International Economic Terms

English-language economic definitions generated from approved international institutional sources.

  • pan-European automated clearing house (PE-ACH)

    A pan-European automated clearing house (PE-ACH) is an arrangement for handling euro payment instruments across European markets. Its operation is based on shared rules and procedures …

  • payer

    A payer is the person or organisation that provides the funds for a payment and authorises its execution. The amount may be debited from the payer’s …

  • payment

    Payment denotes the settlement of a monetary obligation by moving funds from the debtor to the creditor. In banking and economic statistics, the term is sometimes …

  • Coverage: Science Proficiency Level 3

    Within the Human Opportunities Index, the coverage rate is the proportion of children who receive a particular opportunity, such as access to a service. It is …

  • Coverage: Science Proficiency Level 3, Public schools

    Within the Human Opportunities Index, the coverage rate records the proportion of children who receive a particular opportunity. It measures the extent of access across the …

  • Coverage: Water

    Within the Human Opportunities Index (HOI), the coverage rate records how widely a particular service or basic condition is available among children. It is an aggregate …

  • HOI: Electricity

    The Human Opportunities Index (HOI) assesses whether access to an essential service varies across social and household groups. It combines the share of the population with …

  • HOI: Mobile Phone

    The Human Opportunities Index (HOI) for mobile-phone access quantifies whether access to the service is associated with personal or household characteristics beyond an individual’s control. It …

  • HOI: Finished Primary School

    HOI: Finished Primary School is an equity-adjusted indicator of primary-school completion. It assesses not only how many children complete this level of education but also whether …

  • HOI: Internet

    The Human Opportunities Index (HOI) assesses whether access to a service is shaped by circumstances for which people are not responsible. For Internet access, it relates …