English

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 »

Primarily used in connection with real estate. It is understood to mean the price which – at the time to which the determination relates – could be obtained in the course of business on the basis of the legal circumstances and actual characteristics, – the other properties and – the location of the property or… read more »

Supply and demand for securitization instruments of all kinds. In principle, anything that promises a continuing stream of payments can be securitized, from credit card receivables to student loans to revenues in a soccer stadium or concert hall. – The catch with any securitization is the moral hazard problem. This is because the incentive for… read more »

In monetary psychology, a private household that spends with the aim of gaining attention, prestige, prestige in the social environment through the purchase of goods. – See money man, money hat, money people, money bag, luxury money, luxury consumption. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes… read more »

Said on the Exchange of all orders that could not be executed by the close of trading; unless other instructions conflict and give the order validity beyond the close of trading (all orders not filled by the end of a trading day are considered unable and void, unless they are labeled GTC [Good Until Cancelled]… read more »

Unless otherwise defined, this refers to an economy with – only a less flexible labor market, – less competition on goods markets, – considerable barriers to market entry for new companies and – a less developed capital market. – In such economies, the investment ratio is lower, and thus productivity and consequently growth are also… read more »

A bank and in this context often called originator or originating bank – ties together a large number of credit relationships into a pool (portfolio), – separates the credit risk by means of credit derivatives before passing it on to investors – in larger packages (pools; bundles). Prior to this, – the originating bank transfers… read more »

Twelve-member board established at the Federal Financial Supervisory Authority to advise the agency on consumer protection issues. – See committee mania, consumer complaints, consumer protection forum. – Cf. BaFin Annual Report 2012, p. 17 (constitution of the committee; pp. 70 ff. (Europe-wide uniform guidelines on complaints). Attention: The financial encyclopedia is protected by copyright and… read more »

Biting term for the fact that “vested interests are untouchable. Legislators find it extremely difficult to cut government spending even slightly in any field, such as social welfare, cultural promotion, education or defense. Monetary policy has to take this into account. – See Adjustment inflation, Monetary awareness, Budget pre-reconciliation, European, Semester, European, Sovereign debt, Sovereign… read more »

Often equated with loading fee, especially in older documents, namely the payment to be made for loading or unloading goods in port or also on land. – The charge levied on trucks transporting goods [CH: Camions] for forced carriage by rail, said with particular reference to Switzerland. – A certain percentage of transalpine heavy goods… read more »