English

At an institution, a colleague against whom every criticism and every recommendation made in bank staff training bounces off without any success. – See Aktenschänder, Alleskönner, Autonom agierende Einheit, Behavioural Branding, Chief Copying Officer,…

The nominal value (as opposed to the market value) of all issued shares of a stock corporation, regardless of whose hands they are in (the capital of a company which is represented by shares,…

In simplified form, the difference between the expected share price and the risk-free interest rate, in effect the interest rate on first-class government bonds, i.e. securities issued by countries that are able and willing…

Important abbreviations (shortened forms of a word or a phrase) from the world of finance, including the (official) abbreviations of relevant laws and regulations, can be found in alphabetical order in the appendix of…

Directive drawn up by the EU Commission in 2006 to standardize the form and content of audits of companies’ financial statements throughout the EU. The directive was implemented in the member states by 2008.…

Unless otherwise defined, the ratio showing how many options are required in relation to the number of underlying assets to hedge against expected price changes in the underlying asset (the number of contracts required…

A term that has become less common today for a one-time loan (i.e., a follow-up loan is excluded) from a bank that is paid out immediately in cash. The repayment period is usually more…

A central bank provides liquidity to banks; however, it does so at a price (far) above the highest interest rate on the credit market. It thus makes clear its intention to restrict the money…

Term that entered the German language after 2000 and is also used by the ECB in its German-language publications – in linguistic terms, a “displacing Anglicism” (replaced Anglicism) – for – an authority, an…

All measures to influence the primary production sector of an economy (agriculture, forestry and fisheries), often subdivided into – market and price policy, – agricultural social policies and – agricultural framework policy. – Because…