International Economic Terms

A cash settlement agent is the bank or other institution through which the monetary side of a payment or securities transaction is completed. It settles amounts …

Cash withdrawal refers to receiving notes or coins using funds held with a financial provider, typically through a card, device, or other approved method. The provider …

A cash-in machine is a bank-operated terminal that credits physical euro notes to a customer’s account after the customer has been authenticated. It is designed solely …

Cash-in-shop refers to accessing cash services at a retail location, where customers may add or remove cash even when they are not buying goods. The retailer …

Cash-in-transit (CIT) companies provide secure handling and movement of currency and valuables as part of the cash-supply system. They may collect funds from retailers, replenish ATMs, …

Under this basis, an entry is posted only once funds or other contractual consideration have actually changed hands. Authorising, arranging, or initiating the transaction does not …

POS cash-back is a retail payment feature that lets a shopper obtain physical currency during checkout. The payment instrument is charged for both the merchandise and …

A central bank is the official monetary authority for a country or group of countries. It typically sets key interest rates, manages the currency and money …

A central bank credit facility is a liquidity arrangement that allows approved financial institutions to borrow from the central bank when needed. The institution may draw …

Central bank independence refers to the autonomy granted to a monetary authority in making decisions within its statutory mandate. Its purpose is to shield monetary policy …