB as European banking supervisor on a uniform basis. This involves examining the condition of bank assets. In particular, it clarifies the extent to which…

In the jargon of institutes, a freshman from university who knows little, does not overlook the course of business, does not perform at all but believes he/she is far superior to all employees and…

The term is considered in English to be a neologism of the British national economist John Maynard Keynes [1883-1946] from his book “The General Theory of Employment, Interest and Money” published in 1936). With…

Investment placed with a (foreign) institution in the name of a bank, but for the account and at the risk of a customer. Usually, such contracts have a fixed term, a certain (minimum) amount…

A term frequently used in financial journalism, but one that is unclear without further explanation. Basically, it means that investors are willing to invest instead of hoarding money. However, it is not clear who…

A bond in which the interest rate increases with increasing time from issuance (a bond that pays an interest rate for an initial period which then increases to a higher rate), where the times…