International Economic Terms
English-language economic definitions generated from approved international institutional sources.
- blocking
Blocking denotes placing cash or securities under a transfer restriction, temporarily preventing the holder from disposing of the covered assets until the restriction is removed. It …
- bond market
The bond market enables public and private borrowers to obtain debt financing from investors. A bond typically promises periodic interest payments and repayment of principal at …
- book-entry system
A book-entry system maintains investors' ownership interests in digital account records rather than issuing paper certificates. When an interest changes hands, the relevant accounts are updated …
- book-entry transaction
A book-entry transaction is one carried out solely through records maintained in financial accounts. For investments, the relevant institution updates the holder's securities position instead of …
- brand
In payments, a brand is the market identity under which a provider offers a card or other payment service. It enables users and businesses to recognize …
- budget balance
The general government's budget balance is the fiscal result recorded for a defined accounting period. It is positive when receipts exceed outlays and negative when outlays …
- Business Identifier Code (BIC)
A BIC is an alphanumeric identifier assigned to a bank or other financial institution for use in payment and messaging activities. SWIFT administers the BIC registration …